A report issued by Statistics New Zealand in the Asian session showed that the unemployment rate rose to 3.3% in the second quarter ending in June from 3.2% in the first quarter, while expectations indicated a decline to 3.1%. On the other hand, the underemployment rate reached 9.2% from 9.3%, and the employment rate reached 68.5% from 68.6%, while annual...
The Reserve Bank of Australia decided in its meeting this morning, Tuesday, 2nd of August, to raise interest rates by 50 basis points, as expected, for the third time in a row, to reach 1.85% from 1.35%. And the interest statement issued by the bank stated that the bank’s board of directors gives high priority to the return of inflation...
Economic activity in the manufacturing sector in the United States of America grew for the 26th consecutive month in July, according to ISM figures, by 52.8, compared to 53 in the June reading, exceeding expectations that indicated a decline to 52.3, the lowest reading of the index since June 2020. In the divergence of the index, the new orders index...
A quick look at last week's events Australian Bank and Bank of England major events US labor market numbers come back to the fore Miscellaneous data we will follow up A quick look at the main events of the past week By the end of last week , the markets concluded the month of July, which witnessed the meeting of...
Data released moments before by the US Bureau of Economic Analysis showed an increase in US personal income by 133.5 billion dollars in June, an increase of 0.6%, while personal consumption expenditures increased by 181.1 billion dollars by 1.1%. The US Fed's preferred PCE inflation gauge rose 6.8% y/y from 6.3% in May (expectations 6.5%), while the monthly index rose...
Estimates by Eurostat or the Statistical Office of the European Union just before showed that annual inflation in the euro area rose to 8.9% in July in the preliminary reading, compared to 8.6% in the June reading, exceeding expectations that indicated a growth of about 8.7%. The largest contribution to inflation in July came from the energy sector, which rose...
US stocks recorded gains at the close of trading on Thursday, July 29, in the first US market session, after the US Federal Reserve's decision to raise interest rates by 75 basis points, ignoring US growth figures that showed the US economy entered a state of recession. And the gross domestic product of the United States of America recorded a...
The gross domestic product of the United States of America recorded a decline in the second quarter of the current year ending in June in the preliminary reading, according to the report of the Bureau of Economic Analysis issued a while ago, by -0.9, compared to a decline of about -1.6 percent in the first quarter, contrary to expectations that...
The Federal Open Market Committee (FOMC) voted unanimously to raise interest rates by 75 basis points, as expected, for the second time in a row, to reach 2.5%, as expected, in the largest pace of monetary tightening since 1994. The Federal Reserve is seeking to tighten the screws on rising inflation, which reached its highest level in forty years in...
Durable goods orders, according to the US Census Bureau's report issued a few moments ago, grew in June, better than market expectations, with a growth of 1.9%, or 5 billion, to reach $ 272.6 billion on a monthly basis, after a growth of about 0.8% in May, while expectations indicated a decline of 0.5%. . Core orders, excluding transportation, increased...