Stock Market

Investors look for consumer pressure ahead of next tariffs

   Download Android App    Share in      FullScreen   CheckVideos

Investors look for consumer pressure ahead of next tariffs - The TheIndianSubcontinentNever miss a great news story!Get instant notifications from TheIndianSubcontinentAllowNot nowYou can switch off notifications anytime using browser settings.NewsStock Analysis, IPO, Mutual Funds, Bonds - MoreInvestors and analysts are anxious about the impact of Trump’s planned 10% tariff on the remaining $300 billion in Chinese imports.Reuters|Aug 12, 2019, 09.41 AM ISTAFPJuly retail sales data is due out on Thursday.

Excluding autos, sales are expected to have grown 0.3% compared with 0.4% in June, according to a Reuters poll.

As President Donald Trump prepares to slap new tariffs on Chinese imports, investors are bracing for signs of pressure on US consumers as top retailers begin reporting quarterly results next week and key consumer sentiment and retail sales data is released. Investors and analysts are anxious about the impact of Trump’s planned 10% tariff on the remaining $300 billion in Chinese imports, which will largely affect consumer goods, unlike the previous round that fell heavily on industrial and business products.

That could be a double-whammy for the US economy, which is about 70% driven by consumers, and retailers. July retail sales data is due out on Thursday.

Excluding autos, sales are expected to have grown 0.3% compared with 0.4% in June, according to a Reuters poll.

On Friday, the University of Michigan’s preliminary August reading of consumer sentiment is expected to show a slip to 97.7 from 98.4 in July. Commenting feature is disabled in your country/region.Browse CompaniesABCDEFGHIJKLMNOPQRSTUVWXYZ|123456789To see your saved stories, click on link hightlighted in bold




Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021

Buy Our Merchandise (Peace Series)

 

Contribute US to Start Broadcasting


It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.

Debit/Credit/UPI

UPI/Debit/Credit

Paytm

STRIPE

Details
Category: Stock Market


21