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December 5, 2023
Eurozone's PMI Services for November showed a slight improvement, finalizing at 48.7, up from 47.8 in October. PMI Composite also experienced an uptick, reaching 47.5 from the previous month's 46.5.
December 4, 2023
“People would learn more from their mistakes if they weren’t so busy denying them.” Here’s a little trivia for the compliance folks in the coffee room: The CFPB handles 20,000 consumer complaints per week, and given that financing a home, and then servicing the loan, is the largest financial transaction most individuals go through, you gotta figure a chunk of the 20,000 involve mortgages. While we’re on the CFPB, Director Chopra addressed issues related to refi...
November 13, 2023
The Executive Branch has announced the launch of the Plan Unidos (United Plan), with the aim of reviving the economy and providing a major boost to the country's productive sectors within a context of recession.
November 10, 2023
The Executive Branch on Thursday announced the launch of the Plan Unidos (United Plan), with the aim of reviving the economy and providing a major boost to the country's productive sectors within a context of recession.
November 10, 2023
The Executive Branch on Thursday announced the launch of the Plan Unidos (United Plan), with the aim of reviving the economy and providing a major boost to the country's productive sectors within a context of recession.
October 22, 2023
A preview of important economic and market events, as well as upcoming macroeconomic data releases in India and across the world for the coming week.
October 5, 2023
The weekly Jobless Claims might be the highlight on Thursday. Early cues from the U.S. Futures Index suggest that Wall Street might open broadly down. Asian shares finished positive, while European shares are trading higher.
October 4, 2023
The latest Eurozone PMI Services data brings both a glimmer of optimism and a note of caution to an economic region. The finalized PMI Services for September stood at 48.7, marking an increment from August's 47.9. Composite index also saw a marginal uplift to 47.2 from the previous month's 46.7. While the numbers reflect an uptick, the fragility of the recovery becomes apparent when examining the country-specific data and underlying factors.
October 4, 2023
Dollar softens broadly today, as it seems traders are exercising caution, pivoting their focus towards forthcoming heavy-weight economic data releases from the US in the second half of the week. The greenback's pull back also extends following much weaker than expected ADP private job data. Interestingly, this "bad news is good news" effect is also reflected in the positive turn of DOW futures, suggesting a potential stabilization in the stock markets following yesterday's st...
October 3, 2023
Surrounded by family, Lloyd Lee South, 89, of Fairfax Station, VA passed away on September 24, 2023 at INOVA Fairfax Hospital from injuries resulting from an automobile accident.