According to CNBC, the US Department of Commerce stated that retail spending was “adjusted for seasonality but not inflation”. This performance was, however, better than the April 2024 0.2% drop. Compared to the retail spending a year ago, the latest was up by 2.3%. Fuel spending dipped by 2.2%, but the 2.8% hike recorded by…
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What to watch National Grid: Compared to the wider market of London-listed stocks, it has been smooth sailing for National Grid in 2020 so far. The firm’s share price is close to breakeven for the year, and has essentially been flat for months. National Grid reports its latest set of quarterly earnings on Thursday. Currently,…
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What to watch Abbott Laboratories: Medical giant Abbott Laboratories announced this week that it is launching its third coronavirus test, and that it could be screening up to 20 million people for Covid-19 antibodies by June. While its previous two tests can show whether a person currently has the disease, the new test will show…
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The following article was prepared for LeapRate by the ATFX analysts team. Markets are awaiting the release of the monthly change in the US retail sales, which is one of the most important periodic economic reports in the United States, It is also considered a reliable measure of inflationary pressures, Although the retail sales data…
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