Source: Sentix The eurozone economic indicator contracted for the second straight month in April, to fall to its lowest level in nearly two years. EZU is down 0.29%, while VGK is flat premarket. The overall Sentix index dropped 11 points to -18, following the -7.0 in March. This is the lowest since July 2020.Economists are expected to report the start of the second … [Read more...] about Eurozone Recession Seen as Economy Falls to 21-Month Low in April
Forex News
Manufacturing Growth Falls to 18-Month Low in March
Source: Institute for Supply Management Manufacturing growth slipped to an 18-month low in March, as demand weakened from the previous month. QQQ is down 0.29%. The March Manufacturing PMI stood at 57.1%, 1.5 percentage points lower than the 58.6% in February. This is the lowest since September 2020’s 55.4%.The New Orders Index fell by 7.9 percentage points to 53.8%, … [Read more...] about Manufacturing Growth Falls to 18-Month Low in March
US Nonfarm Payroll Growth Retreats in March
Source: Bureau of Labor Statistics Nonfarm payrolls expanded at a slower pace in March, with growth driven mainly by service-providing firms during the month. QQQ is down 0.07%. Payrolls increased by 431,000 in March, lower than the 750,000 in February and 704,000 in March 2021.Private payrolls increased by 426,000, including 60,000 in goods-producing firms and 366,000 in … [Read more...] about US Nonfarm Payroll Growth Retreats in March
Eurozone Manufacturing Growth Plunges to 14-Month Low
Source: Markit Economics Manufacturing growth in the eurozone plummeted to a 14-month low in March, dragged by the escalating tensions between Russia and Ukraine. EZU is down 0.86%, and VGK is up 0.91%. The Final Eurozone Manufacturing PMI stood at 56.5, down from 58.2. This is the lowest level since the start of 2021.The Final Eurozone Manufacturing Output Index plunged … [Read more...] about Eurozone Manufacturing Growth Plunges to 14-Month Low
UK Manufacturing Slips to 13-Month Low in March
Source: Markit Economics Manufacturing in the United Kingdom fell to its lowest level in 13 months in March, with all sub-components recording a decline during the month. EWU is up 0.39%. The seasonally adjusted UK Manufacturing Purchasing Managers’ Index stood at 55.2 in March, down from the three-month-high of 58.0 in February.New orders posted the slowest growth in the … [Read more...] about UK Manufacturing Slips to 13-Month Low in March
