Category: expected
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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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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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This Week’s US Inflation Reports Are Expected to Shake Crypto Markets
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Cryptocurrency markets remained flat over the weekend after falling last week, bringing total capital down to $2.38 trillion. This week’s economic calendar could bring further volatility as key inflation data is announced alongside a number of Federal Reserve speeches, which could indicate the direction of monetary policy going forward. Economic…
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Weaker supply will drive platinum deficit higher than expected in 2024, WPIC says By Reuters
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Written by Paulina Devitt LONDON (Reuters) – The global platinum deficit in 2024 will be deeper than previously expected due to lower supplies from mines in South Africa and Russia, the World Platinum Investment Council said on Monday. The 2024 deficit of 476,000 ounces will be smaller than the 851,000…
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PBOC is expected to set the USD/CNY reference rate at 7.2284 – Reuters estimate
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The People’s Bank of China is scheduled to release the reference USD/CNY exchange rate at around 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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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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Bank of England Expected to Maintain Interest Rates Amid Economic Uncertainty
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The Bank of England is expected to keep interest rates steady at 5.25%, the sixth consecutive fix on Thursday. This decision comes against the backdrop of continued high inflation, which currently stands at 3.2%, which exceeds the bank’s target of 2%. In addition to the interest rate announcement, the bank…
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Spain April Final Services PMI 56.2 vs. 56 expected
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Services PMI: 56.2 vs. 56 expected and 56.1 previously. Composite PMI 55.7 vs. 55.3 previously. Key findings: Stronger gains in activity, although new business growth slows. The numbers of jobs are increasing sharply. Inflation rates remain high. comment: Commenting on the PMI data, Jonas Wildhusen, Junior Economist at Hamburg Commercial…
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PBOC is expected to set the USD/CNY reference rate at 7.2127 – Reuters estimate
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The People’s Bank of China is scheduled to release the reference USD/CNY exchange rate at around 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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Dollar drops as employers add fewer jobs than expected in April By Reuters
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Written by Karen Brettell NEW YORK (Reuters) – The dollar fell to a three-week low against the yen on Friday after data showed U.S. job growth slowed more than expected in April and annual wage gains slowed, raising bets that the Federal Reserve (the U.S. central bank) will cut… Interest…
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Eurozone Final April Manufacturing PMI 45.7 vs. 45.6 expected
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In the Eurozone, the April manufacturing PMI was 45.7 versus 45.6 expected and 46.1 previously. Key findings: Eurozone HCOB manufacturing PMI at 45.7 (March: 46.1). Lowest level in 4 months. Eurozone HCOB manufacturing PMI output index at 47.3 (March: 47.1). Highest level in 12 months. Factory output is falling at…
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DBS quarterly results trounce forecasts, another record year expected By Reuters
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By Yantultra Ngoy SINGAPORE (Reuters) – Singapore’s largest bank DBS Group (OTC:) on Thursday reported first-quarter results that beat expectations with broad-based growth, and said it expects net profit to surpass last year’s record result. Due to strong business momentum with loans growing and fee income and treasury client sales…