Source: Bank of England Mortgage net borrowing in the United Kingdom declined in April, in line with the decline in approvals during the month. EWU is up 0.06%, while IUKP is down 0.56%. Net borrowing of mortgage debt stood at £4.1 billion, lower than the £6.4 billion recorded in the previous month.Mortgage approvals for the month fell to 66,000 from 69,500 in March, … [Read more...] about UK Mortgage Net Borrowing Slips in April
Forex News
Eurozone Inflation Seen to Hit Fresh Record 8.1% in May
Source: Eurostat Annual inflation in the eurozone is expected to have climbed to a fresh record-high this month, mainly driven by the surge in energy prices during the month. EZU is down 0.38%, while VGK is up 0.05%. Annual inflation for the month is projected to clock in at 8.1%, faster than the 7.4% in April and 2.0% in May 2021.The biggest increase was in energy prices … [Read more...] about Eurozone Inflation Seen to Hit Fresh Record 8.1% in May
German Import, Export Growth Hit Biggest Growth Since 1974 Oil Crisis
Source: European Commission German import prices grew at a faster pace than exports in April, reflecting the impact of energy prices during the month. EWG is down 1.10%, while DAX is up 1.69%. Import prices recorded a 31.7% annual increase, marking the biggest jump since the first oil crisis in September 1974, when prices surged by 32.6%.Import prices recorded an increase … [Read more...] about German Import, Export Growth Hit Biggest Growth Since 1974 Oil Crisis
Economic Sentiment Slips in EU, Broadly Unchanged in Eurozone
Source: European Commission Economic sentiment posted a slight decline in the European Union but was broadly stable in the eurozone in May, while employment expectations posted a slight increase. EZU is up 0.05%, while VGK is down 0.53% premarket. The Economic Sentiment Indicator fell by 0.5 points to 104.1 in the European Union while gaining 0.1 points to 105.0 in the … [Read more...] about Economic Sentiment Slips in EU, Broadly Unchanged in Eurozone
Consumer Sentiment Posts Double-Digit Decline in May
Source: University of Michigan Consumer sentiment plunged by double-digits in May, dragged by the negative outlook on the economy and the inflationary uptick. QQQ is up 2.23%, while SPY is up 1.53%. The Index of Consumer Sentiment stood at 58.4 in May, reflecting a 10.4% decline from 65.2 in April and a 29.6% decline from 82.9 in May 2021.Survey of Consumers Director … [Read more...] about Consumer Sentiment Posts Double-Digit Decline in May
