Germany's final manufacturing PMI for the fifth month came in at 52.1, following the 52.4 reading reported earlier and April's 51.8 result. Meanwhile, final PMI figures for the UK came in at 50.1, compared to the 49.9 forecast and April's revised up 49.4 points, whereas the Euro zone's final manufacturing PMI for May came in at 51.5, in line with
The Chicago area's PMI for the fifth month of the year came out worse-than-expected. The Institute for Supply Management's Chicago Purchasing Managers' Index dropped to 49.3 in May, following April's 50.4 reading and posting the worst result since February. Analysts expected the Index to rise to 50.7.
Sentiment among American consumers unexpectedly worsened in May, according to the latest news released on Tuesday. The Index of Consumer Confidence based on the Conference Board's survey dropped to 92.6 during May, following the 94.2 reading seen in the previous month and falling behind the 96.0 forecast.
US personal spending rose 1.0% in April, following March's 0.1% result and surpassing the 0.7% forecast. In the meantime, personal income remained unchanged at 0.4%, in line with economists' expectations, whereas the core PCE rose 0.2% in April, following the previous month's 0.1% and meeting analysts' forecasts.
According to the latest news released on Tuesday, Canada's Gross Domestic Product dropped 0.2% month-on-month in March, following the 0.1% decline seen in February and falling behind the 0.0% market forecast. Meanwhile, on an annual basis, the country's GDP grew 1.1% in March, compared to the 1.5% reading seen last year and failing to meet analysts' expectations of a 1.4%
Germany's unadjusted unemployment rate fell to 6% from April's 6.3% reading, the Federal Labour Office announced on Tuesday. Meanwhile, the Euro zone's jobless rate dropped to 10.2% from 11% year-over-year in April, while the unemployment rate in the European Union declined to 8.7% from 8.8% seen in March and 9.6% posted in April last year.
On Monday, the Canadian Dollar traded 0.38% lower at C$1.3036 against its US counterpart by 15:15 GMT on the widening of Canada's current-account deficit reported earlier today by Statistics of Canada. In the meantime, the country's IPPI dropped 0.5%, following the 0.6% fall in March, whereas the RMPI rose 0.7% in the same period, compared to the 4.5% hike seen
Europe's stock markets closed Monday's trading session in the green territory. Germany's DAX 30 Index finished 0.51% higher at 10,338.50, its one-month high, whereas France's CAC 40 Index added 0.23%, closing at 4,525.50, and the pan-European Euro Stoxx 50 Index jumped 0.54%, finishing at 3,092.50 points.
The Canadian current account deficit grew to C$16.77 billion in the Q1 2016 as tumbling crude oil prices drove the country's exports down sharply, Statistics of Canada reported on Monday. In addition, the deficit for the Q4 2015 was revised up to C$15.71 billion from an originally reported C$15.38 billion reading.
The Preliminary Consumer Price Index in Germany picked up in May, whereas the inflation rate remained far below the target zone. According to the Federal Statistics Office, Germany's CPI grew 0.1% year-over-year in May, following the 0.1% drop seen in the previous month and meeting analysts' expectations. Meanwhile, the CPI gauge added 0.3% in the same period, compared to April's 0.4% decline.
On the back of the stronger Greenback, crude oil prices lost some ground on Monday. West Texas Intermediate declined 0.14%, trading at $49.26 per barrel, and Brent dropped 0.30%, trading at $49.80 per barrel by 12:40 GMT on Monday, whereas the US Dollar Index rose 0.39%.
On Friday, the US Dollar erased its earlier losses against the Japanese Yen and approached the 110.00 yen-level, during the North American trading session by 15:00 GMT on the New York Stock exchange ahead of the Fed Chair Janet Yellen's speech later in the day, which may lead to higher volatility.
According to the latest news released on Friday, the final University of Michigan's Consumer Sentiment Index for the United States improved to 94.7 in May after the final 89.0 seen in the previous month. Analysts expected the Consumer Sentiment Index to hit 95.4 in May, following the 95.8 preliminary reading.
