Source: IHS Markit The United Kingdom’s services sector fell to a 10-month low in December, weighed down by the impact of the Omicron variant. EWU is up 0.21% premarket. The IHS Markit/CIPS UK Services PMI plunged to 53.6 in December from 58.5 in November. This is the lowest rate recorded since February.The drop came amid the weaker performance of travel, leisure, and … [Read more...] about UK Services Dives to 10-Month Low on Omicron Concerns
Forex News
Eurozone Construction Activity Closes 2021 With Slower Growth
Source: IHS Markit Construction activity growth in the Eurozone closed 2021 with a slight decline, as civil engineering projects weakened for the 29th straight month. EZU is up 0.08% premarket. The IHS Markit Eurozone Construction Total Activity Index fell to 52.9 in December from 53.3 in November.The latest reading extended the sector’s expansion to the third straight … [Read more...] about Eurozone Construction Activity Closes 2021 With Slower Growth
Producer Prices Eased to 2.0% Gain in the EU in Nov., 1.8% in the Euro Area
Source: Eurostat Industrial producer prices increased by 2.0% in the EU in November from October, surpassing a gain of 1.8% in the euro area. DAX is down -1.24%, EURUSD is up +0.03%. The increase in producer prices in November is slower compared to a gain of 5.4% in the euro area and 5.0% in the EU in the previous month.In the euro area, producer prices rose by a … [Read more...] about Producer Prices Eased to 2.0% Gain in the EU in Nov., 1.8% in the Euro Area
Fed Officials Eye Sooner Interest Rate Hikes in 2022
Source: Federal Reserve Officials of the US Federal Reserve are now looking at a more immediate timetable for hike interest rate this year, as inflationary concerns increase. Minutes of the December meeting indicate that officials believe that the current inflation trend warrants lifting rates “sooner or at a faster pace” than anticipated.A number of officials also … [Read more...] about Fed Officials Eye Sooner Interest Rate Hikes in 2022
China’s December Services Activity Growth Accelerates
Source: IHS Markit. China’s business activity growth in December rose at its strongest pace since July. CSI 300 Index down -1.02%, CNY USD down -0.18% The Caixin China general composite purchasing managers’ index grew to 53.0 points in December from a three-month low of 51.2 posted in November.Output has now expanded in each of the last four months, with the recent … [Read more...] about China’s December Services Activity Growth Accelerates
