The annualized pace of US real GDP growth in Q1 2022 came in at a negative 1.4%, according to data released by the US Bureau of Economic Analysis on Thursday. That was a big miss on expectations that the economy had grown at an annualized pace of 1.4% in Q1 …
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The GBP/JPY pair was last trading lower by 1.1%, after extending on last Friday’s slightly larger loss to fall back to near the 163.00 level for the first time in nearly two weeks and, in doing so, drop below its 21-Day Moving Average (currently at 163.18) for the first time …
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The size of China’s economy was $17.7 trillion in 2021, according to official figures, so 5.5 percent growth would mean about $1 trillion more in 2022. Using growth in 2019 as a basis for comparison, business investment in China would need to contribute about 1.5 percentage points toward the 5.5 …
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The US Commerce Department on Thursday said that retail sales rose a seasonally adjusted 0.5% in March from a month earlier. That was a tad less than the 0.6% gain that economists polled by The Wall Street Journal were looking for, but there were also revisions to the previous two …
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Commodities wrapped up their best quarter in over 32 years in the aftermath pf Russia’s invasion of Ukraine supercharged a rally in markets from oil to wheat and nickel.The commodities’ rally extends last year’s rebound, which was driven by higher consumer demand for goods and services when the economy reopened …
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US equities are trading mixed after Wall Street’s opened two hours ago. The losers are the S&P 500 and the Dow Jones Industrial Average, each losing between 0.15% and 0.49%, sitting at 4537.05 and 34,691.34, respectively. The gainer is the heavy-tech Nasdaq Composite gaining 0.25% at 14,787.13 around 15:33 GMT. …
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The sterling begins the trading week down by 100-pips amid broad US dollar strength in the financial markets, courtesy of higher yields as market players expect a 50 bps increase to the Federal Funds Rate (FFR) by the US central bank. The market sentiment is mixed as European shares rise, …
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China’s economic growth is forecast to slow amid fresh coronavirus outbreaks, denting profits for US firms. But disruptions to Chinese manufacturing could steer factory orders to Southeast Asia.US companies stand to earn less this year in China as growth slows in the world’s second largest economy. Slowing growth in the …
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San Fransisco Fed President Mary Daly said on Tuesday that the US now has policy-supported demand combined with fragile supply chains, which is a recipe for inflation. Key Quotes On Monetary Policy“It’s time to remove accommodation, marching up to neutral, looking if we need to go over neutral.”“Right now full …
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Oil prices strongly rebounded on Thursday, with front-month WTI futures surging nearly USD 8.0 to the USD 102s. While prices are still USD 27 below last week’s highs, Thursday’s rally may signal an end to the recent bear run.Oil prices have seen a strong rebound on Thursday, with front-month WTI …
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