Source: European Commission Consumer confidence in the eurozone and the European Union fell to the lowest level since the onset of the COVID-19 pandemic, dragged by tensions between Russia and Ukraine. EZU is down 1.70%, while VGK is down 1.24%. The eurozone consumer confidence indicator fell by 9.9 points to -18.7.The European Union consumer confidence indicator declined … [Read more...] about Eurozone, EU Consumer Confidence Slip on Russia-Ukraine Conflict
Forex News
US New Home Sales Nosedives 2% in February 2022
Source: Census Bureau The sales of existing single-family houses were posted at an annual rate of 772,000 in February, down by 2.0% from the previous year. SPY is down -0.42%, DXY is up +0.28%. The home sales have now fallen for the second straight month, with high prices and an uptick in mortgage rate seen to drive away prospective buyers. The home sales are now … [Read more...] about US New Home Sales Nosedives 2% in February 2022
UK Inflation Soars to 29-Year High, Producer Inflation to 13-Year High in February
Source: Office for National Statistics Consumer prices in the United Kingdom grew by a 29-year high, and producer prices by a 13-year high in February. EWU is down 0.47% premarket. Consumer prices rose by 6.2%, faster than the 5.5% in January and the 0.4% recorded in the same month last year.The latest reading is the fastest annual inflation since March 1992 when it stood … [Read more...] about UK Inflation Soars to 29-Year High, Producer Inflation to 13-Year High in February
Manufacturing Activity Climbs in March
Source: Richmond Fed Manufacturing in the Fifth District climbed in March as increases were recorded in shipments, new orders, and the number of employees. EXI is up 0.39%. The composite manufacturing index surged by 12 points to 13 in March from 1 in February, with increases recorded in all three component indexes.The shipments index soared to 9 in March from -11 in … [Read more...] about Manufacturing Activity Climbs in March
UK Net Borrowing Stands at Historic High £13.1 Billion in February
Source: Office for National Statistics Public sector net borrowing in the United Kingdom remained at a historic high in February, marking the second-highest print for the month since data collection started in 1993. EWU is up 1.11% premarket. Net borrowing excluding public sector banks stood at £13.1 billion in February, £2.4 billion lower than the same month in 2021 but … [Read more...] about UK Net Borrowing Stands at Historic High £13.1 Billion in February
