Source: Office for National Statistics The United Kingdom's economic performance for the first three months of 2021 was revised slightly lower, with lockdown restrictions reimposed during the month. The first-quarter gross domestic product (GDP) was revised to -1.6%, slightly lower than the earlier estimate of -1.5%. The GDP level is now 8.8% lower than pre-pandemic … [Read more...] about UK First-Quarter GDP Revised Slightly Lower to -1.6%
Forex News
U.S. Business and Consumer Activities Slips to the Four-Month Low
Source: mni Market News The Chicago Business Barometer fell to 66.1 in June following the decline in order backlogs with a slight improvement in supplier deliveries. DJI gains +0.37%. New orders slowed, dropping to a three-month low in June.The index improved to 73.00 in the second quarter, its highest position since 1938.Production level eased in quarter two to 67.9 with … [Read more...] about U.S. Business and Consumer Activities Slips to the Four-Month Low
US Private Sector Adds 692,000 Jobs in June on Robust Labor Market Recoveries
Source: ADP National Employment Report Employment in the US private sector rose by 692,000 in June from May. The job gains underlined robust recoveries in the labor market. SPY gains +0.11%, QQQ is down -0.068%, DXY is up +0.19% Large businesses added the most jobs in June at 240,000.Medium businesses generated 236,000 jobs, while small businesses added 215,000.By … [Read more...] about US Private Sector Adds 692,000 Jobs in June on Robust Labor Market Recoveries
Higher Costs and Supply Issues Drag Chinese Manufacturing to Four-Month Low
Source: National Bureau of Statistics China’s factory output continued to expand in June, but growth fell to its lowest level since February as firms were hit by raw material costs and supply issues. The Purchasing Managers Index (PMI) fell to 50.9 from 51.0 in May, but still above the 50.0 threshold that separates expansion and contraction.The Non-manufacturing PMI eased … [Read more...] about Higher Costs and Supply Issues Drag Chinese Manufacturing to Four-Month Low
USDSEK: Krona Peaks in Weekly Outlook Ahead of Travel Reopening
Sweden’s exports surged 1.1% against 0.9% in the import market in May 2021 (MoM).Sweden’s gross domestic product (GDP) is projected to hit 4.7% in 2021. The EU has lifted travel restrictions against US citizens, with Sweden set to resume relations on June 30, 2021. The USDSEK pair lost 1.39% in the week ending on June 25, 2021, but gained 2.19% (MoM) after closing … [Read more...] about USDSEK: Krona Peaks in Weekly Outlook Ahead of Travel Reopening
