The consumer confidence indicator in the European Union and the Euro zone climbed back to pre-pandemic levels in May, the European Commission reported in a statement. The DG ECFIN flash estimate of the consumer confidence increased in both regions by 3.0 points in May.The indicator for the European Union stood at -6.0 points, back to its pre-pandemic level.The EU aggregate … [Read more...] about Consumer Confidence In Euro Zone Back To Pre-Pandemic Levels In May
Forex News
Japan’s Private Sector Output Falls Back To Contraction Amid Reimposition Of State Of Emergency
Japan's private sector reported a contraction in May as a state of emergency was reimposed, according to IHS Markit. The au Jibun Bank Flash Japan Composite PMI fell to 48.1 in May to fall below the 50 threshold that separates contraction and expansion.The PMI was recorded at 51.0 in April, which was preceded by 14 consecutive months of recession.The state of emergency … [Read more...] about Japan’s Private Sector Output Falls Back To Contraction Amid Reimposition Of State Of Emergency
UK Retails Sales Up 9.2% As Lockdown Restrictions Eased
Retail sales in Great Britain posted a 9.2% monthly growth in April after lockdown restrictions were eased in several areas, according to the Office for National Statistics. Both value and volume of sales climbed 9.2% in April, signaling a continued recovery after the growth in the two months prior.Retail sales value surged by 43.4% and volume by 42.4% when compared with … [Read more...] about UK Retails Sales Up 9.2% As Lockdown Restrictions Eased
China Reports Decline In Industrial Commodity Prices After Government Clampdown Announcement
Chinese prices of steel and steelmaking ingredients slipped on Thursday after the cabinet announced tighter measures on the industrial commodities. Prices of iron ore, coking coal, rebar, and hot-rolled coil all fell by over 5%, as metal traders were worried by China's crackdown on the industry.The cabinet a day earlier said it will boost its efforts on managing the … [Read more...] about China Reports Decline In Industrial Commodity Prices After Government Clampdown Announcement
U.S. Jobless Claims Fall To 14-Month Low
Unemployment insurance claims fell further for the seven days ending on May 15 to mark the lowest since the COVID-19 pandemic hit, the Labor Department reported. Seasonally adjusted initial claims declined by 34,000 to 444,000, the lowest since March 14, 2020's 256,000.The previous week's level was revised upward by 5,000 to 473,000 from the 478,000 earlier reported.The … [Read more...] about U.S. Jobless Claims Fall To 14-Month Low
