There were 214,000 weekly jobless claims in the United States in the week ending March 12, better than the 220,000 expected. Currency markets did not see much of a reaction to the latest batch of US data. The US reported 214,000 weekly jobless claims in the week ending March 12, down from the 220,000 expected […]
Tag: United States
S&P 500 pulls back slightly after strong boost in sentiment post-Fed
The S&P 500 pulls back slightly during the European session on Thursday after rising more than 2.20% the previous day. Despite the Fed’s aggressive tone, sentiment remains positive. Powell defines the US economy as “very strong.” The focus remains on news about the war between Russia and Ukraine. The index S&P 500 is pulling back […]
Retail sales rise 0.3% in February vs. 0.4% expected
The US retail sales rose 0.3% in Februarycoming in below the 0.4% expected and 4.9% in January (upwardly revised from 3.8% previously). The indicator of the control group of the retail sector fell by 1.2%notably worsening the expected 0.4% increase and the previous month’s 6.7% rise (strongly revised upwards from 4.8%). Excluding vehicles, retail sales […]
Extends recovery and climbs back above 4,300 points
Improving sentiment on hopes for a diplomatic solution to the Russia-Ukraine conflict drives the S&P 500 higher. The VIX, Wall Street’s gauge of fear, is down more than 4% before the open. All attention will be on the Fed projections and President Powell’s speech. index futures S&P 500 extend their recovery of the previous day […]
Empire Index unexpectedly falls sharply from 3.1 to -11.8
Empire Index unexpectedly falls to negative ground in March. The dollar remains in negative territory due to a rebound in the stock markets. The FOMC meeting begins, the interest rate is expected to rise. The activity index for the New York region, manufacturing empire It went from 3.1 in February to plummet to -11.8, with […]
Producer Price Index rises 0.8% in February, below the 0.9% expected
Wholesale inflation rises less than expected in February. The dollar remains in negative territory after the data. On Wednesday the decision of the Federal Reserve is known. The Producer Price Index (PPI) rose 0.8% in February, below the 0.9% increase expected by the average of analyst estimates. The annual rate went from 9.7% to 10%, […]
UoM consumer sentiment index falls to 59.7 in March vs. 61.4 expected
Overall UoM Consumer Sentiment dipped below 60.0 in March, its lowest level since September 2011. Recent geopolitical events have affected consumer confidence by exacerbating inflation fears, but currency markets have not reacted much. According to the preliminary version of the University of Michigan (UoM) Consumer Sentiment survey March released on Friday, the overall Consumer Sentiment […]
US economy at risk of recession in 2023 – Goldman Sachs
Analysts at Goldman Sachs now see the risk that the United States enters a recession during the next year due to the war between Russia and Ukraine. Featured Comments “The downgrade of our US GDP forecast will reflect rising oil prices and other drags on growth related to the war in Ukraine“. “Now you see […]
Initial requests for unemployment benefits rise to 227,000, exceeding expectations
The United States Department of Labor reported that Initial jobless claims increased by 11,000 in the week ending March 5 to 227,000, a figure higher than the 216,000 market consensus. The continued orders had an increase of 25,000 in the week ended February 26 to 1,494,000, a number above the 1,339,000 expected by the average […]
Biden admin wants to work with US oil and gas producers to increase supply
US Secretary of Energy Jennifer Granholm speaking at the CERAWeek energy conference in Houston on Wednesday, he said the Biden administration wants to work with US oil and gas producers to increase supply, Reuters reported. The impacts of higher fuel costs are “real and severe,” Granholm added, saying “we have a responsibility to increase supply […]
