Category: April
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Canada April CPI 2.7% versus 2.7% expected
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Previous month 2.9% Consumer Price Index (CPI) monthly: 0.5% vs. 0.6% estimate Basic measures Bank of Canada Core Consumer Price Index (CPI) YoY +1.6% vs. 2.0% previously Bank of Canada Consumer Price Index (CPI) monthly core at 0.2% versus 0.5% previously Core CPI rose monthly YoY by 0.0% versus 0.1%…
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Company Insolvencies Surge by Nearly 20% in April
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Difficult economic conditions led to an 18 percent increase in corporate bankruptcies during April, as rising debt levels, rising interest rates and spending cuts took their toll. According to data from Companies House, corporate bankruptcies rose to 2,177 in April, compared to 1,838 in March. Over the 12 months to…
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Dollar decline pauses, markets eye April core PCE data By Investing.com
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The recent downtrend of the US dollar has halted, in line with the forecasts of financial institution ING. Analysts noted that US economic data did not provide enough momentum to push the dollar significantly lower at this time. This comes after unemployment claims fell to 222,000 from the previous week’s…
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Shekel strengthens ahead of April CPI
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The shekel is gaining strength today against the US dollar and the euro, and is at its strongest levels against the dollar since early April. In the afternoon interbank session, the shekel was down 0.73% against the dollar at NIS 3.697/$, and down 0.63% against the euro at 4.002/€. On…
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Singapore Non-oil Domestic Exports (NODX) April 2024: +7.6% m/m vs. +7.9% expected
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Singapore’s non-oil domestic exports (NODX) for April 2024 -9.3% YoY vs. -10% expected and -20.8% in March +7.6% m/m vs. +7.9% expected and -8.4% in March A noticeable decline in exports of non-electronic products, primarily medicines. SGD update, strengthened since March NODX data was released in the middle of last…
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U.S. CPI Failed to Impress, Annual Inflation Dipped to 3.4% in April
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The headline US CPI came in weaker than expected with a 0.3% month-on-month increase in April versus an estimated 0.4% increase. This brought the annual CPI reading down from 3.5% to 3.4% as expected. Meanwhile, core inflation only reached the mark, showing a 0.3% monthly increase in core price pressures.…
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Australian Economy Added 38.5K Jobs in April, But Jobless Rate Ticked Higher
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Australia’s employment change figures for April beat estimates, showing a 38.5k increase in employment versus an expected increase of 22.4k. This also represents a strong rebound compared to the previous 5.9K decline in employment. However, the unemployment rate rose from a negatively adjusted 3.9% to 4.1% instead of holding steady,…
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Yes, April CPI was lower than expected, but “don’t get too carried away”
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US CPI data was a little better than expected, and it’s a little too late to say don’t get carried away: Forexlive Americas FX News Summary May 15: Greener grass to the fore as CPI/spending tames ING comments on data and market movements: US Treasury yields fell after what was…
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April CPI higher than expected
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Israel’s consumer price index rose 0.8% in April, higher than economists’ expectations of 0.6%. In the 12 months to the end of April, inflation rose to 2.8% from 2.7% at the end of March, according to figures released by the Central Bureau of Statistics today. Transportation prices rose 3.4% in…
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April home sales up 10% compared with year ago, but monthly sales slow
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Article content OTTAWA — The Canadian Real Estate Association says the number of home sales in April was up 10.1 per cent compared to last year, but it attributed the increase primarily to the early Easter long weekend. The increase came as the average price of a home sold last…
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U.K. Economy Shed Fewer Than Expected Jobs in April, Wages Beat Estimates
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The latest UK employment report was mostly better than expected, with the economy losing just 8.9K jobs in April versus an estimated decline of 13.9K jobs. In addition, previous readings enjoyed notable improvements, reflecting flexibility in the labor market and strong wage inflation. Change in the number of claimants in…
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US producer prices increase more than expected in April
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WASHINGTON (Reuters) – U.S. producer prices rose more than expected in April amid strong gains in the costs of services and goods, suggesting inflation remained high early in the second quarter. The Labor Department’s Bureau of Labor Statistics said Tuesday that the producer price index for final demand rose 0.5%…
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How April CPI inflation data may influence the Fed’s rate path decision (DXY)
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With inflation remaining hotter than desired in the first quarter of 2024, the Fed’s first expected interest rate cut in more than four years continues to push through later in the calendar, with some wondering whether the central bank will lower its benchmark. Standard rate at all this year. Investors…
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April mortgage taking shows continuing recovery
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Taking out a mortgage in April 2024 was 28% higher than it was in April 2023. There was a relatively high amount of mortgage take-up in April when the public took out loans worth NIS 5.91 billion despite the eight-day Easter holiday reducing the number of working days last month.…
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Canadian consumer spending strengthened broadly in April – RBC
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Red blood cells Outside From our monthly Canadian consumer spending tracker, the picture looks positive, with spending increasing in almost all categories. Retail sales, excluding automobiles, saw significant growth during the month, driven largely by higher purchases related to homes, sporting goods and apparel. These trends point to a broader…
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MicroStrategy Bought 122 Bitcoin In April, Now Holds 214,400 BTC
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MicroStrategy, a leading business intelligence and software company, continued its steadfast commitment to Bitcoin by purchasing an additional 122 BTC in April at a total cost of $7.8 million, said founder and CEO Michael Saylor. Announce today. BREAKING: MicroStrategy bought another 122 #Bitcoin For $7.8 million. pic.twitter.com/IZWUNj0kHY – Bitcoin Magazine…
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China’s April CPI +0.3% y/y (vs. +0.1% expected) and PPI -2.5% (expected -2.3%)
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For y/y data: CPI +0.3% Continuing to claw its way out of the downturn This is the third month in a row that the CPI has exceeded zero on an annual basis Expected +0.2%, Previous +0.1% Producer Price Index -2.5% The economy remains in a deep contraction, as it has…
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Kickstart the FX trading day for April 10 w/a look at the EURUSD, USDJPY and GBPUSD.
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In this April 10 introductory video, I take a look at three of the major currency pairs from a technical perspective – EUR/USD, USD/JPY, and GBP/USD. In this report, I also take a quick look at the USD/CAD pair after a stronger than expected April jobs report showed a gain…
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EM Asia sees capital outflows in April amid rate jitters, M.East tensions- ANZ By Investing.com
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Investing.com — Emerging markets in Asia, excluding China, saw sharp capital outflows in April, ANZ analysts said in a note, as appetite for risk-driven assets was hit by expectations of delayed US interest rate cuts and geopolitical tensions. Asian stocks outside China saw total portfolio outflows of $5.9 billion in…
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Meme coin mania sees over 138 tokens launched in April
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Meme coins remain a hot cryptocurrency during the second quarter of this year, following incredible runs for popular tokens like Dogwifhat in the first quarter. Blockchain researcher Crypto Coreo male CoinMarketCap acquired over 138 new memecoins launched under the ERC-20 standard last month. While the number has increased more than…