Industrial production in the US fell significantly in February amid severe weather conditions. A slight increase was expected. The industrial production in the United States contracted 2.2% in Februarythe US Federal Reserve reported on Tuesday. This reading followed the January expansion of 1.1%. It was below the market expectations of an increase of 0.6%. “The […]
Tag: U.S.
Retail sales fall much more than expected in February
The retail sales showed figures below expectations on performance in the month of February. This generated a rise in the dollar in the market and a fall in the stock markets. The Sales fell 3% in February, with the consensus pointing to a 0.5% decline. On the positive side, the January figures were revised from […]
Empire Manufacturing Index rises more than expected in March to 17.4, the highest level since 2018
Empire Manufacturing Index rises to 17.4 in March, highest reading since November 2018. The dollar rises modestly after the report. The manufacturing survey, known as Empire, prepared by the regional bank of the Federal Reserve of New York, showed a rise in the main index in March, climbing to 17.4, from 12.1; the reading being […]
University of Michigan consumer sentiment improves forecasts and rises to one-year highs
The index of March preliminary University of Michigan consumer sentiment has risen to 83 points from 76.8 in February, notably exceeding the 78.5 expected by the market. March is the best result obtained by the indicator in the last year, specifically since March 2020. . Donald WestbrookDonald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for […]
Producer inflation rises 0.5% in February, in line with expectations
Wholesale inflation rises overall in line with expectations in February. Annual PPI reaches highest level since October 2018. The dollar retreats and trimmed gains after data that slightly boosted Treasury bonds. The producer price index (PPI) in the US it rose 0.5% in February, in line with expectations. In January it had climbed 1.3%. Compared […]
$ 24 billion in 30-year bonds sold at a high yield of 2,295%
In the last auction, EE.UU. It sold $ 39 billion in 29-year, 11-month notes with a high yield of 2,295% and granted 37.36% of the offers at the maximum. Primary distributors took 19.21% of the promissory notes, direct and indirect sales were 20.24% and 60.55%, respectively. Market reaction With the initial market reaction, the yield […]
JOLTS job vacancies rise to 6.9 million in January from 6.6 million expected
US JOLTS job openings continued to increase in January. The US Dollar Index remains in negative territory below 92.00 after the data. The number of vacancies on the last business day of January was 6.9 million, announced Thursday the U.S. Bureau of Labor Statistics in its latest Job Vacancy and Turnover Summary (JOLTS) Thursday. This […]
Unemployment Benefit Claims Fall More Than Expected, Lowest Since November
The U.S. Department of Labor reported that Initial claims for unemployment benefits fell by 42,000 to 712,000 in the week ending March 6. It is the lowest reading since early November and it was better than the market consensus which was 725,000. The continued unemployment benefit claims they fell by 193,000 to 4,144,000 in the […]
Chinese Foreign Ministry urges US to get bilateral relationship back on track
Responding to comments from US Secretary of State Antony Blinken, China’s Ministry of Foreign Affairs urges the United States to stop interfering in China’s internal affairs. Additional comments: “Urge the United States to view the relationship between China and the United States objectively and rationally“. “Urge the United States to get bilateral relations back on […]
The US will see the fastest annual growth in four decades with the Biden stimulus plan
The $ 1.9 trillion stimulus plan of President Joe Biden approved by Congress on Wednesday could propel the U.S. economy to its strongest annual growth rate in four decades. Economists Polled by the Wall Street Journal expect the economy to grow 5.95% this year, the fastest in almost 40 years. Oxford Economics Chief Economist, Gregory […]
