The report released by the US Bureau of Labor Statistics just moments ago showed that the US economy added 177,000 jobs in April, compared to 185,000 in March, which was revised down from 228,000. This was better than market expectations of 137,000 jobs added. Conversely, the unemployment rate remained at 4.2% in April, matching expectations, while the labor force participation...
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 2.2% in April, matching the March reading and exceeding expectations of 2.1%. The largest contribution to inflation in April came from the services sector, which rose at an annual rate of 3.9%, up from 3.5%...
Crude oil prices fell more than 2% in mid-European trading today, Thursday, May 1, marking the fourth session of declines after reports indicated that Saudi Arabia may announce another production increase in June. Brent crude fell by about 2.19%, trading at $59.61 per barrel, while US crude (NYMEX) traded at $56.83 per barrel, down about 2.37%. A Bloomberg report indicated...
The Bank of Japan decided at its meeting that concluded this morning, Thursday, May 1, to keep monetary policy and interest rates unchanged. Members voted unanimously to keep interest rates at 0.50%, as expected, for the second consecutive meeting, following a hike in the December meeting. The Bank of Japan's quarterly forecast report, issued every three months, showed the bank...
Data released just moments ago from the U.S. Bureau of Economic Analysis showed that U.S. personal income rose by $116.8 billion in March, up 0.5% from 0.8% in February. The Personal Consumption Expenditures (PCE) Index, the Federal Reserve's preferred measure of inflation, rose by 0.7% to $134.5 billion, compared to February's reading of 0.4%. The PCE, which excludes food and...
US gross domestic product (GDP) fell to 0.3% in the first quarter of this year, ending in March, according to a report released by the Bureau of Economic Analysis. This compares to a 2.4% growth in the fourth quarter of last year, falling short of expectations of a 0.2% growth in the first quarter, reflecting the impact of tariffs on...
The US private sector added only about 62,000 jobs in April, according to figures released just moments ago by ADP, after adding about 155,000 jobs in March, which was revised down to 147,000. Expectations were for an increase of 114,000 jobs, while wages rose by 4.5%. In detail, the manufacturing sector added about 4,000 jobs, the construction sector added about...
Figures released this morning, Wednesday, April 30, during the Asian session, from the Australian Institute of Statistics (ABS) showed that consumer price inflation rose by 2.4% year-on-year in March, matching February's reading. Expectations were for a 2.3% increase, remaining at its lowest level in four years. The core index, which excludes sharp changes in consumer goods and services prices, grew...
Crude oil prices fell by more than 1% in mid-European trading today, Tuesday, April 29. This is the second consecutive session of declines, after losing nearly 1.5% in the opening session of the week yesterday, Monday. This comes amidst the lack of clarity regarding trade negotiations, ongoing tensions, and investors lowering their expectations for oil demand growth amid anticipation of...
The three major US stock indices recorded mixed results at the close of trading on Monday, April 29. After fluctuations during the session, ranging from positive to negative, the Dow Jones Industrial Average closed with gains, while the technology sector index, the Nasdaq, closed with slight losses. Markets awaited corporate and financial results, led by tech giants. With no economic...