Source: European Commission The Economic Sentiment Indicator was recorded at 104.9 in the EU and 105.0 in the euro area in April, a decline of 1.7 points in both regions. DAX is down -0.74%, EURUSD is down -0.14%. Confidence worsened in industry, with a fall of 0.8 points, retail trade with a decline of 2.0 points, while construction confidence fell by 1.8 … [Read more...] about Economic Sentiment Falls by 1.7 Points in the EU and Euro Area in April
Forex News
US Personal Spending Growth Quickens as Prices Climb Faster
Source: Bureau of Economic Analysis Personal spending growth in the United States rebounded in March, in line with the acceleration of the growth of prices during the period. QQQ is down 1.97%, while SPY is down 1.63%. Personal spending posted a monthly increase of 1.1% in March, faster than the 0.6% in February but lower than the 2.0% in the first month of the … [Read more...] about US Personal Spending Growth Quickens as Prices Climb Faster
Euro Area’s Annual Inflation Hits a New Record 7.5% In April
Source: Eurostat Inflation was estimated to have jumped to a fresh record of 7.5% in the euro area in April, from 7.4% the previous month. DAX is up +0.82%, EURUSD is up +0.28%. The energy was the main driver of the annual inflation in April, with a surge of 38%, although the gain was lower compared to an increase of 44.4% in March.Inflation in the food, alcohol, & … [Read more...] about Euro Area’s Annual Inflation Hits a New Record 7.5% In April
Eurozone, EU Economic Growth Accelerate in First Quarter
Source: Eurostat The eurozone and the European Union opened the year with faster economic growth, with positive growth rates recorded in all countries covered. EZU closed up 1.67%, while VGK is up 0.22% premarket. Seasonally adjusted economic growth posted an annual increase of 5.0% in the eurozone, up from 4.7% in the fourth quarter but lower than the 14.6% in the same … [Read more...] about Eurozone, EU Economic Growth Accelerate in First Quarter
UK House Prices Sustain Double-Digit Growth in April
Source: Nationwide Building Society House prices in the United Kingdom continued to post double-digit annual growth in April, albeit at a slower pace than seen in the previous month. IUKP is up 0.74%, while XHB is up 0.36%. The annual house price growth stood at 12.1% in April, slower than the 14.3% increase recorded in the previous month. The latest reading is the … [Read more...] about UK House Prices Sustain Double-Digit Growth in April
