Source: S&P Global China’s services sector activity narrowed at the second-steepest rate on record in April, as tighter COVID limitations halt the industry. CNUYSD down -0.01%, CSI 300 down -0.15% The Caixin services purchasing managers’ index (PMI) dropped to 36.2 in April, the second-lowest since the survey started in November 2005 and down from 42 in March.A … [Read more...] about China’s Services Activity Falls at Second Lowest Rate on Record
Forex News
Eurozone Construction Firms Less Upbeat as New Orders Fall the Fastest in 14 Months
Source: S&P Global Eurozone construction firm’s pessimism on the twelve-month outlook fell to the lowest since November 2020 in April, as depressed demand continued to impact on new orders. DAX is up +1.42%, EURUSD is down -0.11%. The weakened pessimism occurred as firms reported the fastest decline in new orders in fourteen months. The depressed activity saw the … [Read more...] about Eurozone Construction Firms Less Upbeat as New Orders Fall the Fastest in 14 Months
US International Trade Deficit Widens to $109.8 Billion
Source: Bureau of Economic Analysis The United States posted a wider trade deficit in March, as imports grew at a faster rate than exports during the month. QQQ is down 0.95%, while SPY is down 0.28%. The international trade in goods and services deficit stood at $109.8 billion, reflecting a 22.3% increase.The latest level reflects an increase in the goods deficit of … [Read more...] about US International Trade Deficit Widens to $109.8 Billion
Manufacturing Growth Cools for Second Straight Month
Source: Institute for Supply Management The manufacturing sector expanded for the 23rd straight month of growth in April, but growth decelerated for the second consecutive month. QQQ is down 1.23%, while SPY is down 0.31%. The manufacturing PMI stood at 55.4 in April, 1.7 percentage points lower than 57.1 in March.A slowdown was recorded in nearly all indicators, except … [Read more...] about Manufacturing Growth Cools for Second Straight Month
Private Sector Jobs Growth Decelerates to Eight-Month Low
Source: ADP Private employment growth slipped to an eight-month low in April, driven by the decline recorded in small businesses. QQQ is down 0.88%, while SPY is down 0.26%. Private sector employment grew by 247,000 in April, lower than the 479,000 in March and 619,000 in the same month last year.The latest reading is the lowest increase in eight months since employment … [Read more...] about Private Sector Jobs Growth Decelerates to Eight-Month Low
