US preliminary PMI misses forecast in May

Note: This section contains information in English only.
Source: WBP Online
On Wednesday, financial agency Markit announced May's US preliminary Purchasing Managers' Index reading for the service sector. The Index dropped to 51.2 points, following the 52.8 result seen in the previous month, when it hit a three-month high, and missing the 53.0 market forecast.


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Wed, 25 May 2016 15:52:18 GMT

US trade gap widens less-than-expected in April

Official data from the US Department of Commerce showed on Wednesday that the country's trade deficit grew to $57.5 billion in April, compared to the $60 market forecast and following the $57.1 billion gap seen in the third month of the year. Exports of goods rose 2.4% to to $119.3 billion, whereas imports increased 1.9% to $176.8 billion in April.

Tue, 24 May 2016 17:30:06 GMT

Gold touches its four-week low

The bullion dropped to its four week-low on Tuesday, following a fresh stream of hawkish comments from US Federal Reserve officials, which helped the US Dollar to trade higher. Thus, gold prices declined 1.81% to $1,228.90 per troy ounce by 17:00 GMT on the New York Stock Exchange. 

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