CB Consumer Confidence Jumps To 98.0; U.S. Dollar Tests Session Highs
Average 12 -month inflation expectations declined from 7% in April to 6.5% in May.
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Jobless Claims Dip to 227K, But Rising Continuing Claims Signal Labor Market Strain
Constant claims hit the high level of multi-year, pointing to weak reconsideration trends Constant claims for the week ended on May 10 increased from 36,000 to 1.903 million, while the 4-week moving average increased to 1.887 million-the highest level since-November 2021. These figures indicate that unemployed individuals have been excluded over work, an indication that…
US Flash PMIs Climb to 52.3 as Tariffs Drive Prices to Highest Since August 2022
Price pressure mount in federal reserve focus The value acceleration was widespread-based. Manufacturing production prices recorded their fastest monthly growth since September 2022, while services recorded the highest increase in allegations since April 2023. These tricks, tied directly to the tariffs on imported goods, pushed the overall selling price at the levels not seen since…
U.S. Housing Market Shows Strength as New Home Sales Beat Expectations in April
Inventory remains high, but market absorption improves The number of new houses for sale in late April was at 504,000 units – slightly from March, but still 8.6% more than a year ago. The more important thing for the market is that the supply of months has come down from 9.1 to 8.1, indicating rapid…
UK Retail Sales Surprise Fuels BoE Rate Cut Uncertainty; GBP/USD Eyes $1.35
“I worry about the fact that inflation has been very high, and the dynamics of payment have been stubbornly strong.” While inflation and spending pressure challenged BOE pigeons, PMI data resumes uncertainty on the rate path. The May flash PMI survey further indicated a sharp recession, potentially revived bets on BOE rate cuts. Simon Pitve,…
EIA Reports 120 Bcf Natural Gas Build, Surpassing Forecasted Injection
Are regional storage levels supporting the bending of recession? Yes. All major areas posted benefits, adding 39 BCFs to the South Central Region – a significant contributor to the national growth. In particular, the nonsalt storage in the area increased from 26 BCF, which shows weak power and strong production. Midwest and East regions indicated…
Oil News: EIA Reports Surprise Crude Build, Pressuring Oil Outlook and Futures
Inventory Defty Market Creates expectations Commercial raw inventions increased by 1.3 million barrels, increased the total shares to 443.2 million barrels to 6% below the five -year seasonal average. The build rapidly deviated with the expectations of consensus for the 900,000 barrel draw draws. Gasoline invention increased by 0.8 million barrels and 2% below seasonal…
Walmart Beats Q1, Gains 2.5% Premarket on E-Commerce Strength and Solid U.S. Sales
How did Walmart stack on the top and bottom line? The adjusted income came ahead of $ 0.58 forecast to $ 0.61 per share. The revenue was a total of $ 165.61 billion, which is estimated to be $ 165.84 billion. The sales of comparative US stores rose 4.5%, with Sam’s club increased by 6.7%,…
China Retail Pullback Tests Beijing’s Consumer-Driven Strategy; Hang Seng Climbs
Retail sales are ease, but falling unemployed rates indicate stimulation traction between US-China trading stresses.
Retail Sales Stall as PPI and Fed Surveys Signal Uneven Consumer Demand
More information in our economic calendar.Manufacturer Price Index Slides: Does soft wholesale pricing pricing confirm the weakness of demand? The manufacturer price index (PPI) for final demand fell 0.5% in April, its biggest decline in a year. Final demand services reduced the decline down 0.7%, led by the standing margin compression in business services –…
EIA Natural Gas Storage Build Of +110 Bcf Meets Analyst Estimates
Natural gas prices decreased as traders reacted to the EIA report.
U.S., China Strike Trade Deal in Geneva—Markets Await Tariff Clarity
Was it a real reset – or a break button? Greer said that how quickly the two sides come on conditions, suggesting that disagreement could be less than expected. He called the meetings “very creative”, and emphasized that President Trump was directly connected and fully briefed. Trump himself called it a “total reset” and praised…
China Inflation Report Signals Weakening Demand ahead of US-China Trade Talks
China’s deflation risks proceed to American trade dialogue, pressurizing the spirit and potentially hangs the Seng index support.
Jobless Claims Drop Below Forecast, But Labor Market Softness Keeps Traders Cautious
Uncontrolled claims show a big fall from expectation Unknowingly initial claims fell to 206,937 – 2% decline of 7.6% compared to seasonal expectation. It overtook last year’s 210,050 level. The decline in raw numbers indicates real improvement in trimmed activity, especially when it is believed to fall with a decline in unemployment without insured, which…
EIA Natural Gas Storage Build Of +104 Bcf Exceeds Estimates
At current levels, the stock is 412 BCF lower compared to the previous year.