Category: expected
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Eurozone July flash services PMI 51.9 vs 53.0 expected
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Previous 52.8 Manufacturing PMI 45.6 vs. 46.1 expected Previous 45.8 Composite PMI 50.1 vs. 51.1 expected Previous 50.9 Eurozone economic growth stalled in July, as growth in services activity slowed and manufacturing conditions continued to slacken. The first reading was four months lower and the second reading was a seven-month…
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Oil: Private survey of inventory shows headline crude oil draw larger than expected
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Figures via oilprice.com on Twitter: – The predictions I saw focused on: Main crude oil -1.6 million barrels Distillates +0.2 million barrels Gasoline -0.4 million — This data point is taken from a special survey conducted by the American Petroleum Institute (API). It is a survey of oil storage facilities…
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Oil: Private survey of inventory shows headline crude oil draw larger than expected
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Figures via oilprice.com on Twitter: – The predictions I saw focused on: Main crude oil -1.6 million barrels Distillates +0.2 million barrels Gasoline -0.4 million — This data point is taken from a special survey conducted by the American Petroleum Institute (API). It is a survey of oil storage facilities…
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Canada May retail sales -0.8% vs -0.6% expected
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Previously +0.7% (revised to +0.6%) Previous cars -1.3% vs. -0.5% expected Previous excluding autos +1.8% (revised to +1.7%) Excluding autos and gasoline -1.4% vs. +1.4% previously The largest decline in sales was at food and beverage retailers (-1.9%). Sales also fell in May at building materials, garden equipment and supplies…
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Canada industrial product prices for June 0.0% vs 0.2% expected
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Previous CPI rates were revised 0.0% to 0.2%. IPPI Rates 0.0% vs. 0.2% Expected IPPI rates are 2.8% annual. Raw Materials Price Index -1.4% vs. -0.7% expected. Previous month -1.5% The wholesale price index rose 7.5% year-on-year for the fourth consecutive year. The rule implemented the annual increase level as…
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US July Philly Fed +13.9 vs +2.9 expected
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Previous was +1.3 6-month index +38.7 vs. +13.8 previously Capital +7.4 vs. +12.1 previously Employment: +15.2 vs. -2.5 previously New Orders: +20.7 vs. -2.2 previously Prices paid: +19.8 vs. +22.5 previously Received prices: +24.2 vs. +13.7 previously Shipments: +27.8 vs. -7.2 previously Unfulfilled Orders: +9.1 vs. +8.9 previously Delivery times:…
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New Zealand CPI eases more than expected in Q2, pushes RBNZ rate cut bets By Investing.com
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New Zealand’s consumer price inflation rate fell more than expected in the second quarter, boosting bets that the economy is slowing at a pace that could prompt an interest rate cut by the Reserve Bank. China’s gross domestic product grew 3.3% year-on-year in the three months to June 30, government…
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Japan PPI (June 2024) +0.2% m/m (expected +0.4) and +2.9% y/y (expected +2.9%)
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Inflation rates are still rising strongly at the wholesale level. The USD/JPY currency pair was little changed around the 161.36 level. — The Producer Price Index (PPI) in Japan is also known as the Corporate Goods Price Index (CGPI). It is a measure of the average change over time in…
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Reserve Bank of New Zealand policy meeting this week – preview (on hold widely expected)
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The Reserve Bank of New Zealand will announce its decision at 2pm NZ time on Wednesday 10 July, which is 0200 GMT on the 10th and 2200 EST on the 9th. Brief comments via Westpac on what to expect: We do not expect any change to the policy rate –…
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PBOC is expected to set the USD/CNY reference rate at 7.2656 – Reuters estimate
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The People’s Bank of China is scheduled to set the exchange rate of the US dollar against the Chinese yuan at around 0115 GMT. The People’s Bank of China, the central bank of China, is responsible for setting the daily midpoint of the yuan (also known as the renminbi or…
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Euro expected to hold ground despite political tremors: Reuters poll By Reuters
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Written by Saroopia Ganguly BANGALORE (Reuters) – The euro is expected to weaken modestly against the U.S. dollar this month before rallying by the end of the year, currency strategists polled by Reuters said, even though financial markets expect two more interest rate cuts by the European Central Bank by…
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JOLTS job openings for May: 8.140M vs 7.910M expected
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The previous month was revised to 7.919 million from the previously reported 8.059 million. The number of JOLTs job openings rose to 8.140 million, above the estimate of 7.910 million. Vacancy rate 4.9% vs. 4.8% last month. Resignation rate 2.2% vs 2.2% last month Details of available job opportunities: Job…
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JOLTS job openings for May: 8.140M vs 7.910M expected
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The previous month was revised to 7.919 million from the previously reported 8.059 million. The number of JOLTs job openings rose to 8.140 million, above the estimate of 7.910 million. Vacancy rate 4.9% vs. 4.8% last month. Resignation rate 2.2% vs 2.2% last month Details of available job opportunities: Job…
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PBOC is expected to set the USD/CNY reference rate at 7.2698 – Reuters estimate
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The People’s Bank of China is scheduled to release the USD/CNY reference exchange rate at approximately 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as the renminbi or renminbi). The People’s Bank of China follows…
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UK House Prices Expected to Stagnate in 2024
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UK house prices are expected to stagnate in 2024, according to a revised forecast from Capital Economics, which now forecasts a modest rise of 0.5%, down from the previous prediction of 2%. This adjustment follows the recent survey conducted by the Royal Institution of Chartered Surveyors (RICS), which revealed a…
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May CPI much lower than expected
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Israel’s consumer price index rose 0.2% in May, well below economists’ expectations of between 0.5% and 0.6%. In the 12 months to the end of May, inflation remained unchanged from last month at 2.8%, according to figures released by the Central Bureau of Statistics today. Economists had expected the inflation…
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May CPI much lower than expected
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Israel’s consumer price index rose 0.2% in May, well below economists’ expectations of between 0.5% and 0.6%. In the 12 months to the end of May, inflation remained unchanged from last month at 2.8%, according to figures released by the Central Bureau of Statistics today. Economists had expected the inflation…
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BOJ Kept Rates Steady As Expected But Delayed Planning For The Reduction Of Bond Purchases To July
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As expected, the Bank of Japan (BOJ) refrained from making monetary policy changes in June after raising interest rates in March. In a unanimous vote, the target range for key short-term interest rates remained at 0.0%-0.10%. Link to the Bank of Japan’s June statement What markets did not expect was…
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Fed Held Rates As Expected, Trimmed Potential Cuts from Three Down to One this Year
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The Federal Open Market Committee (FOMC) maintained the target range for the federal funds rate at 5.25-5.50% as expected in its last announcement. Their official statement acknowledged this “There has been modest additional progress towards the committee’s 2% inflation target.” In recent months, which has been more optimistic compared to…
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PBOC is expected to set the USD/CNY reference rate at 7.2384 – Reuters estimate
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The People’s Bank of China is scheduled to release the USD/CNY reference exchange rate at approximately 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as the renminbi or renminbi). The People’s Bank of China follows…