Chinese factory production growth slowed in April from the jump in the previous month, while retail sales fell below analysts’ expectations, indicating that the recovery in consumption is coming under more pressure. Data from the National Bureau of Statistics on Monday showed that industrial production grew 9.8% in April compared …
Read More »U.S: Industrial Production Expands in April
Industrial Production in the United States expanded by 0.7% on a monthly basis in April, the US Federal Reserve reported on Friday. This reading followed March’s increase of 2.4% (revised from 1.4%) and fell short of analysts’ estimate of 1%.
Read More »Canada: Manufacturing Sales Rise by 3.5% in March
Manufacturing Sales in Canada increased by 3.5% to the highest level since June 2019 at $57.8 billion in March, the data published by Statistics Canada revealed on Friday. This reading came in line with the market expectation. “The capacity utilization rate (not seasonally adjusted) for the total manufacturing sector increased …
Read More »US: Retail Sales Unchanged in April
Retail sales in the United States were unexpectedly flat in April as support ebbed from stimulus payments, but the coming months are likely to see an acceleration as savings reach unprecedented levels and economic activity resumes. Moreover, the Retail Sales Control Group declined by 1.5% after rising 10.7% in March. …
Read More »Crude Oil Futures Rose During The European Session
Crude oil futures rose during the European session on Friday. According to the New York Mercantile Exchange, crude oil futures were traded in June at $64.44 a barrel at the time of writing, up by 0.97%. It previously traded at a session high $64.75 a barrel. Crude oil may find …
Read More »Gold Futures Rose During The European Session
Gold futures rose during the European session on Friday. According to the COMEX, New York Mercantile Exchange, gold futures traded in June at $1834.05 an ounce at the time of writing, up 0.55%. It previously traded at a session high of $1837.50 an ounce. Gold may find support points at …
Read More »Italy Lifts Quarantine Restrictions For Those Coming From Europe, Britain, And Other Countries
The Italian Ministry of Health said that the country will lift quarantine restrictions for travelers from countries of the European Union, the Schengen area, Britain and Israel, starting May 16. Currently, those coming from these countries are subject to a five-day quarantine, with an obligation to undergo an examination before …
Read More »Oil Prices Rise But India’s Coronavirus Infections limit Gains
Oil prices advanced on Friday, May 14, erasing some of the sharp losses incurred in the previous session, as stock markets rose, but the gains were limited by the situation of the Coronavirus in India, the big consumer of crude and the resumption of pipeline work in the United States. …
Read More »Dollar Drops After Fed Eases US Inflationary Tension
The US dollar fell against other major currencies on Friday, May 14th as risk appetite recovered in various markets, after Fed officials this week helped ease tension over the acceleration of inflation in the United States. The dollar, which is considered a safe haven in times of market volatility, fell …
Read More »Spain: Inflation Rate at Its Highest in Two And a Half Years
Consumer prices in Spain rose 2.2% in April 2021 compared to last year, this is the largest increase since October 2018 and in line with preliminary estimates. On a monthly basis, consumer prices rose by 1.2%, the largest increase since April 2012, and matched previous estimates. The Harmonized Index of …
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