Source: Census Bureau The total inventories recorded by US merchant wholesalers were $840.3 billion at the end of March, reflecting an increase of 2.3% from the prior month. SPY is down -1.81%, DXY is up +0.23%. The wholesale inventories are now 22.0% above the prior year.The sales of the merchant wholesalers also saw the gain, with a surge of 1.7% from February to … [Read more...] about US Wholesale Inventories Jump 2.3% in March
Forex News
China’s Export Growth Plunges to 2-Year Low as Strict Covid Restrictions Hamper Factories
Source: National Bureau of Statistics of China Strict zero-Covid restrictions pushed China’s export growth to its slowest pace in nearly two years in April, with recovery set to face numerous challenges. CSI 300 Index down -0.80%, CNYUSD down -0.68% China’s overall exports expanded better than anticipated by 3.9% last month from a year ago to $273.62 billion, compared … [Read more...] about China’s Export Growth Plunges to 2-Year Low as Strict Covid Restrictions Hamper Factories
Eurozone’s Economic Sentiment Plunges to the Lowest Since Mid-2020 in May
Source: Sentix The eurozone’s Sentix business cycle index plunged to -22.6 points in early May. It is the lowest reading since June 2020. DAX is down -1.70%, EURUSD is down -0.09%. The fall in the economic sentiment reflects the impacts of the Russian-Ukrainian war. The degree of current situation and expectations weakened by around 5%.The economic expectations were at an … [Read more...] about Eurozone’s Economic Sentiment Plunges to the Lowest Since Mid-2020 in May
US Nonfarm Payrolls Climb by Steady 428,000
Source: US Labor Bureau The United States nonfarm payroll growth and the unemployment rate were unchanged from the previous month in April, government data revealed. QQQ is down 0.74%, while SPY is down 0.68%. Total nonfarm payroll employment jumped by 428,000 in April, unchanged from the same increase recorded in March.Total private payrolls increased by 406,000, marking … [Read more...] about US Nonfarm Payrolls Climb by Steady 428,000
UK Construction Output Hits the Lowest Level Since Jan. in April
Source: S&P Global The Purchasing Managers’ Index, gauging the level of construction in the UK, dropped to 58.2 in April from 59.1 the previous month. The index marked the slowest output growth since January. FTSE 100 is down -0.81%, GBPUSD is down -0.01%. The fastest-growing construction segment was the commercial work, with an index of 60., while the civil … [Read more...] about UK Construction Output Hits the Lowest Level Since Jan. in April
