Wells Fargo CEO Charlie Scharf says financial market volatility remains disconnected from solid real economy fundamentals, as consumers continue spending despite 20-30% higher fuel costs amid Middle East tensions and oil price surges, though markets reflect anxiety not yet visible in broader economic data.
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Wells Fargo CEO - 'Markets Are Anxious, But Disconnected From Real Economy'
Wells Fargo CEO Charlie Scharf says financial market volatility remains disconnected from solid real economy fundamentals, as consumers continue spending despite 20-30% higher fuel costs amid Middle East tensions and oil price surges, though markets reflect anxiety not yet visible in broader economic data.
Petrol and diesel prices fall across Australia as Labor’s fuel excise cut takes effect
Adelaide has the biggest price decline, with unleaded down 24.9 cents and diesel down 21.3 cents
Americans struggle as Iran war puts strain on everyday costs: ‘I’m worried we won’t make it through’
Following the US-Israeli strikes on Iran, gas prices, grocery bills and mortgage rates have all climbed
An ascent in the price of used condos in central Tokyo appears to be stalling, as the government takes steps to tame surging housing costs, and inflation and rising interest rates sap investor demand for real estate.
https://www.japantimes.co.jp/business/2026/03/24/economy/tokyo-used-condo-prices/?utm_medium=Social&utm_source=mastodon #business #economy #realestate #inflation #housing #consumerspending
Used Tokyo condo price gains stalling as policies drag on demand
Average contract prices for used condos in bay-side neighborhoods such as Toyosu and Kachidoki decreased 0.6% in January from December, marking the first decline in five months.
Bleak economic data shows UK plc in trouble well before the Middle East crisis
Zero GDP growth in January will not help Rachel Reeves claim her policies have put UK in a stronger position to weather oil price storm
Japan's household spending unexpectedly contracted 1.0% year-on-year in January, marking the second consecutive monthly decline and missing economist forecasts of a 2.5% increase, while the yen weakened to 157.870 against the dollar amid concerns over domestic consumption weakness.
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Japan's January Household Spending Falls 1.0% YoY, Missing Estimates
Japan's household spending unexpectedly contracted 1.0% year-on-year in January, marking the second consecutive monthly decline and missing economist forecasts of a 2.5% increase, while the yen weakened to 157.870 against the dollar amid concerns over domestic consumption weakness.
U.S. January retail sales declined 0.2%, beating market forecasts of a 0.3% drop, while core retail sales rose 0.3%, exceeding expectations and signaling resilient underlying consumer demand despite year-end base effects.
#YonhapInfomax #RetailSales #CoreRetailSales #USCommerceDepartment #ConsumerSpending #GDP #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=108549
US January Retail Sales Fall 0.2%, Beating Market Expectations (Update)
U.S. January retail sales declined 0.2%, beating market forecasts of a 0.3% drop, while core retail sales rose 0.3%, exceeding expectations and signaling resilient underlying consumer demand despite year-end base effects.
US January Retail Sales Fall 0.2%, Missing Market Forecast of 0.3% Decline
US retail sales declined 0.2% in January, slightly better than market expectations of a 0.3% drop, signaling modest consumer spending weakness
German January Retail Sales Fall 0.9% MoM, Missing Expectations
Germany's retail sales decline 0.9% month-on-month in January, falling short of market forecasts and signaling weaker consumer spending momentum in Europe's largest economy
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