Eurozone retail sales came in at 0.3%m/m in July vs. 0.4% expected. Retail sales in the bloc came in at -0.9% yoy in July vs -0.7% expected. Eurozone retail sales rose 0.3% mom in Julyversus 0.4% expected and -1.0% previously, official figures released by Eurostat showed on Monday. In annual terms, the bloc’s retail sales […]
Tag: EconomicIndicator
Eurozone: Sentix Investor Confidence Deteriorates to -31.8 in September vs. -27.5 Expected
The Sentix index of investor confidence in the euro zone stood at -31.8 points in September, compared to -25.2 in August and -27.5 expected. The index interrupted its recovery amid growing fears of a recession. The eurozone current situation index fell to -31.8 points in September, from -25.2 in August. The expectations index fell to […]
China: Caixin/S&P Global Services PMI falls to 55.0 in August from 55.5 prior
The Caixin/S&P Global services PMI for August stood at 55.0 points compared to 55.5 the previous monthwhich shows that the growth of the country’s service sector activity slowed down in the reported month. August survey data suggests that the rally was supported by a strong increase in global saleswhile companies reported a higher number of […]
US: House price index up 0.1% in June, vs. 1.1% expected
US house prices rose at a softer-than-expected pace in June. The Cholar Index remains down in the American session. Monthly data released by the US Federal Housing Finance Agency on Tuesday showed that the house price index rose 0.1% on a monthly basis in June. This data follows the increase of 1.3% in May and […]
The Japanese government maintains the view that the economy is gradually improving
In its monthly financial reportthe government of Japan maintained the view that its economy is “moderately picking up”while raising the prospects for factory output. Key points “The economy is picking up moderately.” “It is expected to pick up in the future, as we are willing to take all possible measures to avoid infections as socioeconomic […]
USD/CAD updates its daily high and breaks above 1.3000 after the US data.
USD/CAD regains positive traction on Wednesday and reverses some of the overnight decline. Increased bets on an aggressive Fed rate hike help revive dollar demand and extend support. Mostly bullish US Durable Goods Orders continue to support intraday USD strength. A rebound in oil prices could prop up the loonie and keep any significant upside […]
German exports outside the EU fall in July – Reuters
European economic powerhouse Germany started the second half of this year on a weak note, as the country’s exports outside the European Union (EU) fell by 7.6% in the month of Julythe Federal Statistical Office reported on Monday. Highlights (via Reuters) “The United States remained the most important trading partner for German exporters in July, […]
USD/JPY oscillates in a range around 135.00, with upside potential intact
USD/JPY oscillates between tepid gains and small losses during the early American session. The political divergence between the Fed and the Bank of Japan continues to undermine the yen and offers support to the pair. The pullback in US bond yields appears to act as a dollar headwind and limits any significant gains. The pair […]
USD/CAD remains defensive below 1.2900 after US data, downside remains limited
USD/CAD has seen an intraday reversal from the one-week highs reached on Thursday. Oil price rebound underpins loonie and puts pressure amid modest dollar pullback. Upbeat US macro data and aggressive Fed expectations should cap and support the dollar. The pair USD/CAD it retraces from a week and a half high reached this Thursday and […]
China closes its factories due to heat wave as weather and economic problems mount – Washington Post
The US daily Washington Post published an article on Tuesday, citing that Chinese authorities ordered factories to suspend production in several regions major manufacturing plants to preserve electricity as the country grapples with its worst heat wave in six decades. Featured Comments “The sichuan provincewhere more than 80 million people live,announced on Monday that factories […]