Tag Archive
Oil Futures Decline for Second Day on Greece Concern, Consumer Spending
Oil declined as European leaders sparred with Greece over a second rescue program and U.S. consumer spending stalled, bolstering concern that economic growth and fuel demand will slow. Oil fell for a second day as Greece fended off German-led calls for a European overseer to take command of the … read full news Published: Tue,… »
Consumer Spending, Wage Gains in U.S. Probably Slowed in August
Consumer spending in the U.S. probably slowed in August as growing pessimism and a lack of jobs restrained the biggest part of the economy, economists said before a report today. Purchases rose 0.2 percent after a 0.8 percent gain in July, according to the median estimate of 81 economists su… read full news Published: Fri,… »
Retailers Cut As Consumers Hold Back – US-FOREX.US
Economic indicators may point to gradual economic improvements but to consumers facing weak wages, default, unemployment and eroding asset values, there’s little comfort in a “less-bad” economy. With private consumption accounting for roughly 70% of U.S. economic activity, a recovery without the consumer doesn’t promise to be much of a recovery at all. The consumer… »
Spains Pains – US-FOREX.US
Pity Spain. While stimulus packages offered by the German and French governments quickly helped lift those nations out of recession in the past quarter, Spain had no such luck, and shrank by a more-than-expected 1% quarter-on quarter, its National Statistics Institute said Friday.It also doesn’t look like the situation will pick up any time soon…. »
Soda Sales Float – US-FOREX.US
The sluggish economy saw cash-strapped consumers downing more soda than pricey teas and other bottled beverages. The trend floated sales of Dr Pepper Snapple Group ‘s Dr. Pepper, Crush and Hawaiian Punch drinks higher but Snapple sales have sunk. During 2009′s first quarter, improved carbonated beverage and value juice trends were offset by ongoing weakness… »
Spend China Spend – US-FOREX.US
There is no shortage of villains to blame for the global financial crisis. One is the phenomenon of global macroeconomic imbalances-current account deficits in the U.S. and other advanced economies, matched by surpluses in many emerging market and oil-exporting economies. Even if they were not the key factor, global imbalances served as tinder for the… »
Italys Upbeat Consumers – US-FOREX.US
Italian consumers don’t have it easy: Unemployment is soaring and gross domestic product expected to fall by more than 5% this year. Still, they seem to be upbeat. Consumer confidence in the Mediterranean country rose more sharply than previously thought in July, its highest level since November 2007.Seasonally adjusted consumer confidence index rose to 107.5… »