U.S. retail sales exceeded expectations in July, rising by 1.0% following a downwardly revised 0.2% decline in June, according to the Commerce Department’s Census Bureau.
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Global financial markets experienced renewed volatility this week, driven by concerns over a potential U.S. recession, which many consider premature.
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Global equity markets fell last week amid growing concerns about a slowing US economy.
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Data released Friday morning showed the Personal Consumption Expenditures price index, the US Federal Reserve’s preferred measure of underlying US inflation, slowing to 2.5% from a year ago in June, matching estimates from economists polled by Dow Jones.
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The major U.S. indexes ended mixed this week, while small-cap and value stocks benefited from a large-scale rotation out of large-cap growth ones.
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In June, US consumer prices fell for the first time in four years due to lower gasoline prices and moderating rents, signalling disinflationary pressures.
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Sir Keir Starmer’s Labour Party won a resounding victory in the UK’s general election, ending 14-years of turbulent Conservative rule.
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The wildebeest, also known as the gnu (pronounced “NOO”), is often referred to in the South African wildlife community as a “spare parts animal”.
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U.S. markets recorded modest gains last week despite a shortened trading session due to the Juneteenth holiday closure.
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Throughout Friday, the ANC/DA/IFP Government of National Unity (GNU) secured control of the country’s key legislatures.
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