Market Overview - Page 138

President Joe Biden’s job approval ratings have taken a dive as he’s been criticized for his administration’s handling of the withdrawal of U.S. troops from Afghanistan and while Covid-19 cases surge across the country. An NBC News poll released Sunday.

Germany Producer Price Index growth accelerated to 10.4% y/y in July. For the first time in the indicator’s 50-year history, the figure shows a double-digit growth. It is also notable for markets that the actual statistics are much stronger than.

If you thought US retail sales in July were weak, declining by 1.1%, you did not see the UK figures. The fresh report showed a plunge of 2.5% last month against expected growth of 0.2%. Year-over-year growth slowed from 9.2%.

U.K. retail sales fell unexpectedly at the sharpest pace since the economy was in lockdown in January, signal that a sharp recovery may be loosing momentum. The volume of goods sold in shops and online dropped 2.5% last month after.

Shares in Asia-Pacific fell in Friday trade as China left its benchmark lending rate unchanged. Hong Kong’s Hang Seng index plunged 1.83% in afternoon trade, with Chinese tech shares largely continuing to see another day of heavy losses as regulatory.

From used cars to gas to groceries, inflation continues raise the price of goods in the U.S. The consumer price index — which measures how much consumers pay for an assortment of products — jumped 5.4% last month from where.

Brent crude fell to $66, at one point yesterday falling below $65, the area of the May lows, bringing the decline since the start of August to $10 or 13%. This week oil prices have fallen below last month’s local.

Stock futures were in negative territory early Friday morning after a choppy regular trading session ended with the S&P 500 slightly in the green. Dow Jones Industrial Average futures dropped 105 points. Futures on the S&P 500 and Nasdaq 100.

China passed a major data protection law on Friday setting out tougher rules on how companies collect and handle their users’ information. The rules add to Beijing’s tightening of regulation, particularly around data, which could impact the way China’s technology.

U.S. Vice President Kamala Harris is expected on Sunday to start her official visit to Southeast Asia — a region where China’s economic and political influence has grown in recent years. Harris is scheduled to arrive in Singapore on Sunday,.

The US labour market continues to gain strength, as confirmed by new weekly jobless claims data. Initial claims fell by 29K to 348K last week, and the number of repeat claims fell by 79K to 2.82M in the week to.

Global equity markets strengthened their decline, and the dollar gained momentum after Fed minutes indicating a readiness to start QE tapering as early as this year. The dollar index rose to its highest level since November 2020, surpassing the reversal.