Source: US Bureau of Labor Statistics Hiring activity in the United States declined in April, as openings and separations declined from the previous month. QQQ is up 0.01%, while SPY is down 0.55%. Total hires in April stood at 6.586 million, lower than the 6.645 million in March but higher than the 6.121 million in April 2021.The private sector accounted for 6.201 … [Read more...] about The US Hires Drop in April as Openings, Separations Fall
Forex News
US Manufacturing Drops to Four-Month Low in May
Source: S&P Global The United States’ manufacturing sector fell to a four-month low in May, dragged by the decline in output, new orders, and stocks during the period. QQQ is up 0.01%, while SPY is down 0.51%. The S&P Global US Manufacturing Purchasing Managers’ Index fell to 57.0 from 59.2 in April.Output growth posted a three-month low, dragged by supply … [Read more...] about US Manufacturing Drops to Four-Month Low in May
UK Manufacturing Output Growth Slows to 7-Month Low
Source: S&P Global UK manufacturing output growth slowed to a seven-month low in May, as domestic demand and new export work weakened during the period. EWU is flat, while VGK is down 0.06% premarket. The S&P Global/CIPS UK Manufacturing Purchasing Mangers’ Index stood at 54.6 in May, down from 55.8 in April.Manufacturing output growth to the slowest since October … [Read more...] about UK Manufacturing Output Growth Slows to 7-Month Low
Eurozone Manufacturing Falls to an 18-Month Low in May on Rising Cost Pressures
Source: IHS Markit The PMI gauging the manufacturing activity in the eurozone hit an eighteen-month low of 54.6 in May, from 55.5 in April. DAX is up +0.33%, EURUSD is down -0.17%. Output expansion in the eurozone still rose to a two-month high in May, with the index at 51.3, compared to 50.7 in April. The output was still the second-weakest in 23 months of … [Read more...] about Eurozone Manufacturing Falls to an 18-Month Low in May on Rising Cost Pressures
China’s Factory Activity Fell at a Softer Pace in May
Source: S&P Global Manufacturing activity in China dropped at a softer pace in May compared to April as demand conditions improved last month. CSI 300 Index down -0.20%, CNYUSD down -0.19%. The Caixin China general manufacturing purchasing managers’ index rose to 48.1 in May, from a 26-month low of 46 in April.Chinese goods producers’ output and demand remained in the … [Read more...] about China’s Factory Activity Fell at a Softer Pace in May
