A batch of second tier economic releases from the US have failed to give a clear indication on the whole with some good and some bad news leaving an overall mixed to negative picture.
The data itself was as follows:
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app-
Conference Board Consumer Confidence: 125.5 vs 127.0 exp. 126.1 prior (125.9 originally)
-
Richmond Manufacturing Index: -1 vs +6 exp. +8 prior
-
New Home Sales: 733k. 709k exp. 701k prior.
The clear standout positive was the rise in new home sales which rose more than expected, but on balance this was probably outweighed by the other two releases. Consumer confidence according to the CB measure was worse than expected, even though a positive revision to the prior takes the edge off the miss. Perhaps the worst news was the manufacturing figure from Richmond with an unexpected decline the 3rd in 5 months and suggesting that the pick-up in this sector for the US may not be as strong as some had hoped for.
The US30 made a new all-time high overnight at 28150 but has since pulled back. The market has shown little clear reaction to the US data but just over half an hour into the cash session trades just 75 points from the record peak. Source: xStation
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.