Source: Growth from Knowledge German consumer sentiment is projected to improve in June following the record-low reading this month, but headwinds continued to risk further improvement. EWG is down 1.47%, while EZU is down 1.33%. Consumer sentiment is projected consumer sentiment to hit -26.0 in June, better than the revised record-low -26.6 this month and -8.6 in May … [Read more...] about German Consumer Sentiment Poised for Rebound in June
Forex News
US Home Sales Fall for Fourth Straight Month as Prices Climb Further
Source: US Census Bureau New home sales in the United States declined for the fourth straight month in April, reflecting a double-digit monthly and annual decline. XHB is down 3.92%, while ITB fell 3.86%. New houses sold for the month stood at 591,000, indicating a 16.6% decline from the 709,000 in March and 26.9% lower than the 809,000 in April 2021.The South posted the … [Read more...] about US Home Sales Fall for Fourth Straight Month as Prices Climb Further
Fifth District Manufacturing Output Growth Falls to Four-Month Low
Source: Richmond Fed Manufacturing output in the Fifth District fell to negative territory in May, as shipments and new orders contracted during the period. QQQ is down 3.26%, while SPY is down 2.22%. The composite manufacturing index stood at -9 in May, lower than the 14 recorded in the previous month.The indexes for shipments declined to -16 and for new orders to -15 … [Read more...] about Fifth District Manufacturing Output Growth Falls to Four-Month Low
US Private Sector Growth Drops to Four-Month Low on Inflation, Weak Demand
Source: Markit Economics Private sector expansion in the United States slipped to a four-month low in May on the back of inflationary pressures and slower demand during the month. QQQ is down 3.35%, while SPY is down 2.12%. The Flash US PMI Composite Output Index was recorded at 53.8, lower than the 56.0 in the previous month.Manufacturers and providers attributed the … [Read more...] about US Private Sector Growth Drops to Four-Month Low on Inflation, Weak Demand
UK Private Sector Grows at the Slowest in 15 Months as Demand Falters
Source: S&P Global The UK private sector grew at the weakest pace in fifteen months in May, with the Composite Output Index at 51.8, down from 58.2 in April. FTSE 100 is down -0.027%, GBPUSD is down -0.70%. The services sector lost momentum in May, with the level of activity also sliding down to a 15-month low. The index reading of 51.8 was below 58.9 in April.The … [Read more...] about UK Private Sector Grows at the Slowest in 15 Months as Demand Falters
