Source: European Commission Economic sentiment and employment expectations in both the eurozone and the European Union declined in March, due mainly to lower confidence. EZU is up 1.20$, while VGK is up 0.60%. The Economic Sentiment Indicator fell by 5.3 points to 107.5 in the European Union, and by 5.4 points to 108.5 in the eurozone. The decline was attributed … [Read more...] about European Economic Sentiment, Employment Expectations Drop in March
Forex News
Manufacturing Output, Expectations Decline in April
Source: Philadelphia Fed Manufacturing output retreated in April to erase most of the gains recorded in the previous month, with firms expecting dimmer conditions moving forward. QQQ is up 1.44%, while SPY is up 1.05%. The diffusion index for current general activity stood at 17.6, down from 27.4 in March and 44.5 in April 2021.Over 34% of survey respondents reported an … [Read more...] about Manufacturing Output, Expectations Decline in April
Eurozone Inflation Climbs to Fresh All-Time High on Energy Prices
Source: Eurostat Inflation in the eurozone and the European Union accelerated further in March, carving fresh all-time highs. EZU is up 1.67%, while VGK is up 0.87% premarket. Consumer prices in the eurozone surged by 7.4% in March, up from 5.9%. This is the highest print on record.The biggest annual increase was seen in energy prices which soared by 44.4%, following the … [Read more...] about Eurozone Inflation Climbs to Fresh All-Time High on Energy Prices
US Existing-Home Sales Drops for Second Consecutive Month
Source: National Association of Realtors Existing-home sales in the United States slipped for the second straight month in March due to higher mortgage rates and the inflationary uptick during the period. XHB is up 0.66%, while ITB is up 0.60%. Seasonally adjusted sales for the month stood at 5.77 million in March, down 2.7% from February and 4.5% from 6.04 million in the … [Read more...] about US Existing-Home Sales Drops for Second Consecutive Month
US Mortgage Applications Drop as Home Loan Rates Surge to 12-Year High
Source: Reuters The average home loan rates in the United States grew to the highest level in 12 years last week, in an indication that the housing market may be starting to see a cooldown. ITB is up 1.18%, while XHB is up 0.94%. The 30-year fixed-rate average contract rate jumped to 5.20% in the week ending April 15 from 5.13% in the previous week and two percentage … [Read more...] about US Mortgage Applications Drop as Home Loan Rates Surge to 12-Year High
