Philip Chua Business Blog

Posts Tagged ‘consumer’

The dollar rose against most of its rivals on Friday. US July retail sales increased in line with forecast; July inflation was tame; and August consumer sentiment rebounded from an 8-month low. The S&P 500 declined 4.36 to 1,079.25, pressured by disappointing sales reports from US retailers in July. The

The dollar traded mostly higher on Tuesday. US May 20-city home prices posted the largest year-over-year gain since August 2006, but July consumer confidence fell to a 5-month low. The S&P 500 declined 1.17 to 1,113.84. The euro rose to a 2-month high versus the yen after data showed German

Risk appetite fell on Friday, US data trumping continued decent company earnings. US equities began the decline during the European afternoon, and accelerated to -2.9% after a steep plunge in the US consumer sentiment survey to the lowest level in a year. Following the previous day's disappointments in the NY

New Zealand economy expanded for the fourth consecutive quarter during the first quarter of the year, as consumer spending that account for 60% of the GDP, inclined, with the rebounding of Exports that counts 30% of the nation's economy, led by the Chinese demand that supported the nation's growth.

U.S. Dollar Trading (USD) remained on the weak side as stocks and most currencies pushed higher into the weekend overcoming weak US Retail Sales data. May Retail Sales slumped -1.2% vs. +0.2% forecast. The data was countered however by a rise in US Consumer Confidence to a 2 year high

Despite its rise for the first day in four on Friday, the dollar fell versus its counterparts except the yen for the week. An unexpected decline in US retail sales raised doubts about the US economic outlook. On the positive side, US consumer sentiment rose to the highest level since