The Bank of Japan decided at its meeting that concluded this morning, Thursday, May 1, to keep monetary policy and interest rates unchanged. Members voted unanimously to keep interest rates at 0.50%, as expected, for the second consecutive meeting, following a hike in the December meeting. The Bank of Japan's quarterly forecast report, issued every three months, showed the bank...
Data released just moments ago from the U.S. Bureau of Economic Analysis showed that U.S. personal income rose by $116.8 billion in March, up 0.5% from 0.8% in February. The Personal Consumption Expenditures (PCE) Index, the Federal Reserve's preferred measure of inflation, rose by 0.7% to $134.5 billion, compared to February's reading of 0.4%. The PCE, which excludes food and...
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...
Crude oil prices fell by more than 1% in mid-European trading today, Tuesday, April 29. This is the second consecutive session of declines, after losing nearly 1.5% in the opening session of the week yesterday, Monday. This comes amidst the lack of clarity regarding trade negotiations, ongoing tensions, and investors lowering their expectations for oil demand growth amid anticipation of...
The three major US stock indices recorded mixed results at the close of trading on Monday, April 29. After fluctuations during the session, ranging from positive to negative, the Dow Jones Industrial Average closed with gains, while the technology sector index, the Nasdaq, closed with slight losses. Markets awaited corporate and financial results, led by tech giants. With no economic...
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...
Asian markets recorded gains at the close of trading on Friday, April 25, in the closing session of the week, supported by Wall Street's gains for the third consecutive session. The gains were supported by the technology sector following better-than-expected results from Alphabet, software company ServiceNow, and its artificial intelligence-powered products, in addition to statements from US Federal Reserve members...