05/06/2025
5 June، 2025
The European Central Bank decided, at its meeting moments ago today, Thursday, June 5, to cut interest rates by 25 basis points, as expected, to 2.15%, marking the seventh consecutive cut. The bank also announced updated forecasts for growth and inflation. The bank's interest rate statement stated that inflation is approaching the bank's target of 2% over the medium term....
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4 June، 2025
The Bank of Canada kept its interest rate at 2.75%, as expected, for the second consecutive meeting at its recently concluded meeting. The bank noted that despite the reduction in various tariffs since the April monetary policy report and the ongoing trade negotiations, tariffs remain significantly higher than at the beginning of the year, the threat of new trade measures...
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4 June، 2025
The US private sector added only about 37,000 jobs in May, according to figures released just moments ago by ADP, after adding about 62,000 jobs in April's reading, which was revised down to 60,000. Expectations were for an addition of 111,000 jobs, bringing the employment rate in May to its lowest level since March 2023. Wage growth remained unchanged in...
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4 June، 2025
The Australian economy recorded GDP growth in the first quarter ending in March, according to Australian Bureau of Statistics (ABS) estimates released Wednesday morning. This growth was estimated at 1.3% year-on-year, unchanged from the fourth quarter of last year, falling short of market expectations of a 1.5% increase. The economy expanded by 0.2% quarter-on-quarter in the first quarter, compared to...
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3 June، 2025
Eurostat, the statistical office of the European Union, released preliminary estimates just a few moments ago showing that annual inflation in the eurozone rose to 1.9% in May, down from April's 2.2% and below expectations of 2.0%. The largest contribution to inflation in May came from the food, alcohol, and tobacco sector, which rose at an annual rate of 3.3%,...
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3 June، 2025
Asian markets closed lower on Tuesday, June 3, with Japanese indices posting declines, weighed down by a decline in Japanese government bond yields, while the Hang Seng Index led gains in Chinese markets. Bank of Japan Governor Ueda indicated in his remarks to parliament this morning that the central bank will raise interest rates after being convinced that economic and...
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2 June، 2025
The US Institute for Supply Management (ISM) manufacturing survey showed growth in economic activity in the manufacturing sector fell below market expectations in May, declining for the third consecutive month to 48.5, down 0.2 points from April's reading of 48.7 and below market expectations of a rise to 49.3. In detail, the new orders index contracted for the fourth consecutive...
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30 May، 2025
Data released just moments ago from the U.S. Bureau of Economic Analysis showed that U.S. personal income rose by $210.1 billion in April, up 0.8% from 0.5% in March. The Personal Consumption Expenditures (PCE) Index, the Federal Reserve's preferred inflation measure, rose by 0.2% to $47.8 billion, compared to March's reading of 0.7%. The PCE rose by 2.1% year-over-year, compared...
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30 May، 2025
Australian retail sales fell 0.1% month-on-month in April, according to data released Thursday morning by the Australian Bureau of Statistics, to $37,208.4 million. This fell short of expectations for a 0.3% increase, while the index rose 3.8% year-on-year. In detail, food retail trade fell by about 0.3% to $38.3 million in April, while clothing, footwear, and accessories trade declined by...
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29 May، 2025
The minutes of the US Federal Reserve's two-week meeting, May 6-7, released at the end of trading on Wednesday, showed that many Fed members were concerned about the impact of tariffs on inflation and the rising likelihood of a recession. The US Federal Reserve held interest rates steady at its last meeting for the third consecutive time, with risks of...
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