West Texas Intermediate traded 0.11% lower at $48.93 per barrel by 14:15 GMT on the New York Stock Exchange on Friday, while Brent traded down 1.49% at $48.85 per barrel. Meanwhile, the bullion dropped 0.35%, trading at $1,218.40 per troy ounce, and silver declined 0.42%, trading at $16.275 per ounce.
Major US stock markets opened Friday's trading session slightly higher, following the revised up Q1 GDP. However, the main focus of attention in markets today is likely to be a speech later from Janet Yellen. At the session start, the Standard & Poor's 500 Index and the Dow Jones Industrial Average jumped 0.11%, opening at 2,092.30 and 17,847.20 points respectively, whereas the
According to the US Bureau of Economic Analysis, the Q1 GDP growth rate was revised up to 0.8%, following the 0.5% reading reported earlier, whereas the PCE Annualized Index remained at 1.9% and the GDP Price Index dropped to 0.7%. All economic indicators missed expectations. After the release the US Dollar traded around $1.1175 against the Euro on the LSE.
Major European stock markets finished mostly higher on Thursday, following the UK GDP figures and a rise in oil prices. Germany's DAX 30 Index gained 0.70%, finishing at 10,276.66, whereas Britain's FTSE 100 Index added 0.07%, closing at 6,267.35 points. Meanwhile, France CAC 40 Index grew 0.71% to 4,513.26, and the pan-European Euro Stoxx 50 Index jumped 0.32% to end at 3,071.41 points.
On Thursday, West Texas Intermediate crude oil traded 0.44% higher at $49.78 per barrel by 14:40 GMT on the New York Stock Exchange, whereas Brent traded 0.32% up at $49.90. In the meantime, the bullion rose 0.25%, trading at $1,226.80 per troy ounce, and silver grew 1.13% to $16.445 per ounce.
The Australian Dollar bounced from its three-month low at $0.7142 seen earlier this week, following a rebound in oil and commodity prices. Thus, the Aussie appreciated 0.36% against its US counterpart, trading at $0.7225 by 15:15 GMT on the New York Stock Exchange on Thursday, whereas the US Dollar Index dropped 0.32% to 95.09 points.
Official data from the National Association of Realtors published on Thursday showed that the Pending Home Sales Index rose 5.1% to 116.3 in April after rising by an upwardly revised 1.6% in March. Meanwhile, analysts expected indicator increase of only 0.7% in the fourth month of the year. The Pending Home Sales Index increased year-over-year for the 20 consecutive month.
US equity markets opened slightly advanced on Thursday, following the better-than-expected data on durable goods orders and initial jobless claims. At the open of the North American trading session, Standard & Poor's 500 Index grew 0.06% to 2,091.70 points. Meanwhile, the Dow Jones Industrial Average Index added 0.09%, opening at 17,868.25, and the Nasdaq Composite Index gained 0.08%, starting at 4,898.80 points.
Durable goods orders made in the United States rose 3.4% in April, whereas analysts polled by MarketWatch expected to see the 0.9% increase on a seasonally adjusted basis. New trucks, cars and commercial jets contributed most to the following growth. In the meantime, the previous month's durable goods orders were revised up from 1.3% to 1.9%.
On Thursday, fresh figures from the Department of Labor showed that the number of people applying for unemployment benefits for the first time during the week ended May 21 dropped to 268,000, following the 278,00 reading seen in the previous seven days and the 275,000 market forecast. It was the 64 consecutive week since initial jobless claims remained below the 300,000 level.
Gold erased all its early gains on Wednesday and dropped below the $1230 mark. The bullion lost 0.55%, trading at $1,222.50 per troy ounce by 14:15 GMT on the New York Stock Exchange and , whereas silver added 0.38%, trading at $16.315 per ounce at the same time.