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...
Bank of Japan and US Labor Market Figures: Key Events This Week Inflation from Australia, the Eurozone, and the United States Have tariffs begun to affect US growth figures? Miscellaneous Economic Data After a week that saw a decline in tensions and uncertainty following optimistic statements from US President Trump, who has become the dominant force in the general markets,...
The US Dollar Index is poised to post weekly gains after four consecutive weeks of declines, trading at 99.40 just hours before the weekly close on Friday, April 25, up 0.85%. Markets overcame Trump's threats to exploit the US Federal Reserve and fire Jerome Powell, as well as the easing of tariff concerns, ignoring the figures released just moments ago...
UK retail sales rose 0.4% in March, compared to a revised 0.7% increase in February, down from a 1% increase. Expectations were for a 0.3% decline. On a quarterly basis, sales rose 1.6% in the first quarter ending in March. In detail, sales volumes in non-food stores, such as clothing and homeware, rose by 1.7%, with clothing sales leading the...
New orders for durable goods rose for the third consecutive month in March, registering the highest growth rate since August of last year, according to a report released just moments ago by the U.S. Census Bureau. Orders rose by $26.6 billion, or 9.2%, to $315.7 billion, compared to a 0.9% increase in February. This figure exceeded market expectations of a...
The German Ifo confidence index, which measures confidence in Germany, rose slightly in April. The index, which is based on a survey of nearly 9,000 companies in Germany, rose to 86.9 points, compared to March's reading of 86.7 points, while expectations were lower at 85.1. In detail, the current situation index rose to 86.4, compared to 85.7 in March, while...
Data released moments ago at the start of the European session today, Wednesday, April 23, showed divergences in most of the services and manufacturing Purchasing Managers' Indexes (PMIs) in the Eurozone and the United Kingdom in the preliminary reading for April. The services PMI fell to its lowest level in five months, reaching 49.7 in April, compared to 51 points...
The Japanese yen is trading at its highest levels against the US dollar in seven months, at 140.50, mid-European trading today, Tuesday, April 22, after testing 139.88 this morning. This comes as a result of the continued decline in the US dollar and the uncertainty surrounding global markets, which has led to a rise in safe-haven currencies, with the Japanese...