Market Overview - Page 80

Initial jobless claims in the US came in at 245K last week, compared with the previous and expected level of 240K. This figure has been rising since the beginning of the year. It is not a pandemic spike or a.

The labour market situation in the UK is worrying. Claimant counts rose by 28.2K in March, following two months of falls by 21.5K and 18.8K, and forecasts for a fall of 2.5K last month. In a broader picture, the number.

China released a large set of statistics this morning from which it’s difficult to draw clear conclusions, although GDP growth was stronger than expected. The Chinese economy grew by 2.2% in the first three months of the year and is.

Today is not a day rich in economic data. The most important is the Empire State manufacturing index, which came in well above expectations for April. The New York Fed’s index rose to 10.8 from -24.6 the previous month, although.

WTI Crude Oil is trading below $82 a barrel at the start of the new week and remains below its 200-day moving average. Crude oil was not allowed to break above this critical curve for the banks and big players,.

The Swiss Producer and Import Price Index rose by 0.2% in March, slowing the annual growth rate to 2.1% from 2.7%. Producer price pressures are easing faster than expected (2.7% y/y expected). Easing inflation is a long-awaited signal for the.

The Fed’s balance sheet shrank by 17.6 bn last week to 8,615 bn. Down 119bn over three weeks, the balance sheet is still 275bn higher than at the start of March. Pumping liquidity into the financial system helps to support.

US producer prices are the real inflation surprise. A real shock followed yesterday’s mild disappointment in consumer inflation in producer prices. They fell by 0.5% in March, and the annual growth rate fell from 4.9% to 2.7%. This is the.

Last month, US inflation fell more than expected due to cheaper energy and food. The CPI rose 5%, down from 6% the previous month and just below the expected 5.1%. We had warned of this possibility. However, it is challenging.

Despite its proximity to historical highs, the short-term momentum suggests that buying will intensify even on minor pullbacks. A week earlier, gold made a local high of $2030 and then corrected by 2.25%. The intraday chart on Monday afternoon clearly.

The currency market has moved little over the past week, waiting for significant drivers. The Easter lull is likely to end today, as inflation data and the Fed’s March meeting minutes are expected to be released. US inflation reports have.

Investor confidence and retail sales data released on Tuesday beat average market forecasts but showed no improvement over recent months. The Sentix investor confidence index rose from -11.1 to -8.7 in April. This is roughly where the index was in.