Source: Sentix The Eurozone overall index posted its first expansion since July 2021 in November, driven mainly due to improved expectations. EZU is up 0.08%. The Overall index for the Eurozone stood at 18.3 points in November, marking the first growth in four months since July.The climb was attributed to the rise in expectations, up by 5.2 points.The overall index was … [Read more...] about Eurozone Overall Index Expands for First Time in Four Months
Forex News
Nonfarm Payrolls Up 531,000 to Bring Unemployment Rate to Pandemic-Low
Source: Bureau of Labor Statistics Nonfarm payrolls jumped by over half a million in October, bringing the unemployment rate to its lowest level since the COVID-19 pandemic hit. Total nonfarm payroll employment grew by 531,000 in October, bringing the monthly growth average to 582,000.Nonfarm employment has grown by 18.2 million so far but remains 4.2 million or 2.8% … [Read more...] about Nonfarm Payrolls Up 531,000 to Bring Unemployment Rate to Pandemic-Low
Chinese Government Bonds Climb Amid $16 Billion Liquidity Infusion
Government bonds of China are set for their biggest weekly advance in three months after injection in liquidity, Bloomberg reported. The yields on China’s 10-year sovereign bond fell by two basis points to 2.90%, bringing the week’s decline seven basis points.The latest decline comes as the central bank boosted short-term cash to 100 billion yuan on Friday, after boosting it … [Read more...] about Chinese Government Bonds Climb Amid $16 Billion Liquidity Infusion
UK House Prices Surges to Record High, Over £270,000 For The First Time
Source: Halifax UK property prices have surged to a record high of £270,027 as buyers continue to look for space. FTSE 100 up +0.64%, GBP USD down -0.38% The typical home price has increased by 8.1 percent in the last year since the start of the pandemic when the rises rose by £31,500.Halifax’s index stated that the value of the average property expanded by 0.9% between … [Read more...] about UK House Prices Surges to Record High, Over £270,000 For The First Time
Retail Sales Falls in the Euro Area and EU in September
Source: Eurostat The Euro area posted a 0.3% fall in retail trade volume in September from August, a higher decline compared to a 0.2% decrease in the EU. DAX is up +0.11%, EURUSD is down -0.19%. On a year-over-year basis, the retail sales volume rose by 2.5% and 3.2% in the euro area and EU, respectively.Retail sales in non-food products increased by 1.5% in the euro … [Read more...] about Retail Sales Falls in the Euro Area and EU in September
