THE DAILY REPORT
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EUR Non-Monetary Policy ECB Meeting
CHF ZEW Survey – Expectation
Major Bloomberg & Reuters News
‘Trump Faces Laughter at UN, Then Unleashes Global Grievance List’
President Donald Trump reasserted his “America First” perspective in his address to the United Nations on Tuesday, chastising regimes in Iran and Venezuela and offering a blunt rejection of the multilateral underpinnings of the very body he addressed.
But the world, in turn, showed a glimpse of what it thinks of the U.S. president. Trump began his speech as if he were at a campaign rally in rural America, ticking off a list of his administration’s domestic accomplishments and statistics about the U.S. economy.
‘U.S. consumer confidence hits 18-year high; house prices slowing’
U.S. consumer confidence surged to an 18-year high in September as households grew more upbeat about the labor market, pointing to sustained strength in the economy despite an increasingly bitter trade dispute between the United States and China.
While other data on Tuesday showed a moderation in house price increases in July, the gains probably remain sufficient to boost household wealth and continue to support consumer spending, as well as making home purchasing a bit more affordable for first-time buyers.
Consumers’ assessment of labor market conditions improved sharply even as the trade war between the United States and China escalated, which economists warned would lead to job losses and higher prices for consumers.
(Times In AEST)
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