The US private sector added about 278,000 jobs in May, according to figures issued moments ago by the ADP, after adding about 291,000 jobs in April, while expectations were for the addition of 173,000 jobs, while the annual wage rate rose by 6.5% from 6.7%. In the details, the commodity production sector added about 110,000 jobs, as the construction sector...
View MoreEstimates by Eurostat, or the European Union's statistical office, showed moments ago that annual inflation in the eurozone slowed down to 6.1% in May in a preliminary reading, compared to 7% in April's reading, which came below expectations that it would rise to 6.3%. In the details, prices in the energy sector fell at an annual pace of 1.7% in...
View MoreCanada's GDP remained unchanged in March at 0.05% after increasing by 0.1% in February, according to data released moments ago by Statistics Canada, better than expectations for a contraction of 0.1%. In the details, the growth in the service-producing industries sector was unchanged at 0.0%, while the commodity-producing industries decreased by 0.1%, and the growth in the accommodation and food...
View MoreFigures issued in the Asian session today, Wednesday, from the Australian Institute of Statistics (ABS) showed that the consumer price index, which measures inflation in Australia, rose by 6.8% on an annual basis in April, compared to 6.3% in March, to come higher than expectations that indicated a rise to 6.4%. On the other hand, the index excluded from it...
View MoreThe US dollar gained for the third week in a row Markets are awaiting US labor market numbers Higher expectations of monetary policy tightening from the Federal Reserve Is the US debt ceiling crisis over? Separate economic data After the meeting of the Reserve Bank of New Zealand, inflation figures from the United Kingdom, the US Federal Reserve report, and...
View MoreData released moments ago by the US Bureau of Economic Analysis showed an increase in US personal income by $1.80 billion in April, or 0.4%. The PCE personal consumption expenditures index, the preferred indicator for measuring inflation for the US Federal Reserve, rose by 0.4% on a monthly basis. On the other hand, the main excluded index rose. of food...
View MoreRetail sales in the UK increased by 0.5% in April, compared to a decline of 1.2% in March, revised from 0.9%, while it was expected to rise by 0.3%. In the details, sales volumes in food stores increased by about 0.7% in April, after a decrease of 0.8% in March, while non-food stores increased by about 1%, after a decrease...
View MoreThe gross domestic product of the United States of America grew in the first quarter of this year, ending in March, in the second reading, according to the report of the Bureau of Economic Analysis, issued just before, by 1.3%, compared to 1.1% in the first reading, and compared to a growth of about 2.6% in the fourth quarter of...
View MoreGermany's gross domestic product, the largest economy in the eurozone, recorded a decline of 0.3% in the first quarter of this year, according to figures from the Federal Bureau of Statistics Destatis, to enter a stage of technical recession after a decline of 0.5% in the fourth quarter of last year. In the details, the household consumption expenditure index decreased...
View MoreCrude prices recorded increases of more than 1.5% in the middle of the trading session today, Wednesday, March 24th, with the opening of the US markets, benefiting from Saudi statements at the beginning of the session, amid anticipation of the official stock numbers later in the day, as Brent crude is trading at levels of $ 78.11 a barrel, an...
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