Source: IHS Markit Output growth in the United Kingdom posted a slight improvement in October to mark the first acceleration in five months, on improved orders and employment. EWU is up 0.18% premarket. The seasonally adjusted IHS Markit/CIPS Purchasing Managers’ Index stood at 57.8 in October, above the 50 threshold that separates expansion from contraction.The latest … [Read more...] about UK Output Growth Accelerates for First Time in Five Months
Forex News
AUDUSD Forecast Ahead of RBA and Fed Decisions
The AUDUSD price was under pressure on Monday morning as investors refocused on the upcoming interest rate decisions by the Reserve Bank of Australia (RBA) and the Federal Reserve. The pair declined to 0.7500, which was slightly below last week’s high of 0.7550. RBA decision The RBA started its two-day monetary policy meeting on Monday morning and is scheduled to publish … [Read more...] about AUDUSD Forecast Ahead of RBA and Fed Decisions
Consumer Sentiment Slips on Inflation Uncertainties
Source: University of Michigan Consumer sentiment fell slightly in October due to the uptick in inflation and the declining confidence in government policies. The Index of Consumer Sentiment stood at 71.7, down 1.5% from September’s 72.8 and 12.3% lower than 81.8 the same month last year.Current Economic Conditions fell to 77.7, down 3.0% from September’s 80.1 and 9.5% … [Read more...] about Consumer Sentiment Slips on Inflation Uncertainties
Personal Income Down in September as Social Benefits Decrease
Source: Bureau of Economic Analysis Personal income in the United States slipped in September, as government social benefits decreased during the month. Personal income fell $216.2 billion, down 1.0% from the previous month. This follows three consecutive months of growth.Disposable personal income fell $236.9 billion or 1.3%, while private consumption expenditures grew … [Read more...] about Personal Income Down in September as Social Benefits Decrease
Eurozone Inflation Seen at 13-Year High in October
Source: Eurostat Annual inflation in the Euro area is expected to have surged to a 13-year high in October, driven mainly by higher energy and services prices. IEV is down 0.53% premarket. Inflation is expected to clock in at 4.1% in October, up from 3.4% in September and -0.3% in October.Should it be realized, the figure is the fastest in 13 years since July 2008 and … [Read more...] about Eurozone Inflation Seen at 13-Year High in October
