The US Bureau of Labor Statistics released a report moments ago showing that the US economy added 130,000 jobs in the delayed January figure, compared to 48,000 jobs added in December. This figure fell short of expectations, which had anticipated 66,000 new jobs. Meanwhile, the unemployment rate declined slightly in January, falling 0.01 percentage points to 4.3% from 4.4%...
Data released by China's National Bureau of Statistics on February 11 showed that the annual Consumer Price Index (CPI), a key measure of inflation, rose 0.2% year-on-year in January, down from 0.8% in December. This fell short of market expectations of 0.4% growth and marked the lowest reading in three months, following December's three-year high. The CPI remained unchanged at...
Data released moments ago by the US Census Bureau shows that US retail sales remained flat in December, showing no change and falling short of expectations. Sales reached $735.0 billion, following a 0.6% increase in November (compared to expectations of 0.4%). Year-over-year, sales rose 2.4% compared to December 2024. Core sales, excluding autos, also showed no growth in December, compared...
Cryptocurrencies resumed their decline at the start of trading on Monday, February 9th, continuing the sharp sell-off that began last week before rebounding towards the end of Friday. Bitcoin recovered to the $70,000 level after hitting its lowest point since October 2024 at $59,000, rebounding 10%. However, the decline resumed at the start of the week, with expectations that the...
Data released by the University of Michigan moments ago showed that the US Consumer Confidence Index for February rose 1.7% to 57.3 points, compared to a revised 56.4 in January. This exceeded expectations, which had anticipated a rise to 55 points. Specifically, the index measuring current economic conditions rose 5.2% to 58.3 points, while the expectations index fell to 56.6....
Data released earlier today from the Canadian economy showed a decline in employment of 25,000 jobs in January, following an increase of nearly 8,000 jobs in December. This falls short of expectations, which had anticipated an increase of approximately 6,800 jobs. Conversely, the unemployment rate fell by 0.3 percentage points to 6.8%, driven by a decrease in the number of...
At its meeting earlier today, Thursday, February 5th, the ECB decided to maintain its three key interest rates at their current levels: the deposit rate at 2%, the main refinancing operation rate at 2.15%, and the lending facility at 2.40%. This marks the fifth consecutive meeting where the ECB has kept its rates unchanged. In its interest rate statement, the...
The Bank of England, by a vote of 5-4, decided to maintain its monetary policy and keep interest rates unchanged at 3.75%, as expected, at its meeting earlier today, Thursday, February 5th. Four members voted for a 25 basis point reduction in interest rates. The Bank's interest rate report stated that although consumer price inflation has exceeded the target of...
The US private sector added approximately 22,000 jobs in January, according to figures released moments ago by the ADP, following a revised figure of approximately 37,000 jobs added in December. This fell short of expectations, which had anticipated an increase of 46,000 jobs. Average wages rose by 4.5% year-over-year. In detail, the construction sector added approximately 9,000 jobs, while the...
Eurostat, the European Union's statistical office, released figures moments ago showing that annual inflation in the eurozone rose to 1.7% in January in the preliminary reading, compared to 2.0% in December before being revised down to 1.9%, falling short of market expectations. The largest contribution to inflation in September came from the services sector, rising to 3.2% from 3.4% in...