U.S. ISM non-manufacturing index falls in April

May 03, 2019 19:51 pm UTC| Commentary

The U.S. ISMs non-manufacturing composite dropped 0.6 points to 55.5 in April, as compared with consensus expectations of 57. With the April reading, the index seems to be tracking the low end of the wide range of readings...

U.S. trade deficit widens in March, wholesale inventories remain stable

May 03, 2019 18:33 pm UTC| Commentary

The advance estimates of U.S. trade data show that the goods trade deficit widened to USD 71.4 billion in March from USD 70.9 billion in the prior month. The March estimate was slightly below the widening expected by the...

U.S. service sector business activity rises slowly in April, PMI index falls to 53

May 03, 2019 17:12 pm UTC| Commentary

The U.S. service sector business activity rose slowly in April, showed the IHS Markit data. The seasonally adjusted headline index dropped to 53 from Marchs 55.3. The latest growth was widely consistent with the earlier...

U.S. labor market continues to be strong in April, jobless rate falls to lowest in nearly 50 years

May 03, 2019 14:19 pm UTC| Commentary

The U.S. economy added 263k new jobs in April, much above analysts expectations of a rise of 190k. The jobless rate dropped to 3.6 percent, the lowest in nearly 50 years. Strength was fairly widespread, with hiring...

U.K. services PMI index rises in April

May 03, 2019 13:45 pm UTC| Commentary

The U.K. services PMI rose in the month of April. The headline PMI index rose to 50.4, as compared with consensus expectations of 50.3 and Marchs print of 48.9. Still, the services PMI, around these levels, continues to be...

Euro area core inflation accelerates above expectation in April

May 03, 2019 12:47 pm UTC| Commentary

Euro area core inflation accelerated temporarily in April, coming above market expectations. On a year-on-year basis, core inflation accelerated to 1.2 percent from prior months 0.8 percent. Consensus expectations were a...

Digital Currency Revolution Series: Surge in Bitcoin OTC Volumes as Bulls Extend Rallies

May 03, 2019 12:12 pm UTC| Digital Currency Research & Analysis Insights & Views Commentary

Despite the fact that the crypto industrys bullish momentum seems to have shrunk away last week amid the speculationsproliferated concerning thedisputable stable-coin Tether and relevant cryptocurrency exchange Bitfinex,...