The Consumer Price Index (CPI), a measure of UK inflation, rose to 3.4% year-on-year in May, according to data released by the Office for National Statistics (ONS) this morning, Wednesday, June 18. This figure follows an 18-month high of 3.5% in April, matching market expectations. On a monthly basis, the CPI rose 0.2% in May, compared to a 0.3% increase...
Data released just moments ago from the US Census Bureau showed a decline in US retail sales in May, worse than market expectations. Sales fell to $715.4 billion, down 0.9% from a 0.1% gain in March, before being revised down to a -0.1% decline (expected -0.5%). They rose 3.3% year-over-year from 5.2% in April. Core sales, excluding autos, fell 0.3%...
The German ZEW Business Confidence Index continued to improve and rise in the June survey, rising by 22.3 points to 47.5, better than the expected 34.8. The June rise came despite a 10-point increase in the assessment of the current economic situation in Germany, the strongest increase since April 2023. In contrast, the eurozone index rose by 23.7 points to...
The Bank of Japan decided at its meeting that concluded this morning, Tuesday, June 17, to keep monetary policy and interest rates unchanged. Members voted unanimously to maintain interest rates at 0.50%, as expected, for the third consecutive meeting. They also decided to slow the pace of bond purchases starting in April of next year. The bank decided to reduce...
The US dollar index continued its decline for the second consecutive session during mid-day trading on Thursday, June 12, losing approximately 0.80% to trade at 97.62, following a 0.40% loss on Wednesday. This represents its lowest level since March 2022, affected by the decline in inflation in May, in addition to the rise in geopolitical tensions in the Middle East...
Preliminary estimates from the UK Office for National Statistics showed that UK GDP fell by 0.3% in April, compared to a 0.2% growth in March, below expectations of a 0.1% decline. This reading is expected to see the UK economy grow by 0.7% in the three months to April. The services sector, which accounts for more than 70% of the...
Data released just moments ago by the U.S. Bureau of Labor Statistics showed that the Consumer Price Index (CPI), a measure of inflation, rose 0.1% in May after rising by about 0.2% in April, below expectations of a 0.2% increase. The core CPI, which excludes food and energy prices, rose 0.1%, compared to 0.2% in March, while expectations were for...
Data from China's National Bureau of Statistics showed early Monday, June 9, that the annual consumer price index (CPI), a measure of inflation, fell for the fourth consecutive month in May, remaining at -0.1%. Expectations were for a decline of around -0.2%. The index has been in negative territory since February, falling by 0.7%, after declining by -0.1% in February,...
The report released by the US Bureau of Labor Statistics just moments ago showed that the US economy added 139,000 jobs in May, compared to 177,000 in March's revised reading, which was better than market expectations of 126,000 jobs added. Conversely, the unemployment rate remained at 4.2% in May, matching expectations, while the labor force participation rate declined to 62.4%...
The European Central Bank decided, at its meeting moments ago today, Thursday, June 5, to cut interest rates by 25 basis points, as expected, to 2.15%, marking the seventh consecutive cut. The bank also announced updated forecasts for growth and inflation. The bank's interest rate statement stated that inflation is approaching the bank's target of 2% over the medium term....