Bankinter | Cyber Monday online sales total $13.3 billion according to Adobe Analytics, increasing 7.3% against 5.8% in 2023. During the five-day period between Thanksgiving Day and Cyber Monday, online sales totaled $41.1 billion, 8.2% up on the same period last year. On these days, the National Retail Federation (NRF) estimates that total spending (physical + online sales) amounted to $235 billion, showing an increase of 3.5%. For the entire…

BancaMarch: US consumer confidence has improved. The Conference Board index rebounded in November reflecting an improvement in consumer expectations with the aggregate index rising 2.1 points in the month to levels of 111.7. This performance was helped by the executive turnaround in the elections at the beginning of November and by the positive wealth effect that rising stock markets and house prices are having on more affluent US households. In…

Norbolsa | Business activity expanded in November at the fastest pace in over two and a half years when the preliminary PMI reading reached 55.3 (54.3 estimated against 54.1 previously) driven by expectations of a lower interest rate environment and “pro-business” policies from the Trump administration. By sector, the momentum in services (57 versus 55 estimated against 55 previously) was surprising, with the new order readings expanding to levels of…