Black Friday shopping at brick-and-mortar stores dropped by 6% as consumers spent record online
Black Friday shoppers wait to purchase goods at a Best Buy store on November 29, 2019 in Emeryville, United States. Black Friday is traditionally the biggest shopping event of the year, and marks the beginning of the holiday shopping season....
Black Friday shoppers spend record $7.4 billion in second largest online sales day ever
A group of Black Friday online shopping purchases photographed in delivery boxes filled with polystyrene packing pellets, taken on September 13, 2019. Future Publishing | Future | Getty Images Black Friday shoppers spent $7.4 billion online, the second largest Internet...
Sterling Jumped on Election and Brexit Hopes, US Stocks Hit Records ahead of Important December
Sterling ended as the strongest one last week as it looks like Conservative is set to have a majority win in the upcoming elections. If materialized, UK is finally heading for an orderly Brexit next January, clearing all uncertainties. On...
Macaskill on markets: Wall Street and the Warren fear factor
It took a heart of stone not to laugh at the sight of grizzled Wall Street veteran Leon Cooperman choking up on cable TV recently as he condemned Warren’s proposal to introduce a wealth tax in the US. When asked...
Week Ahead: OPEC, NFP and Manufacturing PMIs
There is no doubt that the ongoing US-China trade situation will remain the main focal point next week as investors are becoming worried that China may retaliate after US President Donald Trump signed into law a bill backing Hong Kong’s...
The Weekly Bottom Line: Something To Be Thankful For
U.S. Highlights A quiet, holiday-shortened week featured data that painted a picture of an economy that has slowed, but not stalled. Revisions to Q2 GDP did little to change the picture of the economy. Durable goods orders were a bright...
BoC’s 2019 Holdout Will be Cemented Next Week
Markets will continue to weigh the odds of a “phase one” US-China trade deal next week, with optimism earlier this week (fuelled by yet more reports of progress in trade talks) fading after President Trump signed the Hong Kong human...
Market Awaits China Retaliation on Trade
Trade hopes were boosted by comments from the US and China earlier in the week, only to be stamped out after the signing of an American law that supports Hong Kong autonomy was criticized by China bowing retaliation. The prolonged...
Apple’s ‘big story’ this holiday season is its credit card, analyst says
The “big story” for Apple this holiday shopping season won’t be what products consumers buy but how they pay for it, according to D.A. Davidson & Co. analyst Tom Forte. “AirPods Pro [is] a good product, but I think the...
Australian Q3 GDP, A Preview
Growth lopsided – private demand weakness Real GDP: f/c 0.6%qtr, 1.8%yr Domestic demand: f/c 0.2%qtr, 0.8%yr The Australian National Accounts, to be released on Wednesday December 4, will provide an estimate of economic activity for the September quarter, including any...