NY to ZH – the daily reporting from New York at the start of the US stock exchange.
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Presented by Swissquote
The global economy remains on the road to recovery. The Chinese economy grew 4.9 percent in the third quarter, with industrial and retail sales robust in September. In the US, consumer confidence was robust last week, with retail data also solid. Fedex and UPS are warning retailers that capacities for the Christmas season are almost completely exhausted. Due to the high demand, there is a risk of delivery bottlenecks averaging seven million parcels a day between Thanksgiving and Christmas. Apple Insider also reports that pre-orders for the iPhone 12 and iPhone 12 Pro models are above expectations.
