Source: Eurostat Inflation in the eurozone climbed to a fresh record high in March, driven mainly by the increase in energy prices during the month. EZU is down 0.83%, while VGK is up 0.85% premarket. Inflation stood at 7.5% in March, up from 5.9% in the previous month and 1.3% in the same month last year.Core inflation jumped to 3.2%, up from 2.9% in February and 1.0% in … [Read more...] about Eurozone Inflation Accelerates to New All-Time High 7.5%
Forex News
China’s Caixin Manufacturing PMI Plunges to 48.1 in March, Lowest Level in 2 Years
Source: S&P Global China’s manufacturing output plunged at the fastest pace in two years in March on resurgent COVID-19 cases and economic uncertainty from the Ukrainian war. CSI 300 Index up +1.27%, CNY USD down -0.32% The Caixin/Markit Manufacturing Purchasing Managers’ Index dropped to 48.1 in March, signaling the steepest pace of contraction since February 2020, … [Read more...] about China’s Caixin Manufacturing PMI Plunges to 48.1 in March, Lowest Level in 2 Years
Personal Income Grows Faster in February as Spending Decelerates
Source: Bureau of Economic Analysis Personal income growth quickened in February after a months-long slowdown, as disposable income grew faster while personal spending decelerated. QQQ is down 0.24%. Personal increased by $101.5 billion or 0.5% in February from the previous month. This is faster than the 0.1% growth recorded in January.Disposable personal income … [Read more...] about Personal Income Grows Faster in February as Spending Decelerates
US Weekly Jobless Claims Unexpectedly Jumped by 14,000 to 202,000
Source: US Department of Labor Applications for US state unemployment insurance claims increased more than expected last week, possibly a blip in a tight and rebounding labor market. DXY up +0.49%, EUR USD down -0.73% The initial unemployment claims rose by 14,000 to 202,000 in the week ended March 26. The average estimate from a Bloomberg survey of economists was … [Read more...] about US Weekly Jobless Claims Unexpectedly Jumped by 14,000 to 202,000
Eurozone, EU Unemployment Decline Further in February
Source: Eurostat Unemployment in both the eurozone and the European Union posted slight declines in February, reflecting an improvement in employment during the month. EZU is down 0.43%, and VGK is down 0.47% premarket. The seasonally adjusted unemployment rate of the eurozone was recorded at 6.8%, down from 6.9% in January and 8.2% in February 2021.This is equivalent to … [Read more...] about Eurozone, EU Unemployment Decline Further in February
