Source: Bureau of Labor Statistics Nonfarm payrolls expanded at a slower pace in March, with growth driven mainly by service-providing firms during the month. QQQ is down 0.07%. Payrolls increased by 431,000 in March, lower than the 750,000 in February and 704,000 in March 2021.Private payrolls increased by 426,000, including 60,000 in goods-producing firms and 366,000 in … [Read more...] about US Nonfarm Payroll Growth Retreats in March
Forex News
Eurozone Manufacturing Growth Plunges to 14-Month Low
Source: Markit Economics Manufacturing growth in the eurozone plummeted to a 14-month low in March, dragged by the escalating tensions between Russia and Ukraine. EZU is down 0.86%, and VGK is up 0.91%. The Final Eurozone Manufacturing PMI stood at 56.5, down from 58.2. This is the lowest level since the start of 2021.The Final Eurozone Manufacturing Output Index plunged … [Read more...] about Eurozone Manufacturing Growth Plunges to 14-Month Low
UK Manufacturing Slips to 13-Month Low in March
Source: Markit Economics Manufacturing in the United Kingdom fell to its lowest level in 13 months in March, with all sub-components recording a decline during the month. EWU is up 0.39%. The seasonally adjusted UK Manufacturing Purchasing Managers’ Index stood at 55.2 in March, down from the three-month-high of 58.0 in February.New orders posted the slowest growth in the … [Read more...] about UK Manufacturing Slips to 13-Month Low in March
Eurozone Inflation Accelerates to New All-Time High 7.5%
Source: Eurostat Inflation in the eurozone climbed to a fresh record high in March, driven mainly by the increase in energy prices during the month. EZU is down 0.83%, while VGK is up 0.85% premarket. Inflation stood at 7.5% in March, up from 5.9% in the previous month and 1.3% in the same month last year.Core inflation jumped to 3.2%, up from 2.9% in February and 1.0% in … [Read more...] about Eurozone Inflation Accelerates to New All-Time High 7.5%
China’s Caixin Manufacturing PMI Plunges to 48.1 in March, Lowest Level in 2 Years
Source: S&P Global China’s manufacturing output plunged at the fastest pace in two years in March on resurgent COVID-19 cases and economic uncertainty from the Ukrainian war. CSI 300 Index up +1.27%, CNY USD down -0.32% The Caixin/Markit Manufacturing Purchasing Managers’ Index dropped to 48.1 in March, signaling the steepest pace of contraction since February 2020, … [Read more...] about China’s Caixin Manufacturing PMI Plunges to 48.1 in March, Lowest Level in 2 Years
