US CCI improves most in May

Source: Investing.com
The University of Michigan's preliminary Consumer Confidence Index jumped to 95.8 in May, following April's 89.0 points and registering the highest result since last year. Until today, analysts expected the Index to improve to 90.0 points. Meanwhile, the survey's index of actual economic conditions increased from 108.6 to 106.7, whereas its consumer expectations' index grew from 77.6 to 87.5


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Fri, 13 May 2016 16:35:05 GMT

US Dollar touches new daily highs by 15:30 GMT

The US dollar hit its intra-day high against the Euro on Friday, helped by the better-than-expected US retail sales figures reported earlier and the Michigan Consumer Confidence Index, which improved from March's 89.0 to 95.8 points in May. Thus, the Euro traded lower against the Greenback at $1.1320 by 15:30 GMT on the New York Stock Exchange.

Fri, 13 May 2016 15:19:06 GMT

US business inventories surge in March

US business stockpiles rose by 0.4% in March, which includes retailers, wholesale merchants and manufacturers. The reading is the highest since August 2015 and came well above the 0.2% estimate. Data on growth of inventories in February remained unrevised and stayed at 0.1%.

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