Consumer Sentiment Holds Gains While Long-Run Inflation Expectations Remain Stuck in High Gear
Consumers reduced their spending at retail stores in January, but not because they were feeling worse about the economy and its outlook. A preliminary survey of Americans’ financial health released in February by the University of Michigan showed on Friday that consumer sentiment continued to rise from the past two months. The consumer confidence index […]
European stocks higher as sentiment remains cautious; Saab, Siemens Energy climb – CNBC
51 minutes ago BNP Paribas Wealth Management CIO says mid-cap stocks are part of the market rally Edmund Singh, Chief Investment Officer of BNP Paribas Wealth Management, discusses recent earnings reports and developments in the US and European stock markets. 3 hours ago Economists say profits are now more important than the macro environment for […]
Mortgage rates rise slightly as homebuyer sentiment tanks
Conference Board Chief Economist Dana Peterson says in Making Money that the LEI is great for the commodity economy. Mortgage rates rose slightly this week, with 30-year fixed-rate bonds continuing to hover in the mid-6% range. The sluggish housing market suggests consumers are still looking to hold off on moving until interest rates come down, […]
Is Improved Consumer Sentiment All About Democrats Hating Trump?
Unstable buildings lead to improved consumer confidence Americans feel better about the economy than they have in years. Or at least the Democratic Party does. consumer confidenceAs measured by The Conference Board’s monthly survey, it surged to a two-year high in January, marking the third straight month of increases. Ratings of current economic conditions rose […]
Consumer Sentiment Surges, Biggest Gain Since 2005
Growing optimism about the economic outlook, confidence that inflation will decline, and good sentiment about the current situation have fueled a sharp rise in U.S. consumer sentiment as the new year begins. The University of Michigan Consumer Confidence Index rose 9.1 points to 78.8, the largest monthly increase since 2005. This followed a strong rise […]
Consumer sentiment hits highest level since 2021
Consumer sentiment rose in January to its highest level since July 2021, according to the University of Michigan Consumer Survey released Friday. In preliminary figures, sentiment rose from 69.7% in the previous month to 78.8, marking the second consecutive month of significant increases. “Democrats and Republicans alike posted their best indicators since summer 2021. Sentiment […]
Homebuilder sentiment surges amid sharp drop in mortgage rates
In “Kabuto: Coast to Coast,” Redfin CEO Glenn Kelman analyzed the state of the housing market after mortgage rates soared above 7%. Trust among builders US housing market January was the second straight month of increases as high mortgage rates continued to fall. National Association of Home Builders/Wells Fargo Housing Market Index. Single-family housing market, […]
EUR/USD Price Analysis: Remains stable near 1.0930, bearish sentiment looms – FXStreet
share: EUR/USD remains flat after recent declines while the USD stabilizes. The key level of 1.0950 appears to be an immediate resistance level. A break below 1.0900 could allow the pair to cross the 50-day EMA at 1.0888. EUR/USD held steady after posting recent losses in the previous session, trading around 1.0930 in […]
Gloomy sentiment continues with European markets heading for a negative open – CNBC
22 minutes ago European stock markets start mixed, then turn higher European stock markets opened on a calm note, with the regional Stoxx 600 index opening flat but up 0.2% by 8:20 a.m. London time. Sectors remained mixed, with healthcare stocks gaining 1.04%, while technology and mining stocks both fell about 0.6%. Britain's FTSE 100 […]