Guardian Stockbrokers Key Economic News Thursday 26 November 2020

Share On Facebook
share on Linkedin

The key points from today’s economic news, brought to you by Guardian Stockbrokers.

©

FOMC minutes: concerns about rising Covid-19 cases remain

Minutes of the US Federal Reserve’s (Fed) November monetary policy meeting indicated that policymakers expressed concerns about the rising coronavirus cases in the country and new restrictions imposed to contain the spread of the virus. The Fed officials believe that the country has witnessed economic progress but much more is needed to get the economy back to pre-Covid levels.

US annualised GDP climbed less than expected in 3Q 2020

In the US, the second estimate of an annualised GDP registered a jump of 33.10% on a QoQ basis in 3Q 2020, compared to a fall of 31.40% in the prior quarter. Markets were expecting GDP to record an advance of 33.20%.

US durable goods orders climbed more than expected in October

In the US, flash durable goods orders rose 1.30% on a MoM basis in October, compared to a revised advance of 2.10% in the prior month. Market expectations were for durable goods orders to climb 0.90%.

US consumer sentiment index dropped more than anticipated in November

In the US, the final consumer sentiment index dropped to a level of 76.90 in November, compared to a level of 81.80 in the previous month. Market anticipations were for the Reuters/Michigan consumer sentiment index to ease to 77.00.

US new home sales unexpectedly dropped in October

In the US, new home sales slid 0.30% on a MoM basis in October, compared to a revised rise of 0.10% in the previous month. Markets were expecting new home sales to record a rise of 1.50%.

Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210126 15:44:21