The Department of Labor reported that Initial jobless claims increased by 14,000 (from the lowest since 1969) andn the week ending March 26 to 202,000, above the 197,000 market consensus. Initial orders remain in the area of ​​historical lows. The Continued jobless claims fell by 35,000 in the week ending March 19 to 1,307,000which was […]
Tag: United States
Core price index for personal consumption spending rises 0.4% in February, as expected
The report of personal income and spending showed figures generally below expectations. Personal income rose 0.5% in February, equal to the market consensus; in January it had increased 0.1%. Personal spending rose 0.2%, less than the expected increase of 0.5%; January’s rise was revised higher from 2.1% to 2.7%. The outstanding fact for these times […]
Jobs in the private sector increase by 455,000 according to ADP
ADP report in line with market expectations. The dollar without major changes, Wall Street extends fall. Nonfarm payrolls and unemployment rates on Friday. The ADP employment report showed numbers in line with expectations. According to ADP, jobs in the private sector increased in March by 455,000, in line with the 450,000 market consensus. February figures […]
Rate hikes of 50 basis points in May, June and July – Danske Bank
Economists at Danske Bank definitely think it’s the right way to go for the Federal Reserve’s interest rate hike. They change their previous position on the path of the Fed and for now predict rate hikes of 50 basis points in May, June and July and 25 basis points at each of the following meetings […]
International Trade Deficit Shrinks to $106.6 Billion in February
The US international trade deficit narrowed modestly in February. The US dollar index remains in positive territory above 99.00 after the data. The US international trade deficit fell by $1 billion in February to $106.6 billion from $107.6 billion in January, the US Census Bureau reported Monday. “February merchandise exports were $157.2 billion, $1.9 billion […]
Weekly close above 4,477/81 may reinforce positive momentum – Credit Suisse
The S&P 500 had another strong session on Thursday and closed above key resistance at 4.477/81, which analysts at Credit Suisse they appear to be holding until the weekly close, particularly given the new bullish cross on the MACD’s daily momentum. Support at 4,424/18 must hold to keep immediate risk higher “S&P 500 closed above […]
Michigan Consumer Sentiment Index falls to 59.4 in March (final) vs. flash estimate of 59.7
According to the final version of the University of Michigan consumer opinion survey for March, the main index of consumer sentiment fell to 59.4 points against the preliminary estimate published at the beginning of the month of 59.7. This marks a substantial drop compared to February’s final estimate of the consumer sentiment index of 62.8 […]
US and UK reach agreement to eliminate tariffs on British steel and aluminum
US Commerce Secretary Gina Raimondo announced late Tuesday that The United States has reached an agreement with the United Kingdom to end tariffs on British steel and aluminum. “By allowing duty-free flow of steel and aluminum from the UK, we further reduce the gap between supply and demand for these products in the United StatesRaimondo […]
S&P 500 consolidates recent gains above 4,440 points
S&P 500 Index futures move slightly lower ahead of the opening bell. The S&P 500 made a strong recovery last week after sentiment improved. The lack of positive news around the Russia-Ukraine talks could weigh on sentiment and limit further upside in the S&P 500. index futures S&P 500 move slightly lower before the opening […]
Philadelphia Fed manufacturing index rises to 27.4 points in March vs. 15.0 expected
The Philadelphia Fed manufacturing index rises to 27.4 points in March from 16.0 seen in February and against an expected drop. Currency markets don’t have much of a reaction to the latest batch of US data. According to a report from the Federal Reserve Bank of Philadelphia released Thursday, the manufacturing activity index of the […]
