Monthly archive May, 2022

The U.S. dollar drifted down on Tuesday, coming further off the two-decade highs it touched late last week, as some upbeat economic data and easing Covid concerns in China triggered hectic buying in global equities and dimmed the currency's safe-haven Read More →

The UK jobless rate declined to the lowest since 1974 in the first quarter amid record job vacancies that reflect the tightening labor market conditions despite the slowdown in the economy, data published by the Office for National Statistics showed Read More →

China's industrial production declined unexpectedly in April reflecting not only the disruption caused by the Covid-19 lockdown, but also weaker foreign demand. Further, the decrease in retail sales worsened on weak household consumption. Industrial production dropped 2.9 percent on a Read More →

Malaysia's economic growth improved more than expected in the first quarter underpinned by the improving domestic demand and exports, data released by the Bank Negara Malaysia showed on Friday. Gross domestic product expanded 5.0 percent on a yearly basis, faster Read More →

After reporting a sharp increase in U.S. import prices in the previous month, the Labor Department released a report on Friday showing imports prices were unexpectedly unchanged in the month of April. The Labor Department said import prices came in Read More →

Reflecting broad based declines, the University of Michigan released a preliminary report on Friday showing U.S. consumer sentiment has deteriorated by much more than expected in the month of May. The report showed the consumer sentiment index tumbled to 59.1 Read More →