The U.S. Dollar (USD) is rising on Tuesday, supported by the increase in Treasury bond yields. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.37% at 93.29. The index has been moving today in a range between 92.88 …
Read More »Producer Prices in Brazil Register Highest Increase on Record
The producer price index (PPI) in Brazil increased last month to its highest level on record, as the biggest economy in Latin America continues to struggle with the impact of the Coronavirus pandemic. Producer prices rose by 5.2% on a monthly basis and by 28.6% on an annual basis, reaching …
Read More »Wall Street Opens Lower as Treasury Yields Rise
The main indices of the New York Stock Exchange (NYSE) opened lower on Tuesday, amid a surge in the U.S. Treasury bond yields. The Dow Jones Industrial Average is down by 75.32 points, or 0.23%, at 33,096.05 points. The S&P 500 index declined by 12.44 points, or 0.31%, at 3,958.65 …
Read More »US: CB Consumer Confidence Index Rose in March
Consumer confidence in the US improved sharply in March with the Conference Board’s Consumer Confidence Index rising to 109.7 from 90.4 in February. This reading beat the market expectation of 96.9 by a wide margin. Further details of the publication showed that the Present Situation Index jumped to 110 from …
Read More »Canada: Average weekly Earnings Rise in January
The average weekly income of non-farm employees in Canada grew 8.3% Y-o-Y to 1,135 CAD in January 2021, after a bullish rate of 6.9% in December. It was the largest gain in profits since July, as job losses since February 2020 have been concentrated among hourly and lower-paid employees.
Read More »Germany: Annual HICP stays rises to 2% in March
Inflation in Germany, as measured by the Consumer Price Index (CPI), edged lower to 0.5% on a monthly basis in March from 0.7% in February. On a yearly basis, the CPI rose to 1.7% and both of those readings came in line with analysts’ estimates.
Read More »France: Consumer Confidence Rises in March
French consumer confidence rose unexpectedly in March despite new restrictions on the coronavirus in large parts of the country and the possibility of further restrictions, official data showed on Tuesday. The French Statistical Office stated that the monthly consumer confidence index rose to its highest level since December, reaching 94 …
Read More »Optimism in Eurozone Beats Expectations in March
Data on Tuesday, March 30, showed that Eurozone economic sentiment rose much more than expected in March, surpassing the long-term average for the first time since the coronavirus pandemic hit Europe 12 months ago, while Germany led the improvement. A monthly survey from the European Commission revealed that economic sentiment …
Read More »Currencies Overview: The Dollar is Winning as US Treasury Yields Rise
The dollar rose against major currencies on Tuesday (March 30th) and rose to a one-year high against the yen as the acceleration of COVID-19 vaccinations and plans for massive stimulus packages in the United States fueled inflation expectations and Treasury yields. The safe-haven dollar was generally supported as investors understood …
Read More »The US And The European Union Expressing Their Desire For More Positive Trade Relations
US Trade Representative Katherine Tai said she told European Union antitrust chief Margrethe Vestager today, Monday, that she has a “strong desire to develop a more positive and constructive business relationship” with the bloc. Tai said in a statement that she and Vestager have agreed to work together on key …
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