ZURICH, May 31 Reuters Switzerland39;s economic upswing is expected to ease this year as higher inflation, the war in Ukraine and renewed Chinese lockdowns slow the postpandemic recovery that generated 0.4 growth in the first quarter, the government said on Tuesday. Rising prices are proving a drag on many European economies as they reduce disposable […]
French Q1 GDP revised to 0.2 QQ from 0.0 Consumer spending fell unexpectedly in April Inflation hit a record 5.8 in May PARIS, May 31 Reuters France39;s economy shrank unexpectedly in the first quarter as consumers struggled to cope with surging inflation, official data showed on Tuesday, putting pressure on President Emmanuel Macron heading into […]
BEIJING, May 31 Reuters China39;s cabinet announced a package of 33 measures covering fiscal, financial, investment and industrial policies on Tuesday to revive its pandemicravaged economy, adding it will inspect how provincial governments implement them. The stimulus package, which was flagged by China39;s State Council in a routine meeting last week, underscores Beijing39;s shift toward […]
April exports 6.6 yy; trade surplus at 1.1 bln April current acc deficit at 3.4 bln, biggest in 9 yrs weak baht moving in line with regional peers BANGKOK, May 31 Reuters Thailand39;s economic activity in May showed gradual improvement as concerns about the pandemic receded and restrictions eased, the central bank said on Tuesday. […]
Net exports takes large 1.7 ppt off Q1 GDP But govt spending and inventories boost growth Makes for uncertainty over GDP data on Wednesday SYDNEY, May 31 Reuters A surge in Australia39;s imports in the first quarter and surprising strength in government spending and inventories have added to uncertainty over this week39;s reading on gross […]
BERLIN, May 31 Reuters German unemployment fell in May, Labour Office figures showed on Tuesday, as trade and services benefited from the end of pandemic restrictions in Europe39;s biggest economy despite the war in Ukraine and supply bottlenecks. The Federal Labour Office said the number of people out of work fell by 4,000 in seasonally […]
The GBP/USD recovery is at initial resistance with a key technical confluence just higher- risk for exhaustion into the June open. Levels that matter on the weekly chart.
Brent frontmonth contract rises for 9th straight session EU bans seaborne Russian oil imports in phased manner Crude oil ban phasein over 6 mths, refined products 8 mths LONDON, May 31 Reuters Oil prices extended a bull run on Tuesday after the EU agreed to a partial and phased ban on Russian oil and China […]
Brent spot prices were approaching 120 earlier today on news that the EU managed to agree on an immediate embargo on 23 of oil imports from Russia. We saw Oil trading above current levels for just a couple of days in March. Over the last four days, as discussions on the ban on oil imports […]
Canadian Dollar is attempting a fourth weekly advance with USD/CAD now testing a key pivot zone at downtrend support. Levels that matter on the near-term Loonie charts.