Following the sharp fall in the US consumer confidence index during August, this index remained low in September and nearly didn’t change. According to the recent U.S. consumer confidence survey, the consumer confidence index remained low in September and nearly…
Category: News Feed
U.S. New Home Sales Dropped Again in August 2011
Yesterday, the U.S. Census Bureau reported on US new homes sales for August 2011 and it showed another drop in number of homes sold compared with July’s numbers. According to the report, in August 2011 the annual rate of number…
CME Raised (Again) Margins on Gold and Silver Contracts– Sep 24
Following the sharp falls in the precious metals prices, there was another news item that helped gold and silver prices to fall the flight of stairs: the CME (Chicago Mercantile Exchange) announced it will raise margins on gold and silver…
U.S. Existing Home Sales Inclined in August 2011
The US existing homes sales rate rose in August 2011 by 7.7%; this news comes despite the ongoing tight credit problems in the US and the slowdown in housing starts fell in August. According to the recent report of the…
FOMC Will Purchase LT Securities at $400 Billion – No QE3 for Now
Following the two day meeting of the Federal Open Market Committee, it was decided that there won’t be another quantitative easing plan for now that will expand the Fed’s balance sheet; it was decided that the Fed will purchase $400…
US Housing Starts Declined in August
According to the recent U.S. Census Bureau report of the new residential construction statistics for August 2011 there was an increase in building permits, but there was a drop in housing starts. The seasonally adjusted annual rate of building permits…
S&P downgraded Italy’s credit rating from +A to A
Following the dramatic downgrade of US’s credit rating at the beginning of August, now Italy’s turn came up: Standard and Poor’s, one of the most important rating agency worldwide, announced yesterday, September 19th, that it downgraded Italy’s credit rating from…
Foreigners extended their holding in US Treasuries– September Report
According to the recent report of the U.S. Department of the Treasury, regarding the changes in domestic and foreigners’ holdings of U.S. Treasuries, the net foreign purchases of longer-term U.S. securities inclined by $9.5 billion during July; on the other…
Philly Fed still weak but better than in August – September
According to the recent release of the Philly Fed Manufacturing Index the index still showed weakness in manufacturing conditions, but slightly improved compared with the previous month’s report; the September index inclined from -30.7 in August to -17.5 in September.…
Euro Area annual inflation remained unchanged at 2.5%
The Euro Area CPI remained unchanged at an annual rate of 2.5% during August 2011. Among the Euro Area countries with the highest inflation rates were Estonia (5.6%), Latvia (4.6%), and UK (4.5%). The lowest inflation rates were recorded in…