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Holiday season lifts US retail sales to three-month highs in December
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January 18, 2024

Sales at autos and retailers rose, while it fell at gas stations and health & personal care stores Sales at US retailers rose 0.6% in December, the most since September, amid solid consumer spending, to mark the end of a tumultuous year that...

US headline consumer inflation rises to three-month highs in December
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January 15, 2024

US dollar ends flat, bond yields fall, and equities end mixed on ThursdayConsumer prices rose 0.3% month-on-month in December from 0.2% the previous month and from 3.1% to 3.4% at an annual rate, the most in three months, data published by the US Bur...

Forex Markets - 2023 Review and Outlook for 2024
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January 12, 2024

The foreign exchange markets are the largest and the most liquid compared to any other asset class in the world, primarily due to large volumes pitched in by various market participants- from retail traders to corporates, commercial and investment ba...

The US economy added 216,000 jobs in December, beating Street expectations however the unemployment rate and hourly wages remain unchanged
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January 8, 2024

US nonfarm payrolls increased by 216,000 in December, the US Bureau of Labor Statistics reported on Friday. Economists surveyed by Dow Jones expected the payroll number to come in at 170,000, even as October and November's print were revised lowe...

US stock markets- 2023 performance review and outlook for 2024
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January 4, 2024

After an uncertain start to the year, the US stock markets ended 2023 on a high note, with two of the three major stock indices closing at record highs. If history is any indication of how the previous year's trend affects the following year'...

US PCE index falls in November for the first time since April 2020
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December 25, 2023

Equities and bond yields end mixed on Friday; the US dollar slidesConsumer price inflation categorized by the personal consumption expenditures (PCE) fell by minus 0.1% in November, the first drop in more than 31/2 years, and after a flat reading the...

UK consumer price index slumps to four-month lows in November
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December 22, 2023

FALLING FOOD AND FUEL PRICES LEAD THE DECLINE; STERLING SLIPS AGAINST MAJORS ON RATE CUT HOPESConsumer inflation in the UK plunged by -0.2% in November, the lowest reading since July, after remaining unchanged the previous month, the UK Office for Na...

US consumer price index ticks higher in November amid high rental costs
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December 13, 2023

The seasonally-adjusted consumer price index for all urban consumers (CPI-U) rose 0.1% in November, from 0 the month earlier, the Bureau of Labor Statistics said on Tuesday. Economists expected consumer prices to remain unchanged month-on-month. The ...

US nonfarm payroll employment rose more than expected in November
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December 11, 2023

The US economy gained 199,000 jobs in November, up sharply from the 150,000 the previous month and above economists' expectations of 190,000, the US Bureau of Labor Statistics said on Tuesday. The surge in the seasonally-adjusted nonfarm payrolls...

The US service sector continued to expand in November - ISM
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December 7, 2023

The US services sector expanded to 52.7% in November from a 5-month low of 51.8% the previous month amid heightened business activity, the Institute for Supply Management (ISM) reported on Tuesday. The November Purchasing Managers Index figures ...

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