US tariffs expected to weaken $ as GDP growth slows: Goldman Sachs

US trade policy changes are significantly affecting the US dollar, Goldman Sachs Research said.
The rise in trade tensions and other uncertainty-raising policies are eroding confidence, it noted.
Changing perceptions of US governance and institutions, tariff announcements and a more aggressive stance toward historical allies are affecting the appeal of US assets for foreign investors, it noted.Read More

21.04.2025Comments Off
Euro area’s real GDP to slow to 0.8% in 2025: The Conference Board

The Conference Board has projected the euro area’s real GDP to slow to 0.8 per cent in 2025 amid the impact of new US tariffs and the high level of uncertainty.
Its leading economic index for the zone fell by 0.4 per cent in March to 96.8, after a 0.3-per cent drop in February.
Its coincident economic index was unchanged for the zone in March at 109.4, following a rise of 0.2 per cent in February.Read More

21.04.2025Comments Off
US clothing & accessories spending slumps 3.9% in early 2025: Earnest

US consumer spending at clothing and accessories stores fell 3.9 per cent YoY from January 1 to March 23, 2025, as per Earnest data.
March saw the sharpest monthly decline since November 2024, driven by weaker credit card use.
Debit card spending outpaced credit, led by younger shoppers.
Basket sizes dropped to $122. Spending rose in Hawaii, Louisiana, and Ohio but declined in most states.Read More

21.04.2025Comments Off