Michigan Consumer Sentiment Rises to 61.8; U.S. Dollar Tests Session Lows
The expectations of further inflation decreased from 5.0% to 4.4%.
Tag: Indication
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Sticky Core CPI at 2.9% Pressures Fed as Shelter, Energy Costs Climb
Food prices posted an increase of 0.3%, which is inspired by high costs for beverages (+1.4%) and fruits and vegetables (+0.9%). Egg prices declined by 7.4%, although beef saw a growth of 2.0%. The food index increased to 3.0% year-on-year in total, with the food away from home to 3.8%, which constantly exposes service inflation….
China’s Exports Surge, but US Tariffs Threaten Transshipments; Hang Seng Index Steadies
China’s export growth defies tariffs, but new American levy takes new risks on transmission. Hang Seng and Aud/USD responded as traders weigh China’s export benefits against the US cracks.
China Acts on Jobs as Deflation, Tariffs Threaten 2025 Growth Target
Economists raise red flags on China’s economic trajectory East Asia Econ, a research service specialized in the markets and Macro in China, Japan, Korea and Taiwan, commented on recent Chinese figures. In response to Caixin Services PMI, the forum said: “In Caixin services, the PMI, like the official version, both data and anecdotes are weak….
US Jobless Claims Drop, But Rising Unemployment Signals Trouble Ahead
Insured unemployment climbs the highest since 2021 The insured unemployment depicts claims of ongoing benefits, increased from 10,000 to 1,965,000 for the week ending June 28, the highest since November 2021. The insured unemployment rate remained stable at 1.3%. The average of four weeks for the insured unemployment also increased to 3,500 to 1,955,250. Traders…
Crude Inventories Rise By 7.1 Million Barrels, Exceeding Analyst Estimates
Gasoline inventions fell by 2.7 million barrels from last week.
ADP Reports 33K Job Loss in June, Traders Eye Fed Moves as Services Lead Cuts
Regional weakness and income increase is slow Regionally, Midwest and Western America recorded the biggest decline of 24,000 and below 20,000 respectively, while South added 13,000 jobs, the only area to see net profit. Small businesses were most difficult, with 29,000 roles under 20 employees with losing firms, while large businesses with more than 500…
China Caixin Services PMI Dips, Profit Margins Squeezed—Will Beijing Act?
In particular, private sector firms absorbed the rising cost due to the competitive landscape, which suggests a constant corporate profit crisis. Failure to start further subsidies can put additional pressure on the labor market. Manufacturers and service providers may need to manage fixed costs and reduce staffing levels to limit the impact of competition on…
U.S. Payrolls Beat Forecasts, Easing Rate Cut Pressure as Labor Market Holds Firm
The average hourly earnings increased by 0.2% month-month and 3.7% year-on-year, indicating that the wage increase remains stable without triggering immediate inflation concerns. This mixture of stable wage benefits and medium employment growth can give the Federal Reserve a place to maintain its current policy path, monitoring the softening of inflation. Putting on government work…
ISM Services PMI Rises To 50.8; SP500 Tests Historic Highs
The new order index increased from 46.4 in May to 51.3 in June, while the employment index declined from 50.7 to 47.2. Today, traders also had a chance to take a look at the factory order report for May. The report indicated that the orders of the factory in accordance with the analyst expectations increased…
ISM Manufacturing PMI Rises To 49.0; SP500 Climbs Back Above 6200
More than the analyst’s expectations, Jolts Jobs Opening increased to 7.769 million.
US-China Trade: Tariffs Stay Despite Deal – Eyes on Rare Earths and Deal Commitment
The US-China trade deal leaves the tariff in the impact: what’s next? Last week, a trade agreement was signed by US President Trump and Commerce Secretary Howard Lutnik. However, the details of the agreement were limited, enhancing concerns about the effectiveness of the deal and whether the two sides will stick to the terms. While…
China PMIs Diverge as Services Expand and Tariffs Hit Manufacturing; AUD/USD Holds Gains
In particular, the contract of manufacturing continued, mainly due to the influence of American tariffs. Demand and industry trends of manufacturing sector CN Wire revealed important trends in June PMI survey: Manufacturing production as demand for demand improved 0.3 percentage (PPS) to 51.0%. The new order index rose 0.4 pPS to 50.2, which is above…
Hot Core PCE at 2.7% Pressures Fed, Delays Rate Cut Hopes
Personal income declines, spending slows Personal income fell 0.4% in May after an increase of 0.7% in April, a decline of $ 109.6 billion. Disposable personal income has declined by 0.6%, which reflects high tax burden and slow wage hike. Meanwhile, individual consumption expenditure declined by 0.1%, a fall of $ 29.3 billion to indicate…
Michigan Consumer Sentiment Rises to 60.7; SP500 Tests Historic Highs
The expectations of year-on-year inflation declined from 6.6% to 5.0% in May.