The Reserve Bank of New Zealand and the Bank of Canada lead this week's events Markets await US inflation figures Separate economic data After the meeting of the Reserve Bank of Australia, the American labor market numbers, and the minutes of the Federal Reserve meeting, in addition to some separate figures, issued the events of last week, the financial markets...
The report issued by the US Bureau of Labor Statistics moments ago showed that 209,000 jobs were added in June, compared to the addition of 339,000 jobs in the May reading, which came below market expectations that indicated the creation of 224,000 jobs. On the other hand, the unemployment rate declined to 3.6% from 3.7%, matching expectations, coinciding with the...
The US private sector added about 497,000 jobs in June, according to figures released moments ago by the ADP, after adding about 267,000 jobs in the revised May reading, while expectations were for the addition of 226,000 jobs, while the annual wage rate increased by 6.4%. In the details, the commodity production sector added about 124,000 jobs, as the construction...
The Reserve Bank of Australia decided to keep interest rates at current levels unchanged at 4.10%, as expected at the bank's meeting that took place this morning, Tuesday, July 4, to settle at their highest levels since 2012. The bank's interest statement said it wanted more time to assess the impact of previous increases and future economic prospects. Inflation in...
The Australian Reserve leads this week's events Markets are awaiting US labor market numbers Separate economic data After the statements of US Federal Reserve Chairman Jerome Powell, inflation figures in consumer spending, growth from the United States of America, inflation from Australia and Canada, in addition to some separate numbers, topped the events of last week, the financial markets return...
Data released moments ago by the US Bureau of Economic Analysis showed a rise in US personal income by $2.91 billion in May, an increase of 0.4%. The PCE personal consumption expenditures index, the preferred indicator for measuring inflation for the US Federal Reserve, rose by 0.3% on a monthly basis from 0.4%, in contrast. The main index excluding food...
Estimates by Eurostat, or the statistical office of the European Union, showed a moment ago that annual inflation in the eurozone slowed down to 5.5% in June in a preliminary reading, compared to 6.1% in a reading in May, which came below expectations that indicated a rise to 5.6%. In details, prices in the energy sector declined at an annual...
Figures issued this morning from the third largest economy in the world showed that the core consumer price index, which measures inflation in Japan, which excludes fresh food prices, but includes energy items, increased by 3.2% in May compared to 3.4% in April, but it exceeded expectations that indicated a growth of 3%. 1%. On the other hand, the main...
The Central Bank of England decided to vote on raising interest rates by 50 basis points in its meeting today, issued moments ago, to reach 5%, contrary to expectations that indicated a 25 basis point hike, with a majority of members 7-2, as two members preferred to keep interest rates unchanged. And the interest statement issued by the bank stated...
The Swiss National Bank raised interest levels by 25 basis points, as expected at its second meeting of the current year, which ended moments ago, from 1.50% to reach 1.75%, after raising them by 50 basis points at its first meeting in March, in the bank's endeavor to address persistent inflationary pressures. The bank's interest statement stated that additional interest...