Global equities looked set to cap the week on a strong note, following the confirmation of Joe Biden as the next US president and expectations that his administration will inject more support into the economy. Europe’s benchmark Stoxx 600 rose 0.7 per cent in early dealings, putting it on track to close the first week… Continue reading European equities on track for best week since November rally
Income/spending: Consumer spending, the backbone of the U.S. economy, declined in November as COVID-19 cases picked up across the country and damped activity. Consumer spending fell 0.4% in November after a revised 0.3% gain in the prior month, the government said Wednesday. The decline in November was in line with economists’ forecasts collected by MarketWatch.… Continue reading Economic Report: Consumer spending and personal income both decline in November
US retail sales declined in November by the most in seven months, in a sign of how the economic rebound is faltering amid a resurgence in coronavirus cases and fresh restrictions to curb the spread of the disease. Retail sales fell 1.1 per cent last month from October, the second consecutive monthly decline, the commerce… Continue reading US retail sales in November fell by the most in 7 months
Developed in Kelowna by UBC graduate Jason Bernhardt, Levity debuted an ambitious dating campaign on November 14th. Titled the #100happycouples challenge, the activation seeks to not only bring more awareness to the app, but also to “bring connections closer together at a time when community gathering is restricted.” The goal of the dating campaign is… Continue reading Challenge-Based Dating Campaigns – Levity Launched Its #100happycouples Challenge in November (TrendHunter.com)
The UK economic recovery nearly stalled in October as the services sector was hit by Covid-19 restrictions before the full lockdown in November. Output grew 0.4 per cent in October compared with the previous month, down from 1.1 per cent in September and the lowest rate since May, data from the Office for National Statistics… Continue reading UK recovery slowed before November lockdown
Paramount/Courtesy Everett Collection How to characterize exchange-traded fund flows in November? As Wayne might have said, “Risk ON, Garth.” Investors poured $91.6 billion of new money into ETFs during the month, according to data provided to MarketWatch by Refinitiv Lipper. Equity ETFs picked up the vast majority of that, $81.2 billion, followed by bond ETFs,… Continue reading Market Extra: Risk on, dude: investors are ready to rotate, November fund flow data show
The US economy added 245,000 jobs in November and the unemployment rate fell to 6.7 per cent, as the labour market lost momentum in the face of the latest surge in coronavirus cases. The data released on Friday by the US labour department will fuel fears about the health of the world’s largest economy. It… Continue reading US employers add 245,000 jobs in November as rebound loses steam
European equities started December on a bright note, following a record November, after encouraging Chinese factory data prompted investors to look ahead to a global economic recovery. The benchmark Stoxx 600 index rose 0.7 per cent in the first hour of trading, having gained almost 14 per cent in November. The UK’s FTSE 100, which… Continue reading European stocks kick off December on upbeat note after November surge
Smidcap stocks are on fire. The Russell 2000 RUT, +0.55% is up over 19% this month compared to 10% for the S&P 500 index SPX, +0.24%. Will it continue? This group has been beaten and battered for so long that many people simply doubt the move. But this is a big mistake. I don’t know… Continue reading The Russell 2000 has had a powerful November — and the gains aren’t over
The U.S. economy is experiencing more turbulence with the record outbreak in coronavirus cases. AP The first time the coronavirus blanketed the U.S. earlier this year, tens of millions of jobs vanished and the economy sank into a historic recession. This time around the record spike in coronavirus cases is destroying just a fraction of… Continue reading Economic Preview: The coronavirus is erasing jobs again and raising the specter of a weak November employment report
