Source: IHS Markit The PMI gauging the manufacturing activity in the eurozone hit an eighteen-month low of 54.6 in May, from 55.5 in April. DAX is up +0.33%, EURUSD is down -0.17%. Output expansion in the eurozone still rose to a two-month high in May, with the index at 51.3, compared to 50.7 in April. The output was still the second-weakest in 23 months of … [Read more...] about Eurozone Manufacturing Falls to an 18-Month Low in May on Rising Cost Pressures
Forex News
China’s Factory Activity Fell at a Softer Pace in May
Source: S&P Global Manufacturing activity in China dropped at a softer pace in May compared to April as demand conditions improved last month. CSI 300 Index down -0.20%, CNYUSD down -0.19%. The Caixin China general manufacturing purchasing managers’ index rose to 48.1 in May, from a 26-month low of 46 in April.Chinese goods producers’ output and demand remained in the … [Read more...] about China’s Factory Activity Fell at a Softer Pace in May
Texas Factory Output Growth Rebounds to Five-Month High in May
Source: Dallas Fed Factory activity growth in Texas rebounded in May, marking the highest reading in five months. QQQ is down 0.74%, while SPY is down 0.89%. The production index was recorded at 18.8 in May, up from 10.8 in April and 15.3 in the same month last year.The latest reading is the highest in five months since it stood at 26.0 in December 2021.Growth was seen in … [Read more...] about Texas Factory Output Growth Rebounds to Five-Month High in May
US Consumer Confidence Slips as Perceived Labor Conditions Weaken
Source: The Conference Board Consumer confidence in the United States retreated in May, dragged by weaker labor market conditions reported during the month. QQQ is down 0.63%, while SPY is down 0.85%. The Consumer Confidence Index stood at 106.4 in May, lower than the 108.6 in the previous month.The Present Situation Index fell to 149.6 from 152.9, while the Expectations … [Read more...] about US Consumer Confidence Slips as Perceived Labor Conditions Weaken
US Home Price Growth Accelerates to 20.6% in March
Source: S&P Global Home prices in the United States grew at a faster pace in March, in line with the higher interest rates recorded during the period. XHB is down 1.65%, while ITB is down 1.35%. The S&P CoreLogic Case-Shiller, US National Home Price NSA Index, posted annual growth of 20.6% in March, faster than 20.0% in February. The trend was also seen in … [Read more...] about US Home Price Growth Accelerates to 20.6% in March
