US stock markets opened Friday's trading session slightly in the red, following mixed housing data. Thus, the Standard & Poor's 500 Index lost 0.12% to 2,075.45, whereas the Dow Jones Industrial Average Index dropped 0.13%, opening at 17,710.25, and the Nasdaq Composite Index declined 0.29%, starting at 4,830.75 points.
Canada's Consumer Price Index dropped to 1.5% in May, following the previous month's 1.7%, Statisctics Canada announced on Friday. Meanwhile, analysts anticipated a slight decrease to 1.6% in the fifth month of the year. On an annual basis, the BoC's core CPI declined to 2.1% from April's 2.2%, in line with analysts' expectations.
Housing starts in the United States rose a to a seasonally adjusted annual figure of 1.164 million units in the fifth month of the year, surpassing the 1.15 million market forecast, the Department of Commerce said on Friday. Meanwhile, April and March readings were revised to 1.167 million and 1.113 million starts respectively.
Building permits rose to a 1.138 million-unit rate in May, almost in line with the previous month's reading of 1.13 million, whereas analysts expected the number of building permits to grow to 1.145 million in the fifth month of the year. Meanwhile, permits for the construction of single-family homes dropped 2% last month to 726,000 units, while multifamily projects increased
Major US indices opened in the red on Thursday, observing macro updates. At the session start, the Standard & Poor's 500 Index dropped 0.47% to 2,041.80, whereas the Dow Jones Industrial Average Index lost 0.46% to open at 7,558.80, and the Nasdaq Composite Index declined 0.49% to start at 4,811.00 points.
According to fresh figures released by the Department of Labor on Thursday, the number of Americans filing for unemployment aid for the first time during the week ended June 11 increased to 277,000, compared to the 270,000 claims anticipated by analysts and the unrevised 264,000 filings seen in the previous seven days.
Month-over-month the core US Consumer Price Index came in at 0.2% on a seasonally adjusted basis in May, in line with the market forecast and April's reading. On an annual basis, the core CPI rose to 2.2%, following the 2.1% reading seen in the previous month and meeting analysts' expectations.
According to the latest news released on Thursday, the Bank of England left its key interest rates unchanged at their record low of 0.5%. In addition, the Committee voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at 375 billion pounds.
US stock markets opened Wednesday's trading session with gains, ahead of the FOMC meeting due later today. The Standard & Poor's 500 Index added 0.20%, opening at 2,080.02, whereas the Dow Jones Industrial Average Index gained 0.23% to open at 17,716.20, and the Nasdaq Composite Index grew 0.25% to start at 4,855.81 points.
Industrial production decreased the seasonally adjusted 0.4% in May from the prior month's downward-revised 0.6% increase, whereas analysts predicted the 0.1% fall. Meanwhile, capacity utilisation dropped to 74.9% on a seasonally adjusted basis, missing the 75.2% market forecast and April's downward revised figure of 75.3%.
In May, seasonally-adjusted consumer prices grew 0.4% from the previous month's 0.2%, whereas analysts anticipated an increase to 0.3%, the US Department of Labour said on Wednesday. On an annual basis, the US PPI dropped 0.1% on a non-seasonally adjusted basis, in line with analysts' estimates but lower than April's 0.0% reading.
According to the New York Federal Reserve, the Empire State Manufacturing Index for June rose to 6.01, following the 9.02 fall seen in the previous month, when it dropped for the first time since February. In the meantime, analysts expected to see an acceleration to -4.0 in the sixth month of the year.
Britain's unemployment rate dropped to 5.0% in the quarter to April, whereas analysts expected the reading to came in at 5.1% as in March. Meanwhile, the number of people filing for unemployment benefits fell by 400 in May, while the previous month's figure was revised up to an increase of 6,400 from an originally reported decline of 2,400.
Europe's equity markets closed in the red on Tuesday amid Brexit fears. Germany DAX 30 Index finished 1.50% lower at 9,512.71, whereas Britain's FTSE 100 Index lost 2.01%, closing at 5,923.20 points. Meanwhile, France's CAC 40 Index dropped 2.32% to 4,129.06, and the pan-European Euro Stoxx 50 Index declined 2.02%, finishing at 2,795.97 points.
Major US stock markets opened in the red amid falling oil prices and Brexit fears. At the session start, Standard & Poor's 500 Index dropped 0.13%, opening at 2,076.38 points. Meanwhile, the Dow Jones Industrial Average Index declined 0.15% to start at 17,705.81, and the Nasdaq Composite Index lost 0.01% to open at 4,848.05 points.
Official data showed on Tuesday that the Euro zone's industrial production grew 1.1% month-over-month in April, following the 0.7% drop seen in the previous month and the 0.8% increase forecast. On an annual basis, the common-currency bloc's industrial output rose 2.0% from March's unrevised 0.2%, whereas analysts predicted the 1.4% increase.
Britain's CPI grew 0.3% year-over-year in May, in line with April's reading but lower than the 0.4% forecast. In the meantime, the country's PPI input increased 2.6% in May, following both April's and predicted readings of 0.9%. In addition, annual RPI rose 1.4% last month, compared to the previous month's 1.3% and the 1.5% market forecast.
US total retail sales grew 0.5% in May, surpassing the 0.3% market forecast and following April's unrevised 1.3% hike, the Department of Commerce announced on Tuesday. Meanwhile, the country's import prices rose 1.4% in May, compared to the upwardly revised 0.7% gain seen in the previous month and the 0.7% forecast.
Europe's stock markets closed in the negative territory on Monday with Brexit concerns weighing on sentiment. Germany's DAX 30 Index dropped 1.53%, closing at 9,684.40, while Britain's FTSE 100 Index declined 0.92%, finishing at 6,059.64 points. Meanwhile, France's CAC 40 Index lost 1.54% to 4,240.24, and the pan-European Euro Stoxx 50 Index decreased 1.67% to 2,862.39 points.
The British Pound managed to erase some of the daily losses by 14:10 GMT on the London Stock Exchange on Monday. Thus, the Sterling added about 40 pips against the US Dollar , trading at $1.4160. Still, the pair traded 0.60% lower on the day. According to the ORB poll 55% would vote to leave the European Union, whereas 45% would vote to
West Texas Intermediate traded 1.43% lower at $48.37 per barrel, whereas Brent traded down 1.46% at $49.80 per barrel by 13:45 GMT on the New York Stock Exchange on Monday. Meanwhile, gold rose 0.68%, trading at $1,284.60 per troy ounce, and silver grew 0.03%, trading at $17.335 per ounce.
Wall Street started Monday's trading session in the red zone. The Standard & Poor's 500 Index lost 0.30%, opening at 2,080.16 points. In the meantime, the Dow Jones Industrial Average Index dropped 0.36%, starting at 17,712.71, and the Nasdaq Composite index declined 0.48% to open the North American trading session at 4,864.55 points.
China's industrial output grew 6.0% year-over-year in May, unchanged from the previous month's reading and in line with the market forecast. In the meantime, the country's retail sales jumped 10.0% on an annual basis in May, falling behind the 10.1% growth rate seen in April but meeting analysts' expectations.
West Texas Intermediate traded 1.54% lower at $49.78 per barrel by 14:10 GMT on Friday on the New York Stock Exchange, whereas Brent futures traded 1.73% lower at $51.05 per barrel. In the meantime, gold jumped 0.39%, trading at $1,277.70 per troy ounce, and silver rose 0.45%, trading at $17.345 per ounce.