Market Overview - Page 84

In April, the US economy added 253k jobs, surpassing expectations of 181k. Over the past 12 months, actual data has consistently exceeded expectations for this indicator. However, the previous month’s downward revision was considerable, from 71k to 165k. The unemployment.

The Swiss franc declined, losing about 1% to 0.8920 after a fresh batch of macroeconomic data. The unemployment rate remains at 1.9%, a historic low. But at the same time, inflation is surprising, falling short of forecasts. The consumer price.

The European Central Bank raised interest rates by a quarter of a percentage point to 3.75%, duplicating the Fed’s move the day before. This was the move that market analysts had been predicting, although some central bank officials had been.

The price of gold rose by almost 2% on Tuesday after reports of another round of regional bank problems in the US. Quite quickly, the price stabilised around $2015. This surge allowed gold to bounce back from the lower end.

The Reserve Bank of Australia surprisingly did what it promised to the markets. The RBA this morning raised the rate by 25 points to 3.85%, warning that it may further tighten monetary policy. The Bank had previously urged markets to.

WTI oil stabilises near $75 for the third day at the lowest monthly level. The economic slowdown is dragging down the Crude, but OPEC+ coordination supports the market. Oil has returned to a range from which an exit promises to.

Gold has flirted with $2000 three times in the last three years. This time, however, it is more likely that the bulls will soon be able to hold higher for longer, as gold’s rally now has a slightly different character..

Consumer price inflation in Japan is in no hurry to slow down. In March, prices rose 3.2% y/y, compared with 3.3% in February and an expected 2.6%. The core price index excludes food and energy but has not yet peaked,.

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.