Source: Eurostat Industrial prices in both the eurozone and the European Union continued to increase in April, as energy prices nearly doubled during the month. EZU is up 1.02%, while VGK is up 0.94%. Industrial prices in the eurozone posted annual inflation of 37.2%, faster than the 36.9% in March.The fastest increase was seen in industrial energy prices, which soared by … [Read more...] about Eurozone, EU Producer Inflation Surge Hit 37%
Forex News
US Mortgage Applications Slip to Three-Year Low
Source: Mortgage Bankers Association Mortgage applications declined to the lowest level in over three years in the past week, dragged by supply and affordability issues. XHB is down 1.17%, while ITB is down 1.06%. Mortgage applications for the week ending May 27, 2022, declined by 2.3% from the previous week. This is the lowest level since December 2018.Purchase … [Read more...] about US Mortgage Applications Slip to Three-Year Low
The US Hires Drop in April as Openings, Separations Fall
Source: US Bureau of Labor Statistics Hiring activity in the United States declined in April, as openings and separations declined from the previous month. QQQ is up 0.01%, while SPY is down 0.55%. Total hires in April stood at 6.586 million, lower than the 6.645 million in March but higher than the 6.121 million in April 2021.The private sector accounted for 6.201 … [Read more...] about The US Hires Drop in April as Openings, Separations Fall
US Manufacturing Drops to Four-Month Low in May
Source: S&P Global The United States’ manufacturing sector fell to a four-month low in May, dragged by the decline in output, new orders, and stocks during the period. QQQ is up 0.01%, while SPY is down 0.51%. The S&P Global US Manufacturing Purchasing Managers’ Index fell to 57.0 from 59.2 in April.Output growth posted a three-month low, dragged by supply … [Read more...] about US Manufacturing Drops to Four-Month Low in May
UK Manufacturing Output Growth Slows to 7-Month Low
Source: S&P Global UK manufacturing output growth slowed to a seven-month low in May, as domestic demand and new export work weakened during the period. EWU is flat, while VGK is down 0.06% premarket. The S&P Global/CIPS UK Manufacturing Purchasing Mangers’ Index stood at 54.6 in May, down from 55.8 in April.Manufacturing output growth to the slowest since October … [Read more...] about UK Manufacturing Output Growth Slows to 7-Month Low
