News 

Poll: More Americans have confidence in Mueller than Trump

“Eight individuals have pleaded guilty or been convicted in charges related to Mueller’s investigation” writes Matthew Choi for politico.com. Mueller is currently leading an investigation into whether Trump’s campaign colluded with Russian agents interfering in the 2016 presidential election.Respondents were nearly unified, however, on wanting to see the results of the Mueller investigation, with 81 percent responding they believed Mueller’s report should be made public in its entirety. Source: politico.com

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Markets News Regulators 

Public confidence in inflation policy key to containing prices: paper

“Giving people a reason to doubt the central bank’s commitment to maintaining inflation near target is clearly costly.”” reports businessinsider.com. (Reuters) – Keeping the public confident inflation will be contained is key to keeping price rises contained, San Francisco Federal Reserve economists said in a paper on Monday that also suggested the unemployment level is all but irrelevant to the inflation trajectory.The research from the San Francisco Fed, which is viewed as a leader in labor market research, could play importantly into the central bank’s thinking on interest rates.But when…

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News 

Scared of a recession? Watch these 5 signals to stay ahead of the game

“The connected global economy isn’t cheering anyone up either: China’s economy is losing strength, partly because of its trade fight with the US, while Europe is weakening as well” writes Marley Jay for businessinsider.com. And while conditions have calmed down somewhat, investors remain fearful of any signs a recession is drawing near.Just a few months ago confidence hit an 18-year peak, bolstered by high employment and low inflation.It was the latest sign that the market’s late-2018 dive has consumers worried, which might lead them to spend less.When the Bureau of…

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News 

Consumer confidence falls to 18-month low due to government shutdown

“The consumer confidence index fell to 120.2 in this month from 126.6 in December, the privately run Conference Board said Tuesday” writes Jeffry Bartash for marketwatch.com. The numbers: The 35-day partial government shutdown helped triggered a sharp drop in consumer confidence in January and signaled growing worries about the future, a fresh survey shows, though optimism has typically rebounded after similar episodes in the past.Big picture: The U.S. economy is still expanding at a moderate pace despite the recent government shutdown and festering concerns about a weakening global economy.What happened:…

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Markets News 

U.S. consumer morale at one-and-a-half year-low; house price gains slow

“The moderation in house prices, together with an easing in mortgage rates should help support demand and lift the housing market this year after struggling for much of 2018” writes Midwest Communications Inc for 95kqds.com. U.S. Treasury prices rose on the confidence data, while the dollar was little changed against a basket of currencies.The Conference Board’s consumer confidence index dropped 6.4 points to 120.2 this month, the lowest reading since July 2017.Consumers’ views of the labor market over the next six months were less upbeat.It blamed the third straight monthly…

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France January consumer confidence 91 vs 88 expected

“A decent rebound in consumer confidence levels after the yellow vest protests dragged December’s reading to the lowest since November 2014” reports forexlive.com. Nonetheless, INSEE notes that confidence levels remain below their long-term average of 100 points so that pretty much reveals how the market is perceiving conditions in the French and Eurozone economies at the moment. Source: forexlive.com

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Poll: 48% of Americans have no confidence in Trump

“A new poll has found that 48% of Americans have no confidence “at all” in President Trump, who suffered a major political blow when the historic 35-day government shutdown ended last week” writes David Boroff for aol.com. Congress is also drawing the ire of Americans, with 30% of the people polled saying they have no confidence in Republican lawmakers and 29% saying they have no confidence in Democrats.Merely 35% of people surveyed in the ABC News/Washington Post poll said they have confidence in Trump to make the correct decisions for…

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News 

Huawei exec: We’re still confident despite ‘complicated’ business environment

“Despite intense international scrutiny of its technology, Huawei’s senior executives projected confidence at a Thursday event launching some of its 5G products” writes Eunice Yoon for cnbc.com. At a research center in Beijing, the Chinese technology giant unveiled its first 5G chip for base stations — the Tiangang — as well as a 5G modem called the Balong 5000 and the CPE Pro router. Source: cnbc.com

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News Oil 

US oil and gas firms are ready to spend as confidence grows, survey says

“Executives in the U.S. oil and gas industry are said to be much more optimistic about growth in the sector, compared to last year” writes unknown author for cnbc.com. In its annual study, DNV GL, claimed that 85 percent of American executives questioned believed there were reasons to expect an increase in drilling in 2019. U.S. oil and gas executives appeared to be more bullish than the global average of positive voices which DNV GL recorded at 76 percent. Source: cnbc.com

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