US Consumer Confidence Decreases | German Business Climate Improves
Published September 24, 2019
The Supreme Court in the United Kingdom decided in a unanimous ruling that the decision by Prime Minister Boris Johnson to suspend Parliament until mid-October was unlawful. The court says that Parliament should meet as soon as possible. The pound rose against the greenback on the decision, to 1.2494.
The headline German IFO Business Climate Index came in at 94.6 in September, firmer than last month’s 94.3 and beating the consensus estimates pointing to a reading of 94.5. Meanwhile, the economic assessment data edged higher – 98.5 points in the reported month – as compared to last month’s anticipated 97.3 and 97.0.
The US Conference Board released consumer confidence data this morning. The Consumer Confidence Index decreased in September following a slight decline in August. The index now stands at 125.1, down from 134.2 in August.
Chinese authorities granted companies waivers to buy US soybeans without being subject to retaliatory tariffs. The move comes ahead of a meeting between trade officials from both countries in Washington next week and a visit by China’s Vice Premier Liu to America next month for high-level talks.