Data released moments ago by the US Bureau of Economic Analysis showed an increase in US personal income by $131.1 billion in January, or 0.6%, while the PCE index, the favorite indicator for measuring inflation for the US Federal Reserve, stabilized at 0.6% on a monthly basis. On the other hand, the main index rose. Excluded from food and energy...
View MoreThe Japanese Consumer Price Index (CPI) recorded a growth of about 4.2% in January, according to figures announced by the Japanese government this morning, Friday, February 24 in the early hours, compared to 4% in December and less than expectations, which indicated a rise to 4.3%, to record the highest inflation reading since 1981. On the other hand, Ueda, the...
View More. The gross domestic product of the United States of America grew in the fourth and final quarter of last year, which ended in December, in the second reading, according to the Bureau of Economic Analysis report issued just before, by 2.7%, compared to a growth of about 3.2% in the third quarter, and a growth of 2.9% in the...
View MoreCrude prices recorded increases of about 0.50% in the middle of today’s trading session, Thursday, February 23rd, supported by rising expectations of global demand growth, amid anticipation in the market for the official inventory statement, as crude pared its losses after falling at its most daily rate in seven weeks yesterday, Wednesday, with rising expectations of monetary tightening. from the...
View MoreThe US Federal Reserve's minutes of its previous meeting in early February, issued at the end of trading on Wednesday, showed stronger tightening than expectations in monetary policy, as some members preferred to raise interest rates by 50 basis points before everyone agreed on 25 basis points. The members agreed on the need for an additional increase in interest rates,...
View MoreThe Ifo index measuring confidence in Germany rose to 91.1 in February compared to 90.2 in January's revised reading to match expectations. In detail, the current situation index fell to 93.9, while the expectations index rose to 88.5 from 82.0. On the other hand, figures issued by the Federal Bureau of Statistics, Destatis, showed an increase in the CPI inflation...
View MoreThe Reserve Bank of New Zealand raised interest rates by 50 basis points, to reach 4.75% from 4.25%, as expected at the first bank meeting in 2023, which was held this morning, Wednesday, February 22, bringing interest levels to their highest levels in 14 years. And the interest statement stated that the bank is expected to continue to tighten monetary...
View MoreThe New Zealand Reserve Bank is expected to hold its first meeting this year at the Asian session of the session tomorrow, Wednesday, as expectations indicate that the Central Bank of New Zealand will raise interest rates by 50 basis points to 4.75%. The last meeting of the bank at the end of November of last year raised interest rates...
View MoreThe Consumer Price Index (CPI) in Canada grew by about 5.9% in January on an annual basis, according to figures released moments ago, compared to 5.3% in the December reading, better than expectations that indicated a rise to 5.7%, while the main index, excluding gasoline prices, rose to 5%. On an annual basis of 5.4%, better than expectations, which indicated...
View MoreThe services PMI for the eurozone grew by 53 points in February from 50.8, an eight-month high, while the manufacturing index fell to 48.5 from a two-month low of 48.8. The improvement in the service index came after the index rose in France to 52.8 from 49.9 and the index stabilized in Germany at 51.3 while the German manufacturing index...
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