Source: S&P Global Business activity growth in the United States slowed in May, marking the lowest level in four months. QQQ is down 2.92%, while SPY is down 1.76%. The S&P Global US Services PMI Business Activity Index fell to 53.4 in May from 55.6 in April, broadly in line with the earlier estimate of 53.5.The latest reading is the slowest since January, dragged … [Read more...] about US Business Activity Growth Slips to Four-Month Low
US Nonfarm Payroll Growth Slows on Weaker Retail Trade
Source: Bureau of Labor Statistics Nonfarm payrolls in the United States continued to grow in May, albeit at a slower pace, with notable declines recorded in retail trade. EZU is down 1.04%, while VGK is down 1.14%. Total nonfarm payrolls increased by 390,000 last month, lower than the 436,000 in April and the 447,000 in May 2021.The private sector accounted for 333,000, … [Read more...] about US Nonfarm Payroll Growth Slows on Weaker Retail Trade
Eurozone Output Falls to Four-Month Low as Post-Lockdown Recovery Fades
Source: S&P Global Output in the eurozone declined to the lowest level in four months in May, as it was held back by the weak expansion of the services sector. EZU is down 0.95%, while VGK is down 1.05%. The Final Eurozone Composite Output Index stood at 54.8 in May, down from 55.8 in April. This is the slowest growth since January.The Final Eurozone Services Business … [Read more...] about Eurozone Output Falls to Four-Month Low as Post-Lockdown Recovery Fades
Eurozone, EU Retail Trade Volumes Contract in April
Source: Eurostat Retail trade volumes in both the eurozone and the European Union posted a monthly decline in April, led mainly by food, drinks, and tobacco. EZU is down 1.09%, while VGK is up 0.43%. Total retail trade in the eurozone declined by 1.3% from the previous month, following the 0.3% growth in March.The biggest drop was recorded in food, drinks, and tobacco … [Read more...] about Eurozone, EU Retail Trade Volumes Contract in April
US Unemployment Claims Fall for Second Straight Week
Source US Labor Department Jobless claims in the United States continued to drop in the past week, marking the lowest level in the last three weeks. DXY is down 0.57%, while Gold is up 1.11%. Seasonally adjusted initial claims for the week ending May 21 stood at 200,000, 11,000 lower than the previous week’s upward revised 211,000.The four-week moving average was recorded … [Read more...] about US Unemployment Claims Fall for Second Straight Week
