Source: Bureau of Labor Statistics Consumer prices in the United States continued to climb in May to mark the fastest pace in over 40 years. QQQ is down 1.86%, and SPY is down 1.58% premarket. Annual inflation clocked in at 8.6% in May, marking the biggest increase since December 1986.Annual core inflation stood at 6.0%, while monthly core inflation was 0.6%, unchanged … [Read more...] about US Inflation Accelerates to 40-Year High
Forex News
Matador Resources Plans to Double Dividend Payouts
Source: Matador Resources American energy firm Matador Resources Company has amended its dividend policy to double its prior scheme starting in the third quarter. MTDR and IJH are flat premarket. Matador is planning to pay a quarterly cash dividend of $0.10 per share on its common stock, double the $0.05 per share, which started in October 2021.The increased dividends are … [Read more...] about Matador Resources Plans to Double Dividend Payouts
ECB Sees Rate Hikes in July and September as Faster Inflation Seen
Source: European Central Bank The decision-making body of the European Central Bank is set to tighten monetary policy further, given the continuous uptick in inflation. EZU is down 1.76%, and VGK is down 0.07% premarket. The Governing Council is looking at hiking the key ECB interest rates by 25 basis points during its policy meeting in July.Another rate is expected in … [Read more...] about ECB Sees Rate Hikes in July and September as Faster Inflation Seen
China’s Exports Jump by 3.9% in April on Easing COVID Restrictions
Source: National Bureau of Statistics of China China’s exports expanded at a double-digit rate in May, surpassing estimates in a positive sign for the economy as factories restarted. CSI 300 Index down -1.05%, CNYUSD up +0.15% Imports rose for the first time in three months, providing economic relief to Chinese policymakers as they try to move out of the supply-side shock … [Read more...] about China’s Exports Jump by 3.9% in April on Easing COVID Restrictions
UK Construction Growth Falls to Four-Month Low
Source: S&P Global Construction work grew at a softer pace in May, marking the lowest reading in four months. EZU is down 0.92%, while VGK is down 0.91%. The S&P Global / CIPS UK Construction Purchasing Managers’ Index was recorded at 56.4 in May after the 53.8 in April, the lowest in four months.The house building sub-sector index fell to 50.7 from 53.8 in April, … [Read more...] about UK Construction Growth Falls to Four-Month Low
