The US private sector added about 177,000 jobs in August, according to figures issued moments ago by the ADP, after adding about 371,000 jobs in the revised July reading, while expectations were for the addition of 194,000 jobs, while the annual wage rate increased by 5.9%. In the details, the commodity production sector added about 23,000 jobs, as the construction...
Figures released in the Asian session this morning, Wednesday, August 30, from the Australian Institute of Statistics (ABS) showed that the consumer price index, which measures inflation in Australia, increased by 4.9% on an annual basis in July, compared to 5.4% in June, which came below expectations that indicated a slowdown by 5.2%, while it rose The main index, from...
The general index of the US dollar is trading at an increase of about 0.24%, at the beginning of the trading session today, Friday, August 25th, in the closing session of the week, at 104.15 levels, in an increase for the second session in a row, after gains of 0.60% yesterday, Thursday, to trade at its highest level since the...
The general US dollar index is trading at its highest level in two months at 103.40, up for the fourth consecutive session since the beginning of the week, benefiting from the high market expectations of continued tightening of monetary policy by the US Federal Reserve after the minutes of its previous meeting yesterday, Wednesday, and the rise in US Treasury...
Australian unemployment rates rose in July to 3.7% from 3.5%, according to figures issued by the Australian Bureau of Statistics (ABS) at the beginning of the Asian session today, Thursday, while expectations were for an increase to 3.6%, with a decrease in the participation rate in the labor market to 66.7% from 66.8%. The Australian economy lost about 14,600 thousand...
The consumer price index in the United Kingdom, which measures inflation, grew by 6.8% in the 12 months ending in July, compared to 7.9% in June, marking the lowest pace of growth since February 2022, according to figures issued by the UK Statistics Office (ONS) moments ago, while expectations were To a slowdown of 6.7%, while inflation rose on a...
The Reserve Bank of New Zealand decided to keep interest rates unchanged at 5.5%, as was expected at the bank's meeting that was held this morning, Wednesday, August 16th, to keep interest levels at their highest levels in 14 years. The interest statement stated that the current level of interest rates limits spending and thus pressures inflation. Accordingly, the committee...
Data from the National Bureau of Statistics in China released this morning showed that the annual consumer price index, which measures inflation, fell by 0.3% in July, compared to 0.0% in June, below expectations, which indicated a decline to 0.4%, to record its first decline since February of the year. 2021, while the main index, excluding food and energy prices,...
The report issued by the United States Bureau of Labor Statistics moments ago showed that 187,000 jobs were added in July, compared to the addition of 209,000 jobs in the June reading, before it was revised to 185,000, to come below market expectations that indicated the creation of 205,000 jobs. On the other hand, the unemployment rate declined to 3.5%...
The Central Bank of England decided to vote on raising interest rates by 25 basis points in its meeting today, issued moments ago, to reach 5.25%, as expected in a vote by a majority of members 6-3, as two members preferred to increase interest rates by 50 basis points, and one member preferred to keep them unchanged. The interest statement...