China’s record crude oil imports built on robust fundamentals, temporary boosts
China’s record imports of crude oil in October are without a doubt a bullish outcome, but within the broader pattern of growing demand there were some temporary factors lifting purchases.
Apple was the top-selling mobile phone brand on Alibaba platforms during Singles Day
Apple topped the list of mobile phone vendors with the highest gross merchandise value (GMV), beating Chinese companies like Huawei and Xiaomi.
Third-quarter U.S. profit growth on track to be highest since 2010
U.S. earnings growth for S&P 500 companies in the third quarter is on track to be the highest since 2010, eclipsing the strong results from earlier this year, according to IBES data from Refinitiv.
US Christmas sales predicted to surpass $1 trillion for the first time this year
Total retail sales in the U.S will hit $1.002 trillion during the Christmas holiday period, marking the “strongest growth since 2011,” according to eMarketer.
US Treasury yields jump after better-than-expected jobs report
U.S. government debt prices ticked lower as investors looked ahead to the release of October nonfarm payrolls data.
US factory orders increase more than expected in September
New orders for U.S.-made goods increased more than expected in September, but softening business spending on equipment suggested the manufacturing sector could be slowing.
Consumer confidence rises to an 18-year high in October
U.S. consumer confidence rose to an 18-year high in October, driven largely a robust labor market, suggesting strong economic growth could persist in the near term.
U.S. Personal Spending Ends Third Quarter on Solid Footing
Americans increased spending in September and their incomes ticked up, a positive sign for the economy’s main engine heading into the fourth quarter.
U.S. GDP Grows Above-Forecast 3.5% on Consumers, Inventories
The U.S. economy expanded at a 3.5 percent pace in the third quarter as consumers opened their wallets, businesses restocked inventories and governments boosted spending, marking the strongest back-to-back quarters of growth since 2014.
US economy showing momentum as leading indicators rise for 12th straight month in September
The Conference Board’s Leading Economic Index for the U.S. increased by 0.5 percent last month, in line with what economists polled by Refinitiv expected.