Source: Markit Economics The manufacturing sector in the United States continued to grow in April, reaching the fastest growth in nine months. QQQ is up 1.12%, while SPY is up 0.67%. The S&P Global US Manufacturing PMI stood at 59.2 in April, up from 58.8 in March. This is the third straight month of growth and the biggest jump since September.Growth was driven mainly … [Read more...] about US Manufacturing Growth Carves Nine-Month High
Eurozone Manufacturing Growth Slips to 15-Month Low
Source: Markit Economics Manufacturing growth in the eurozone declined to a 15-month low in April, dragged by supply-chain issues and the continuous acceleration of inflation. EZU is up 0.32%, while VGK is flat premarket. The Final Eurozone Manufacturing PMI at 55.5, the lowest level in 15 months. This follows the 56.5 in March.The Final Eurozone Manufacturing Output … [Read more...] about Eurozone Manufacturing Growth Slips to 15-Month Low
Economic Sentiment Falls by 1.7 Points in the EU and Euro Area in April
Source: European Commission The Economic Sentiment Indicator was recorded at 104.9 in the EU and 105.0 in the euro area in April, a decline of 1.7 points in both regions. DAX is down -0.74%, EURUSD is down -0.14%. Confidence worsened in industry, with a fall of 0.8 points, retail trade with a decline of 2.0 points, while construction confidence fell by 1.8 … [Read more...] about Economic Sentiment Falls by 1.7 Points in the EU and Euro Area in April
How Cryptocurrencies Gain Value – Crypto Trading Fundamentals
Cryptocurrencies are digital, virtual, and alternative currencies to the ones we've used for centuries. Cryptocurrencies, unlike electronic currencies, government-issued and banking institutions, are decentralized. The control of this decentralized structure is also carried out by blockchain transaction databases. The rapid expansion of its market has … [Read more...] about How Cryptocurrencies Gain Value – Crypto Trading Fundamentals
US Personal Spending Growth Quickens as Prices Climb Faster
Source: Bureau of Economic Analysis Personal spending growth in the United States rebounded in March, in line with the acceleration of the growth of prices during the period. QQQ is down 1.97%, while SPY is down 1.63%. Personal spending posted a monthly increase of 1.1% in March, faster than the 0.6% in February but lower than the 2.0% in the first month of the … [Read more...] about US Personal Spending Growth Quickens as Prices Climb Faster
