Source: Bureau of Economic Analysis Personal income growth quickened in February after a months-long slowdown, as disposable income grew faster while personal spending decelerated. QQQ is down 0.24%. Personal increased by $101.5 billion or 0.5% in February from the previous month. This is faster than the 0.1% growth recorded in January.Disposable personal income … [Read more...] about Personal Income Grows Faster in February as Spending Decelerates
Forex News
US Weekly Jobless Claims Unexpectedly Jumped by 14,000 to 202,000
Source: US Department of Labor Applications for US state unemployment insurance claims increased more than expected last week, possibly a blip in a tight and rebounding labor market. DXY up +0.49%, EUR USD down -0.73% The initial unemployment claims rose by 14,000 to 202,000 in the week ended March 26. The average estimate from a Bloomberg survey of economists was … [Read more...] about US Weekly Jobless Claims Unexpectedly Jumped by 14,000 to 202,000
Eurozone, EU Unemployment Decline Further in February
Source: Eurostat Unemployment in both the eurozone and the European Union posted slight declines in February, reflecting an improvement in employment during the month. EZU is down 0.43%, and VGK is down 0.47% premarket. The seasonally adjusted unemployment rate of the eurozone was recorded at 6.8%, down from 6.9% in January and 8.2% in February 2021.This is equivalent to … [Read more...] about Eurozone, EU Unemployment Decline Further in February
UK Current Account Deficit Narrows to £11.4 Billion in Q4, GDP Improves by 1.3%
Source: Office for National Statistics The UK current account deficit that excludes precious metals was 11.4 billion pounds in the fourth quarter of 2021, down from 26.1 billion in the previous quarter. FTSE 100 is down -0.20%, GBPUSD is up +0.05%. In the primary income account, the total current account balance was a surplus of 4.7 billion pounds or 0.8% of GDP, the … [Read more...] about UK Current Account Deficit Narrows to £11.4 Billion in Q4, GDP Improves by 1.3%
China’s Lockdowns Hit Manufacturing in March
Source: National Bureau of Statistics China’s purchasing managers’ indexes slipped in March, dragged by the shutdown of its technology and trade and automotive centers. MCHI is down 1.48% premarket. The Comprehensive PMI Output Index for the month stood at 48.8, down from 51.2 in February and 55.3 in March 2021.The Manufacturing Purchasing Managers’ Index was recorded at … [Read more...] about China’s Lockdowns Hit Manufacturing in March
