CB Consumer Confidence Drops To 93.0; U.S. Dollar Tests Session Lows
The report indicated that confidence in all age groups and almost all income groups declined.
Tag: Foreign currency
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Existing-Home Sales Edge Higher in May Despite Mortgage Rate Pressure
Inventory increases – a relief for tight supply conditions? Inventory saw a significant improvement, the total housing stock is growing by 6.2% to 1.54 million units from April, increasing by 20.3% from last year. This is equal to the supply of 4.6 months, 4.4 months in April and above 3.8 months in May 2024. While…
Housing Starts Plunge as Layoffs Rise—Is the U.S. Economy Losing Its Momentum?
The single-family rises slightly above 924,000-0.4% above April-for minimal relief. The building permit, a forward -looking indicator, also declined from 2% to 1.393 million, suggesting that the recession may remain in summer. The single-family permit fell 2.7%, while the multi-family authority fell to 444,000 units. Perfection increases, but can builders maintain speed? Housing perfection offered…
Philly Fed Survey Flags Manufacturing Slump as Jobs and Orders Weaken
Prices increase despite some spontaneity While the input cost pressure softens, they remain sufficient. The index index indexes fell by 18 points to 41.4, but no firm reported a fall in cost. On the revenue side, the price index obtained fell to 29.5, indicating a slight decline in pricing power. However, the broader direction remains…
Global Economic Outlook: US, Europe Grow More Slowly Than Expected Amid Trade, Geopolitical Tensions
*Changes in compared to the global economic outlook forecast of October 2024. Negative growth rate presented in brackets. Source: Scope rating forecasting, regional and national statistical offices, IMF.Defense, infrastructure spent to reduce strong 2026 growth in Europe Scope expects a strong growth in Europe in 2026 as defense spending increases and governments implement measures to…
UK Retail Sales Tumbles 2.7% in May, Signaling a BoE Rate Cut; GBP/USD Slides
Weak UK retail data revives the BOE rate cut talk; Inflation and labor trends of services remain major policy obstacles.
Fed Leaves Rates Unchanged; Raises Rate Projections For 2026 And 2027
Fed has also increased the estimates of PCE inflation for 2025, 2026 and 2027.
NAHB Housing Market Index Drops To 32; U.S. Dollar Tests Session Highs
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Bulgaria Poised to Join the Euro: An Interview with Scope Ratings’ Dennis Shen
Mistake lines in Bulgaria among the European-European forces are calling for the intensity of the Sangh, and those who are in favor of coordinating with Russia are playing daily in the nation. The European Union believes that any kind of delay in either can lead to euro entry in the fundamental doubt given to anti-euros…
Michigan Consumer Sentiment Rises To 60.5; SP500 Drops Below 6000
The expectations of further inflation declined from 6.6% to 5.1%.
UK GDP Slide Fuels BoE Rate Cut Speculation Ahead of Key CPI Report; GBP/USD Dips
“The latest UK Labor Market data continued to weaken the employment situation, although BOEs are still ready to stand on Pat on the policy next week.” Today’s GDP data adds weight in case of cutting a near -term BOE rate. However, on 18 June, the upcoming UK may prove to be important in inflation reports….
China Deflation Signals Deepen, Raising Stakes for Trade Talks; AUD/USD Holds Gains
The prices of China’s consumer and manufacturer fall again, putting pressure on policy makers as the US and China prepare for trade talks.
U.S. Jobless Claims Hit 247K; Rising Averages Signal Labor Market Softening
Uncontrolled claims signal seasonal indication Inadvertently, early claims have declined by 1.5%, but the decline was less than 5%, which was weak-to-normal seasonal recruitment activity. Compared to this week in 2024, inadvertently the initial claims are more than 12,000. The insured unemployment on an inappropriate basis also fell from 18,524 to 1.757 million, slightly higher…
German Exports and Industrial Production Slide as Tariffs Bit; EUR/USD Dips
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Labor Market Delivers Mixed Signals Despite Strong Payroll Gain
However, the federal government’s employment declined by 22,000 in May, a bottom trend that has shed 59,000 posts since January. Losing 8,000 jobs, the report also weighed on the report, while the retail trade fell by 6,500, which reflects a soft consumer activity. Unemployment rate flat, but participation metrix signal weakness The unemployment rate remained…