Category: Macro
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US durable goods orders up 2.6% in March
The number of durable goods orders in the United States went up by 2.6% or $7.3 billion in March, landing at $283.4 billion, a report published by the United States Census Bureau on Wednesday showed. Transportation equipment led the upbeat trend, jumping 7.7% or $6.8 billion in comparison to the previous month, coming in at…
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Week Ahead – April 22nd: Investors Brace for Earnings Bonanza and Key Economic Data Releases Globally
Investors across the United States are gearing up for one of the busiest weeks on the earnings calendar, with major tech titans like Alphabet, Microsoft, and Meta set to report their quarterly results. Other significant U.S. companies such as Verizon, Visa, Tesla, and Amazon among others, are also on deck, promising a week full of…
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Oil Prices Stabilize After Initial Surge Amid Israeli-Iranian Tensions
Oil prices experienced a volatile trading session, initially surging over concerns about the escalating conflict between Israel and Iran, only to pare those gains as Iranian media downplayed the impacts of recent Israeli strikes. Brent crude (CCOM:OILBRENT) steadied around $87 a barrel after an earlier jump of more than 4% to above $90, driven by…
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US initial jobless claims unchanged at 212,000
The number of seasonally adjusted initial jobless claims in the United States came in at 212,000 in the seven days ending April 13, unchanged from the previous week’s revised level, the Department of Labor stated in its report published on Thursday. The 4-week moving average was also unchanged compared to the previous week’s unrevised level,…
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US mortgage applications up 3.3%
Mortgage applications in the United States increased by 3.3% in the week ending April 12, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey published on Wednesday. According to the report, the average contract interest rate for 30-year fixed-rate mortgages jumped to 7.13% from last week’s 7.01%, reaching the highest level since December…
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EIA: US crude inventories up by 2.7M barrels
Crude oil stockpiles in the United States jumped by 2.7 million barrels to stand at 460.0 million barrels in the week ending April 12, the US Energy Information Administration shared in its report on Wednesday. The crude oil refinery inputs in the country averaged 15.9 million barrels per day, increasing 131,000 barrels per day from…
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US industrial production up 0.4% in March
Industrial production in the United States rose by 0.4% in March after increasing 0.1% in the previous month, the Federal Reserve’s Board of Governors stated in its report published on Tuesday. Manufacturing output rose 0.5% compared to the month before and 0.8% on an annual basis. Mining fell by 1.4% on a monthly basis, and…
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US housing starts down 14.7% in March
Privately‐owned housing starts in the United States stood at 1,321,000 in March, decreasing by 14.7% compared to February and 4.3% compared to March 2023, according to a Census Bureau report on Tuesday. Single‐family housing starts fell by 12.4% month-on-month to 1,022,000. Building permits for privately owned housing units came to 1,458,000, dropping 4.3% from February.…
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US home builder confidence unchanged in April
Builder confidence in the United States for newly-built single-family homes remained unchanged in April, the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released on Monday showed. Explore strategic opportunities by accessing our comprehensive economic calendar today The reading stood at 51, flat compared to the previous month, marking the fourth consecutive…
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US business inventories up by 0.4% in February
Inventories in the manufacturing and trade sectors in the United States increased by 0.4% in February, compared to the previous month to stand at $2,567.5 billion, according to a report by the US Census Bureau released on Monday. The figure was 1.0% higher on a yearly comparison basis. Explore strategic opportunities by accessing our comprehensive…