Source: Statistics Bureau of Japan Inflation in Japan’s Ku area accelerated back to positive territory in September, with the biggest price increases reported in culture and recreation and furniture. EWJ is up 0.34% premarket. Annual inflation stood at 0.3%, following 11 straight months being in negative territory. This compares with -0.4% in August and 0.2% a year … [Read more...] about Inflation in Japan’s Ku Area Returns to Positive Territory in September
Forex News
Eurozone Economic Growth Cools to Five-Month Low
Source: IHS Markit Eurozone economic growth slowed to a five-month low in September, as supply constraints continued to hit production. The IHS Markit Eurozone PMI Composite Output Index stood at 56.2 in September, lower than 59.0 in August. This is the lowest reading since April.The Eurozone Services Business Activity Index fell to 56.4, also from 59.0 in … [Read more...] about Eurozone Economic Growth Cools to Five-Month Low
Germany’s Services Activity Index Points to the Slowest Growth in Four Months
Source: IHS Markit Germany Services Business Activity Index was 56.2 in September, the lowest since May and down from 60.8 in August. DAX is up +0.49%, EURUSD is down -0.15%. The Composite PMI Output Index fell to 55.5, down from 60.0 in August, the lowest since February.Transport & Storage was the main drug on services activity, reflecting slowdowns in … [Read more...] about Germany’s Services Activity Index Points to the Slowest Growth in Four Months
France Services Activity on a 5-Month Low but Demand Nears Pre-Pandemic Levels
Source: IHS Markit France Services Business Activity was 56.2 in September, a five-month low and down from 56.3 in August. CAC 40 is up +0.54%, EURUSD is down -0.18%. Despite falling in September, France’s demand was still robust and continued to approach the levels seen before the pandemic.Combined with the Manufacturing Output Index, France’s Composite Index was at … [Read more...] about France Services Activity on a 5-Month Low but Demand Nears Pre-Pandemic Levels
Oil Prices Soar as OPEC Sustains Slow Monthly Crude Supply Increases
Source: OPEC OPEC+ agreed to retain its schedule of moderate monthly oil-production increases, leading to higher crude prices. CL1! Up +2.56%, USOIL up +2.69% Ministers ratified a supply hike of 400,000 barrels a day scheduled for November on Monday. Heading into the talks, there had been speculation that the group could choose a larger supply increase in November.West … [Read more...] about Oil Prices Soar as OPEC Sustains Slow Monthly Crude Supply Increases
