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Daily Market MoversThe following news stories, economic reports, and statistical tables are selected and compiled by founder John F. Gallwas, who has been an active participant in the financial service industry since January of 1958.
TuesdayBB: the July Consumer Confidence Index was higher than expected at 121.1 vs 118.9 in June, reflecting Americans’ sunnier views on both their current situation and outlook, a positive sign for the economy..
Gallup: Americans continued to express some confidence in the economy last week, with Gallup's U.S. Economic Confidence Index averaging +4. The index has remained between 0 and +5 for the past 13 weeks.
BB: The business climate in Germany, Europe’s largest economy, improved for a sixth month in July. The index, based on a survey of 7,000 German companies from manufacturing, trade and construction, rose to 116.0 from a revised 115.2 in June. .
MondayBB: June Existing Home Sales were less than expected at -1.8% to 5.52M annual rate, suggesting that lean inventories are keeping prices elevated and limiting purchasing options. Median sales price rose 6.5% y/y to a record $263,800 and inventory of available properties fell 7.1% y/y to 1.96M, marking the 25th consecutive year-on-year decline
SundayWS: Economists almost unanimously expect the Federal Reserve to raise short-term interest rates next week, but are split over when the central bank will raise rates after that.
Economic Reports for the Week ending Friday July 28, 2017
Last Week's Scorecard
* Local currencies
We do not guarantee accuracy of any of the data on this page. If you have any comments or suggestions, please contact William Gallwas or call 800-669-8838
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