Consumer confidence in USA fell , contrary to expectations. For the forthcoming holidays, that was a shade disappointing.
That implies that consumers are not so sanguine of the future. They prefer to save rather than spend as they feel that future incomes are likely to fall. As that means a withdrawal from spending, demand takes a hit. Corporates are likely to see a miss in targets unless this hesitation is momentary. The consumer should not , hopefully, get into the Japanese mould of waiting for further falls in prices!
With oil glut, Chinese, and European and Latin American worries, markets look set for falls today. Sellers may just about seize the moment. Dollar looks hesitant as Yen, already strengthened by Aussie weakness, might gain. A day of the non-buyers.
That implies that consumers are not so sanguine of the future. They prefer to save rather than spend as they feel that future incomes are likely to fall. As that means a withdrawal from spending, demand takes a hit. Corporates are likely to see a miss in targets unless this hesitation is momentary. The consumer should not , hopefully, get into the Japanese mould of waiting for further falls in prices!
With oil glut, Chinese, and European and Latin American worries, markets look set for falls today. Sellers may just about seize the moment. Dollar looks hesitant as Yen, already strengthened by Aussie weakness, might gain. A day of the non-buyers.
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