Source: European Central Bank The eurozone posted a slightly narrower surplus in February due to the secondary income deficit recorded in the period. EZU is down 0.26%, while VGK is down 0.50%. The current account surplus stood at €21 billion in February, €1 billion lower than the €22-billion surplus recorded in the month prior.The latest level comes as credit increased … [Read more...] about Eurozone Current Account Surplus Narrows Slightly to €21 Billion
Forex News
British Retail Sales Fall by 1.4% in March on Rising Cost of Living
Source: Office for National Statistics UK retail sales volumes fell 1.4% in March, with the biggest driver emerging from non-store retailing, which plunged 7.9%. FTSE 100 down -0.64%, GBP USD down -1.06% Online sales dropped significantly last month, with shoppers cutting unnecessary purchases as the cost-of-living crisis started to bite.Online sales bore the burden, … [Read more...] about British Retail Sales Fall by 1.4% in March on Rising Cost of Living
European Economic Sentiment, Employment Expectations Drop in March
Source: European Commission Economic sentiment and employment expectations in both the eurozone and the European Union declined in March, due mainly to lower confidence. EZU is up 1.20$, while VGK is up 0.60%. The Economic Sentiment Indicator fell by 5.3 points to 107.5 in the European Union, and by 5.4 points to 108.5 in the eurozone. The decline was attributed … [Read more...] about European Economic Sentiment, Employment Expectations Drop in March
Manufacturing Output, Expectations Decline in April
Source: Philadelphia Fed Manufacturing output retreated in April to erase most of the gains recorded in the previous month, with firms expecting dimmer conditions moving forward. QQQ is up 1.44%, while SPY is up 1.05%. The diffusion index for current general activity stood at 17.6, down from 27.4 in March and 44.5 in April 2021.Over 34% of survey respondents reported an … [Read more...] about Manufacturing Output, Expectations Decline in April
Eurozone Inflation Climbs to Fresh All-Time High on Energy Prices
Source: Eurostat Inflation in the eurozone and the European Union accelerated further in March, carving fresh all-time highs. EZU is up 1.67%, while VGK is up 0.87% premarket. Consumer prices in the eurozone surged by 7.4% in March, up from 5.9%. This is the highest print on record.The biggest annual increase was seen in energy prices which soared by 44.4%, following the … [Read more...] about Eurozone Inflation Climbs to Fresh All-Time High on Energy Prices
