Yield on the benchmark 10-year note drops to its lowest level since October 2017
A shopper makes a purchase at the JC Penney department store in North Riverside, Illinois, the US. Picture: REUTERS
Economists said the strong readings likely did not fully capture the impact of the trade standoff between Washington and Beijing. The cut off date for the Conference Board survey was on May 16. The US raised existing tariffs on $200bn in Chinese goods to 25% from 10% on May 10, prompting Beijing to retaliate with its own levies on American imports.
The survey’s expectations index, based on consumers’ short-term outlook for income, business and labour market conditions, increased to a reading of 106.6 in May from 102.7 in April. While the sentiment surveys have been upbeat, the so-called hard economic data have weakened in recent months. Industrial production, durable goods orders, retail and home sales fell in April, suggesting the economy lost considerable momentum early in the second quarter after getting a lift from exports and an accumulation of unsold goods in warehouses in the first quarter.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Strong labour market boosts US consumer confidenceYield on the benchmark 10-year note drops to its lowest level since October 2017
Read more »
Fifties for Amla, Du Plessis as Proteas make strong start against Sri Lanka | IOLThe experienced pair were rollicking along, but after it seemed as if they were both going to score centuries, they were dismissed within three balls.
Read more »
Conspiracy theories aside, the case against Mr Zuma is very strong - StateThe reason for the decision to prosecute former president Jacob Zuma on charges of racketeering, money laundering, fraud and corruption does not matter, even if it was politically motivated.
Read more »
Evidence against Thales ‘very strong’, court hears in Zuma corruption trialZuma and Thales have applied for a permanent stay of prosecution.
Read more »
Zuma corruption case: Evidence against Thales ‘very strong’, court hears | IOL NewsAdvocate Andrew Breitenbach SC, acting for the State, was arguing before a full bench in the Pietermaritzburg High Court.
Read more »
OPINIONISTA: A plea for Honourable Members to please step out of their bubble in the 6th ParliamentUs the people are not us the enemy… we are us the people who have entrusted us the MPs with our futures. We are their investors, we want them to succeed. They would be well advised to consider an end to hiding behind high fences, heavily guarded gates and to take a step forward, to break down the barriers that had been put in place by a past government that was scared of us the people.
Read more »
Strong 8.0-magnitude earthquake hits Peru - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.A strong 8.0-earthquake struck northern Peru in the early hours of Sunday, sending residents fleeing their homes and cutting off power to at least one town, with the impact felt as far afield as neighbouring Ecuador.
Read more »
JSE could open slightly higher on Tuesday as Asian stocks recoverChinese internet and gaming giant Tencent was stronger, suggesting a strong opening for major shareholder Naspers
Read more »
Trump’s Huawei ban takes its toll on US semiconductor sharesChina-listed firms rally as investors bet the company’s troubles could accelerate a campaign to replace imported technologies
Read more »
Don't compare us to Bafana Bafana‚ says Netball South Africa bossNetball SA (NSA) president Cecilia Molokwana took a playful dig at Bafana Bafana on Tuesday when asked a question about comparing her Proteas team to other sides going to major competitions this year‚ like the SA soccer team.
Read more »