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Paulson Stresses Goal Of “Market Stability”

posted by pipsmgee 1424 days ago in USD, Fundamental made popular 1424 days ago

Treasury Secretary Henry Paulson said Wednesday that the number one goal for regulators should be “market stability,” and encouraged strengthened market discipline to dismiss the notion that institutions may be too big to fail.

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Consumers descend further into economic funk

posted by pipsmgee 1429 days ago in USD, Fundamental, Inflation

Pummeled by high gas prices, rising foreclosures and weak job growth, U.S. consumers' mood turned even gloomier in June despite the stimulus checks they got from Uncle Sam, according to a survey released Friday by the University of Michigan and R

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New Home Sales Fall In May After Increasing In April

posted by pipsmgee 1431 days ago in USD, Fundamental, Housing

New home sales showed a notable decrease in the month of May, according to a report released by the Department of Commerce on Wednesday, although the decrease came on the heels of an upwardly revised increase in the previous month.

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Euro Rises Against Major Rivals

posted by pipsmgee 1432 days ago in EUR, Technical, Daily

The euro saw strength against the other major currencies on Tuesday in New York. The euro moved to a near-term high against the sterling and recouped recent losses versus the dollar.

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Pound boosted by unexpected jump in UK retail sales figures

posted by pipsmgee 1437 days ago in GBP, Fundamental, Retail Sales made popular 1437 days ago

The pound was boosted by an unexpected jump in official retail sales figures, which prompted the market to price in a higher probability that the Bank of England will lift interest rates soon to control inflation.

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Australian market declines, Financials weak

posted by pipsmgee 1438 days ago in AUD, Fundamental

The Australian share market was trading down more than 1% Thursday following sharply lower closing on the Wall Street on the back of disappointing earnings results from some U.S. companies and a spike in crude oil prices. Financials were weak on

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UK Manufacturers Report Growth In Order Book Level, Survey S

posted by pipsmgee 1438 days ago in GBP, Fundamental, Manufacturing made popular 1438 days ago

UK manufacturers reported a modest growth in their order books in June, the latest monthly Industrial Trend Survey released by the Confederation of British Industry, or CBI showed Wednesday.

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Consumer sentiment tumbles in June

posted by pipsmgee 1439 days ago in USD, Fundamental made popular 1439 days ago

Despite receiving rebate checks, consumers are still downbeat as a troubled economy weighs down spirits, according to a report released Friday.

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Home-builders' index matches record low in June

posted by pipsmgee 1440 days ago in USD, Fundamental, Housing

U.S. home builders were as gloomy as ever in June, the National Association of Home Builders reported Monday.

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CPI rises 0.6% on back of surging energy prices

posted by pipsmgee 1440 days ago in USD, Fundamental, Inflation made popular 1440 days ago

Surging energy costs drove U.S. consumer prices higher at the fastest pace in six months during May, but core inflation increased much less, Labor Department data showed Friday.

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Did Stimulus Checks Play A Big Part In May’s Retail Sales?

posted by pipsmgee 1443 days ago in USD, Fundamental, Special made popular 1443 days ago

Today’s big economic story is how retail sales “surged” in May, since I’m rather loathe to repeat myself I’m not going to dig into the usual around inflation, the use of nominal figures, how beating bad numbers is not a reason to celebrate, etc,

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Retail sales jump 1% with boost from Uncle Sam

posted by pipsmgee 1444 days ago in USD, Fundamental, Retail Sales

Jump-started by an infusion of nearly $50 billion in stimulus checks from Uncle Sam, retail sales rose a surprising 1% in May, the fastest increase in six months, the Commerce Department reported Thursday.

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