Bankinter | According to Adobe Analytics, online sales during the Christmas season will increase by 5.3% to $253.4 billion between November 1 and December 31. This represents a slowdown compared to 8.7% in 2024, although it would only be slightly below the average of 5.7% for the 2022-2024 period. The biggest shopping day will be Cyber Monday, when growth of 6.3% to $14.2 billion is expected. Adobe expects online sales…

Norbolsa | A senior Treasury official has corrected estimates of the cost of the federal government shutdown, determining that it could cost the economy $15 billion per week, rather than per day as Scott Bessent had publicly claimed on two occasions. On the other hand, Bessent, without giving much detail, also stated that the deficit for fiscal year 2025 will be less than the $1.833 trillion published in the previous…

Link Securities | The index measuring US consumer sentiment, compiled by the University of Michigan, fell slightly in its preliminary October reading to 55.0 points from 55.1 points in September, falling below the 55.8 points expected by FactSet consensus analysts. The index remained virtually unchanged from the previous month, as improvements in current personal finances and future business conditions for the coming year were offset by declines in expectations for…

Link Securities | The Department of Commerce reported that the personal consumption expenditure (PCE) index rose 0.3% in the US in August compared to July, a reading that was in line with the consensus of FactSet analysts. In August, goods prices rose 0.1% compared to the previous month (down 0.1% in July), while services prices rose 0.3% (up 0.3% in July). It should be noted that in August, food prices…

Norbolsa | The Trump administration announced yesterday that it was formally implementing the trade agreement with the European Union, confirming that the 15% tariff rate established for cars and components began on 1 August, listing a series of exceptions for generic pharmaceuticals, aircraft and aircraft components.

Alphavalue/ Divacons | Donald Trump has introduced a £100,000 fee for new H-1B visa applications, which are the visas used by tech companies to recruit talent from countries such as India and China. The White House clarified that it will only apply to new applicants, not renewals, and that it will be a one-time payment, not an annual one. This dispelled doubts among companies. Even so, it is a measure…

Bankinter | The Empire State manufacturing activity index disappointed in September, entering negative territory. The indicator stood at -8.7 versus 5.0 expected and 11.9 previously. Analysis team’s view: The indicator, which surveys nearly 200 executives in the manufacturing industry in New York State, weakened due to a significant drop in demand. The components of New Orders (negative 19.6 versus 15.4 previously) and Shipments (negative 17.3 versus 12.2 previously) fell the…