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Manufacturing sector activity in the US mid-Atlantic region was holding up better than expected in November, the results of a closely-followed survey revealed.
Industrial production in the US bounded ahead last month, led by gains in factory and utilities output, even as softness in the oil patch dragged on mining.
Intermediate Capital Group posted a sharp rise in first half profits amid strong demand for its funds and a recovery in portfolio valuations across the period.
The Covid-19 crisis will leave the global financial system in a fragile state even after the pandemic subsides, the investment chief of Pimco, the giant bond fund, warned.
US consumer dipped unexpectedly at the start of November as Americans reacted to the results of the presidential election and the rising number of Covid-19 cases, a closely-followed revealed.
A top US central bank official sounded a positive note on the economy's ability to adjust to the pandemic, even as he cautioned of the remaining "substantial" downside risks.
The cost of living in the US slipped last month amid sharp declines in the prices of fashion and for medical products and services, alongside muted energy price gains.
The housing market is expected to stay busy for the rest of 2020 before slowing down as the stamp duty holiday draws to a close and the economy remains in trouble, a survey published on Thursday showed.
Investor sentiment in Germany fell sharply in November, a closely-watched survey showed on Tuesday, as fears grow that the country is heading for another recession.
