Australian unemployment remained unchanged in June at 4.4%, according to figures released by the Australian Bureau of Statistics (ABS) at the start of Asian trading on Thursday, July 23. This figure matched market expectations, coinciding with a rise in the labor force participation rate to 67% from 66.7%. The Australian economy added 76,300 jobs in June, bringing the total number...
The UK's Consumer Price Index (CPI), which measures inflation, rose by 2.6% in May, according to data released by the Office for National Statistics (ONS) on Wednesday morning, July 22. This represents a slowdown from April's 2.8% and falls short of expectations of 2.7% growth. On a monthly basis, the CPI rose by 0.1% in May, following a 0.3% increase...
The ZEW Business Sentiment Index in Germany rose 15.8 points in July, reaching a four-month high of 26.3, compared to a 10.5 increase in June. This exceeded expectations of a 15.1 rise. The July increase coincided with a slight improvement in the assessment of the current economic situation in Germany, which rose to -77.6, up 3.4 points from June. This...
Canada's Consumer Price Index (CPI) rose by approximately 2.8% year-on-year in June, according to figures released moments ago, compared to 3.2% in May. This slowdown was driven by lower gasoline prices, while the core CPI, which excludes gasoline prices, remained unchanged at 2.2%. On a monthly basis, the index fell by 0.4% in June, the largest decline since December 2024,...
Data released by the University of Michigan moments ago showed that the US consumer confidence index for July rose by 10% to its highest level since February, reaching 54.4 points, compared to a revised 49.5 in June. This exceeded expectations, which had anticipated a rise to 51 points. Specifically, the index measuring current economic conditions rose by 15.1% to 54.9...
Data released moments ago by the US Census Bureau showed that US retail sales rose in May, reaching $768.6 billion, an increase of 0.2% after growth of 0.9% in the May reading, matching expectations. Sales were up 6.7% year-over-year compared to June 2025.
Preliminary estimates from the UK's Office for National Statistics show that the UK's gross domestic product (GDP) rose by 0.7% in the three months to May, following growth of 0.8% in the three months to April. On a monthly basis, it grew by 0.1% in May, after falling by 0.1% in April. Expectations were for no change. The services sector,...
The Bank of Canada kept its target overnight interest rate unchanged at 2.25%, as expected, for the sixth consecutive meeting, announced earlier today, Wednesday, July 15. The bank also maintained the interest rate on banks at 2.50% and the interest rate on deposits at 2.20%. The bank's report stated that the Canadian economy is showing signs of improvement and growth...
China's gross domestic product (GDP), the world's second largest economy, grew by approximately 4.3% year-on-year in the second quarter ending in June, according to data released by the National Bureau of Statistics on Wednesday morning, July 15. This compares to 5% growth in the first quarter and falls short of market expectations of 4.5%. It represents the slowest growth rate...
Data released moments ago by the US Bureau of Labor Statistics showed that the Consumer Price Index (CPI), which measures inflation, fell by 0.4% in June, compared to a 0.5% increase in May, missing market expectations. The core CPI, which excludes food and energy prices, remained unchanged at 0.0%, compared to a 0.2% increase in May (expected at 0.2%). Conversely,...