Category: reading
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January CPI reading lifts inflation, housing prices rise
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The consumer price index in Israel (CPI) increased by 0.6 % in January, according to the numbers issued by the Central Bureau of Statistics today. It was expected to increase analysts with an increase of 0.5 % -0.6 %, after the consumer price index decreased by 0.3 % in December…
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Unexpectedly low December CPI reading cuts 2024 inflation
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The Israeli CPI fell 0.3% in December, more than expected with analysts expecting a 0.1% decline, after the CPI rose 0.5% in October. In the twelve months of 2024, the inflation rate fell to 3.2%, from 3.4% at the end of November, according to figures released by the Central Statistics…
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Dow jumps 700 points, Nasdaq soars 2.5% after cool CPI reading
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US stocks rose on Wednesday as high hopes for bank earnings paid off and an important update on consumer inflation showed that headline prices rose less than expected in December. The S&P 500 (^GSPC) rose more than 1.8%, while the Dow Jones Industrial Average (^DJI) rose more than 1.6%, or…
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Knesset passes budget first reading as Ben-Gvir votes against
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Last night, the Knesset passed the first reading of the 2025 budget by a narrow majority of 59 votes to 57, although National Security Minister Itamar Ben Gvir voted against the bill. The budget will now be discussed by the Knesset Finance Committee before being returned to the Knesset General…
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Knesset gives first reading to bill to abolish public broadcasting
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Today, the Knesset gave a first reading to the bill submitted by MK Tali Gottlief (Likud) and approved by the Ministerial Legislation Committee to privatize the Israeli Public Broadcasting Corporation, which broadcasts under the name “Kan.” The vote was in favor of 49 Knesset members versus 46 members. against. Communications…
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Canada’s Annual Headline CPI Slowed to 2.0% in August, Lowest Reading Since February 2021
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Canada released another batch of weaker-than-expected inflation numbers, with the core consumer price index slowing from 2.5% to 2.0% year-over-year in August — its lowest reading since February 2021. On a monthly basis, the headline CPI fell 0.2% versus consensus for a flat reading and a previous increase of 0.4%.…
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August CPI reading far above expectations
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Israel’s consumer price index rose 0.9% in August, well above analysts’ expectations of 0.5% to 0.6%. In the 12 months to the end of August 2024, the inflation rate rose to 3.6% from 3.2% at the end of July, according to figures released by the Central Bureau of Statistics today.…
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UK’s flash composite PMI reading at 52.7 in July
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Joseph Clark The seasonally adjusted global PMI for the UK rose from 52.3 in June to 52.7 in July, slightly higher than 52.6. The services PMI came in at 52.4, up from 52.1 in June, its highest level in two months. flash The manufacturing PMI came in at 51.8, up…
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Crude oil edges higher as U.S. inflation reading bolsters rate cut hopes (NYSEARCA:USO)
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SlavkoSereda/iStock via Getty Images Crude oil futures rose for a second straight session on Thursday, as a weaker-than-expected reading on U.S. inflation was seen increasing the chances of a September interest rate cut by the Federal Reserve. The US government announced that the consumer price index fell. The U.S. inflation…
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US dollar extends decline after poor pending home sales reading
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The US dollar hit intraday lows after the worst pending home sales report in three years. The 7.7% monthly decline in April highlights the impact of rising interest rates, especially as Treasury yields rose during the month. EURUSD 10 minutes The market is struggling to figure out where the American…