After the worst December for stocks in decades, global equity markets bounced back in January. In December, the S&P 500 fell 9.18% (its worst December since 1931) and entered bear market territory. Since Christmas, the S&P 500 has risen over 15% with a 7.9% jump in January alone, its best January performance since 1987.
Seasonally adjusted GDP rose by 0.2% in the Euro area or Eurozone (EA) and by 0.3% in the European Union (EU) during Q4 2018, compared with Q3 2018.
22 out of the 28 Member States of the European Union (EU) currently have national minimum wages. The 6 countries in the EU that do not currently have any minimum wage level set are Denmark, Italy, Cyprus, Austria, Finland and Sweden.
Chart 1: E-Commerce Retail Sales as a Percent of Total Sales
E-Commerce retail sales are now 9.8% of total retail sales (at the end of Q3 2018). Amazon is estimated to be 50% of all E-Commerce sales in the U.S. which would mean Amazon accounts for around 5% (or $1 in every $20 spent) of all retail sales in the U.S.
We answered the question whether bad loans were really increasing for banks in the United States at the end of December. We look at Delinquency and Charge-off rates across banks for United States across different products in this post.
Here are insights into the spending habits of UK households by region and type of spending based on living costs and food survey of the Office for National Statistics.
Average weekly household expenditure in the UK was £572.60 in the financial year ending 2018; the highest weekly spend since the financial year ending 2005, after adjusting for inflation.
One big impact of the U.S. tax cut for corporations has been that corporate taxes now just contribute 8.3% of all U.S. federal taxes. As import tariffs rise, custom duties have been rising at a staggering rate, and tariffs on imported goods together with taxes levied at production now contribute 8.1% of all U.S. federal taxes. Taxes paid by individuals contribute the vast majority or 82.3% of all U.S. federal taxes.
In September last year we wrote why wages weren’t rising despite record employment and labour shortages and earlier this month we wrote that U.S. Corporate profits have been growing well and have hit a record high. We explore another angle, total wages (wages including bonuses and overtime – all before taxes) to the corporate profits (before taxes) ratio.
We wrote about population percentage for each country by age last year. Here’s a map of population percentage for age 65 and above:
Japan has the highest percentage of over 65s at 26.56%. The other countries that make the top 25 countries for over 65s population are Italy, Germany, Portugal, Finland, Bulgaria, Greece, Sweden, Denmark, France, Croatia, Spain, Estonia, Austria, Malta, Lithuania, Czech Republic, Slovenia, Belgium, Netherlands, United Kingdom, Switzerland and Hungary all of which are in Europe.
The Federal Reserve increased the target for the bank’s benchmark rate by 0.25% (to a range of 2.25% to 2.5%) at the end of December, the ninth rate rise since 2015. Rising benchmark interest rates are having little impact on mortgage and saving rates or interest margin of banks.
Interest Margin of Banks in the United States stood at 3.33% at the end of Q3 2018, up just 0.03% from Q2 2018 (3.3%) and up just 0.18% from Q3 2017 (3.15%).