Source: IHS Markit US manufacturing activity slowed to a 12-month low in December, but there are signals that labor and material supply shortages at factories are starting to ease. DXY down -0.16%, EUR USD up +0.13% IHS Markit’s flash manufacturing PMI dropped to 57.8 in mid-December from 58.3 in November. That was the lowest since December last year.Manufacturing remains … [Read more...] about US Manufacturing PMI Fell to 57.8 in Mid-December
US Jobless Claims Return to 200,000 Level
Source: US Labor Department American unemployment claims grew back to the 200,000 level in the past week, following the 52-year low recorded in the past seven days. DXY is down 0.47%, while Gold is up 1.13%. Seasonally adjusted initial claims for the week ending December 11 came in at 206,000, up 18,000 from the previous week.The previous week’s level was upgraded by … [Read more...] about US Jobless Claims Return to 200,000 Level
England Hikes Interest Rate in Surprise Move
Source: Bank of England The Bank of England (BOE) on Thursday decided to hike key interest rates, citing the underlying inflation pressures amid concerns of the Omicron COVID-19 variant. The Monetary Policy Committee chose to increase the Bank Rate to 0.25% from 0.1%, with the only dissent coming from external member Silvana Tenreyro.The move came as a surprise, making … [Read more...] about England Hikes Interest Rate in Surprise Move
UK Private Sector Growth Slips to 10-Month Low in December
Source: IHS Markit The United Kingdom’s private sector growth decelerated to a 10-month in December, as consumer spending was dragged by concerns on the COVID-19 Omicron variant. EWU is up 0.64%. The seasonally adjusted IHS Markit / CIPS Flash UK Composite Output Index declined to a 10-month low of 53.2 in December from 57.6 in November.Output growth posted a steep … [Read more...] about UK Private Sector Growth Slips to 10-Month Low in December
Eurozone Ends 2021 With Nine-Month Low Economic Growth
Source: IHS Markit The Eurozone economic growth slowed to a nine-month low in December, dragged by the increase in COVID-19 infection rates in the service sector activity. EZU is up 0.35%. The headline IHS Markit Eurozone Composite PMI declined by two points to 53.4 in December. This is the lowest since March, following the 55.4 in November.The latest figure brought the … [Read more...] about Eurozone Ends 2021 With Nine-Month Low Economic Growth
