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U.S. Business Inventories Increase In Line With Estimates In April
A report released by the Commerce Department on Wednesday showed U.S. business inventories increased in line with economist estimates in the month of April. The Commerce Department said business inventories jumped by 1.2 percent in April after spiking by 2.4 percent in March. The continued surge in inventories matched economist estimates.
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U.S. Housing Market Index Drops To Lowest Level Since June 2020
Homebuilder confidence has continued to decline in the month of June, according to a report released by the National Association of Home Builders on Wednesday. The report showed the NAHB/Wells Fargo Housing Market Index fell to 67 in June from 69 in May. Economists had expected the index to edge down to 68.
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New York Manufacturing Activity Little Changed In June
The Federal Reserve Bank of New York released a report on Wednesday showing regional manufacturing activity was little changed in the month of June. The report showed the general business conditions index rose to a negative 1.2 in June from a negative 11.6 in May, with a negative reading indicating a contraction in regional manufacturing activity. The index was expected to jump to a positive 3.0.
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U.S. Import Prices Climb 0.6% In May, Less Than Expected
A report released by the Labor Department on Wednesday showed U.S. import prices increased by less than expected in the month of May. The Labor Department said import prices climbed by 0.6 percent in May after rising by a revised 0.4 percent in April.
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U.S. Retail Sales Unexpectedly Dip Amid Sharp Pullback In Auto Sales
Reflecting a sharp pullback in auto sales, the Commerce Department released a report on Wednesday showing an unexpected decrease in U.S. retail sales in the month of May. The report showed retail sales fell by 0.3 percent in May after climbing by a downwardly revised 0.7 percent in April.
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Bank Of England To Raise Rates For Fifth Time
The Bank of England is widely expected to raise its interest rates for a fifth policy session in a row on Thursday amid soaring inflation that is fueling further rise in cost of living and severely hurting consumer confidence.
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New York Manufacturing Index Jumps But Remains Negative In June
The Federal Reserve Bank of New York released a report on Wednesday showing regional manufacturing activity was little changed in the month of June.
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more news
U.S. Import Prices Climb Less Than Expected In May
A report released by the Labor Department on Wednesday showed U.S. import prices increased by less than expected in the month of May.
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Pred 883 dňami
U.S. Retail Sales Unexpectedly Dip 0.3% In May
Reflecting a sharp pullback in auto sales, the Commerce Department released a report on Wednesday showing an unexpected decrease in U.S. retail sales in the month of May.
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Dollar Slightly Down After U.S. Retail Sales
U.S. import and export prices and retail sales for May have been released at 8:30 am ET Wednesday. The greenback dropped slightly against its major counterparts after these data.
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Bay Street Likely To Open On Positive Note; Fed Policy In Focus
Canadian shares are likely to open on a positive note Wednesday morning, tracking positive global cues and higher bullion prices.
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Dollar Mixed Ahead Of U.S. Retail Sales
U.S. import and export prices and retail sales for May are due at 8:30 am ET Wednesday. Ahead of these data, the greenback traded mixed against its major counterparts. While the currency recovered against the euro and the franc, it dropped against the pound. Against the yen, it was steady.
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U.S. Dollar Lower Before Fed Decision
The U.S. dollar slipped against its major counterparts during the European session on Wednesday, ahead of the U.S. Federal Reserve's monetary policy decision that is expected to deliver another 50 basis point rate hike to counter inflation.
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