Source: European Central Bank The euro area posted a 24 billion euros current account surplus in November last year, an increase of 5 billion euros from the previous month. DAX is up +0.23%, EURUSD is up +0.15%. Services surplus was recorded at 23 billion euros while goods were reported at a 16 billion euros surplus. Secondary income had a deficit of 15 billion … [Read more...] about Euro Area Current Account Surplus Jumps by €5 Billion in November
Forex News
Homebuilder Confidence Drops as Affordability Declines
Source: NAHB Homebuilder confidence slipped slightly in the first month of the year, dragged by affordability concerns during the month. XHB is down 2.50%. The NAHB/Wells Fargo Housing Market Index (HMI) stood at 83 in January, down from 84 in December 2020 and the same as the level recorded in January 2021.NAHB Chairman Chuck Fowke attributed the decline to the inflation … [Read more...] about Homebuilder Confidence Drops as Affordability Declines
New York Activity Slips to Negative Territory in January
Source: New York Fed Business activity in New York posted a steep decline in January, falling to negative territory after 18 straight months of positive readings. General business conditions dropped by 33 points to -0.7% during the month, indicating that growth stalled after a period of significant expansion.Some 22% of respondents said conditions improved over the month, … [Read more...] about New York Activity Slips to Negative Territory in January
UK Payrolled Employees Hit 29.5 Million as Regions Climb Above Pre-COVID Levels
Source: Office for National Statistics Payrolled employees in the United Kingdom grew to 29.5 million in December 2021, but wages for the previous month failed to keep up with inflation for the first time in 17 months. EWU is aflat premarket. Payrolled employees in December recorded a growth of 184,000 from the November 2021 level and 409,000 higher than the pre-COVID-19 … [Read more...] about UK Payrolled Employees Hit 29.5 Million as Regions Climb Above Pre-COVID Levels
US 10-Year Treasury Yield of 2.50% Probable as Growth Returns in 2022, Invesco Says
Source: Invesco Invesco sees the US 10-year Treasury yield reaching 2.00% in 2022, with the investment company saying 2.50% is still a possibility by the year-end. US 10-year Treasury yield is currently 1.818%. Invesco says robust growth, rate hikes, persistent inflation, and the shrinking of the balance sheet will combine to push the Treasury yields higher. The … [Read more...] about US 10-Year Treasury Yield of 2.50% Probable as Growth Returns in 2022, Invesco Says
