Source: Bureau of Economic Analysis The United States’ international trade deficit narrowed in April, as the country posted higher exports while cutting back imports. QQQ is up 0.69%, while SPY is up 0.39%. The goods and services deficit stood at $87.1 billion in April, $20.6 billion lower than the $107.7-billion deficit recorded in March.The latest reading reflects the … [Read more...] about US Trade Deficit Narrows as Exports Climb While Imports Decline
Forex News
Eurozone Investor Confidence Improves, But Stays in Negative Territory
Source: Sentix Investor confidence in the eurozone posted an improvement in June, but remained in negative territory for the fourth straight month. EZU is down 0.95%, while VGK is down 0.77%. The sentix Economic Index stood at -15.8 in June, reflecting a 7-point improvement from -22.6 in May.The latest reading is the first increase seen after the declines recorded in May, … [Read more...] about Eurozone Investor Confidence Improves, But Stays in Negative Territory
Europe Construction Activity Enters the Contraction Zone in May
Source: S&P Global Construction activity weakened in the eurozone in May, with an index of 49.2, signaling contraction and down from 50.4 in April. The fall in activity was the fastest in fifteen months. DAX is down -1.16%, EURUSD is down -0.36%. The decline in construction activity was connected to higher material prices and supply-chain bottlenecks that affected … [Read more...] about Europe Construction Activity Enters the Contraction Zone in May
UK Business Output Growth Falls to 15-Month Low
Source: S&P Global Business activity in the United Kingdom slowed for the second straight month in May, marking the weakest expansion in 15 months. EWU was up 0.42%, after hours, while EZU is down 0.90% premarket. The S&P Global / CIPS UK Services PMI Business Activity Index stood at 53.4 in May, lower than the 58.9 in April.The latest reading is the lowest in 15 … [Read more...] about UK Business Output Growth Falls to 15-Month Low
China’s Services PMI Falls Three Straight Months in May
Source: S&P Global China’s services sector shrank for a third consecutive month in May, signaling a slow recovery despite the easing of COVID lockdowns in Shanghai. CSI 300 Index up +1.87%, CNYUSD up +0.31% The Caixin services purchasing managers’ index (PMI) jumped to 41.4 in May from 36.2 in April, increasing slightly as authorities started to roll back on some … [Read more...] about China’s Services PMI Falls Three Straight Months in May
