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12.11.2019 23:33

U.S. small business confidence remains solid – Wells Fargo

Data released today showed the Small Business Optimism Index rose modestly to 102.4 and analysts at Well Fargo note the index remains close to its cycle high and noted most key components rose, including capital spending plans and hiring plans. 

  • “Small business owners continue to express a high degree of confidence in overall economic conditions and the outlook for their business.
  • Relief that a truce in the trade war may be at hand is likely boosting confidence.
  • Small business owners today are also more upbeat about capital spending than larger businesses are, a finding we saw in our own small business survey.
  • Hiring plans inched one point higher to 18% but remains off its recent high. Firms are having a tough time filling openings.”


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Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
Session Financial Centres UTC/GMT
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Pacific Wellington 19:00 04:00 22:00 07:00 22:00 07:00
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Sydney 21:00 06:00 00:00 09:00 00:00 09:00
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Asian Tokyo 23:00 08:00 02:00 11:00 02:00 11:00
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Hong Kong, Singapore 00:00 09:00 03:00 12:00 03:00 12:00
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European Frankfurt, Zurich, Paris 06:00 15:00 09:00 18:00 9:00 18:00
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London 07:00 16:00 10:00 19:00 10:00 19:00
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American New York 12:00 21:00 15:00 00:00 15:00 00:00
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Chicago 13:00 22:00 16:00 01:00 16:00 01:00