Source: Markit Economics The services sector in the eurozone continued to climb in April, marking its best performance in seven months. EZU is down 0.25%, while VGK is down 0.53%. The S&P Global Eurozone PMI Composite Output Index stood at 55.8 in April, higher than the 54.9 in March. This is the highest since September 2021.The fastest growth was recorded in France … [Read more...] about Eurozone Services Growth Jumps to Seven-Month High
Forex News
Retail Trade Volumes Edge Lower in the Euro Area and EU in March
Source: Eurostat The volume of retail sales in the euro area were down by 0.4% in March, while in the EU, the sales fell by 0.2%. DAX is up +0.10%, EURUSD is up +0.21%. The decline in retail sales in March is a downturn, after the volumes shot up by 0.4% and 0.3% in the euro area and EU, respectively, in February.Retail sales declined the most in the automotive fuel … [Read more...] about Retail Trade Volumes Edge Lower in the Euro Area and EU in March
US Job Openings Mark All-Time High as Hires Fall and Separations Increase
Source: Bureau of Labor Statistics Job openings in the United States extended the climb to carve a fresh all-time high in March, as hires declined while separations climbed. QQQ is up 0.25%, while SPY is up 0.82%. Total job openings stood at 11.549 million in March, the highest on record. This compares with 11.344 million in February and 8.480 million in March 2021.Bulk … [Read more...] about US Job Openings Mark All-Time High as Hires Fall and Separations Increase
US-Manufactured Goods Orders Post Slight Decline in February
Source: US Census Bureau Orders for manufactured goods made in the United States declined in February, following nine straight months of growth. QQQ is up 0.32%, while SPY is up 0.94%. New orders for the month stood at $542.0 billion in February, down by $2.7 billion or 0.5%.The latest figure follows the $544.7 billion orders recorded in January when it climbed by … [Read more...] about US-Manufactured Goods Orders Post Slight Decline in February
Eurozone Industrial Inflation Balloon By Over 36%
Source: Eurostat Industrial inflation in the eurozone and the European Union surged by over 36% in March, driven mainly by higher energy prices during the month. EZU is up 0.45%, while VGK is up 0.64%. Annual industrial inflation in the eurozone clocked in at 36.8%, faster than 31.5% in February and 30.7% in December.Energy prices soared by 104.1%, higher than 87.3% in … [Read more...] about Eurozone Industrial Inflation Balloon By Over 36%
