Source: au Jibun Bank Japanese manufacturing slowed for the second consecutive month in September, hitting the lowest level in seven months. EWJ is down 1.02% premarket. The headline au Jibun Bank Japan Manufacturing Purchasing Managers Index eased to 51.5 from 52.7 in August, still above the 50.0 expansion threshold.The latest reading is the second straight month of … [Read more...] about Japanese Manufacturing Cools to Seven-Month Low on Delta, Supply Constraints
Forex News
US Mortgage Rates Climb to Three-Month High Amid Low Supply
Source: Bloomberg American mortgage rates hit three-month highs on Thursday amid a supply shortage as more Americans look for bigger properties. DXY is down 0.04%, while Gold is up 1.81%. The average for the 30-year loan surged 3.01%, versus the 2.88% in the previous week. This is the highest since June 24.Prices have surged higher as borrowing costs dipped to historic … [Read more...] about US Mortgage Rates Climb to Three-Month High Amid Low Supply
American Unemployment Claims Climb to Seven-Week High
Source: Department of Labor US jobless claims climbed for the third straight week, marking the highest level in seven weeks. DXY is down 0.06%, XAU is up 1.81%. The seasonally adjusted initial claims for the week ending September 25 stood at 362,000, up 11,000 from the previous week’s 351,000.The latest reading is the highest since claims were recorded at 377,000 at the … [Read more...] about American Unemployment Claims Climb to Seven-Week High
US Second-Quarter Economic Growth Upgraded Slightly to 6.7%
Source: Bureau of Economic Analysis The United States’ economic growth for the second quarter was revised higher, driven by upgrades to personal spending, exports, and private investment. DXY is down 0.10%. The real gross domestic product (GDP) was revised to 6.7%, reflecting an upward revision of 0.1 percentage points.Drivers include personal consumption expenditure, … [Read more...] about US Second-Quarter Economic Growth Upgraded Slightly to 6.7%
European Unemployment Continues to Decline in August
Source: Eurostat Unemployment in both the European Union and the euro area posted a slight decline in August, extending the downtrend of jobless Europeans. The seasonally-adjusted unemployment rate in the Euro area stood at 7.5% in August, down from 7.6% in July 2021 and 8.6% in August 2020.The reading is equivalent to 12.162 million, down by 261,000 from July and 1.861 … [Read more...] about European Unemployment Continues to Decline in August
