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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.