Overview of Key Economic Events from Last Week
The United States saw mixed economic data, with the Headline Consumer Price Index (CPI) and core CPI falling less than expected, while the Job Openings Index exceeded forecasts.
The Producer Price Index (PPI) declined, and unemployment claims dropped, reflecting a slight improvement in the labor market. In contrast, U.S. oil inventories decreased below expectations, while the University of Michigan Consumer Confidence Index fell short of estimates, indicating weak consumer sentiment.
Globally, the UK experienced a contraction in GDP and industrial production, while the Bank of Canada cut interest rates. In Japan, GDP growth was lower than expected, with household spending declining. In China, new loans dropped sharply, signaling a slowdown in credit activity.
Read the full article: https://www.tradetaurex.com/asset/overview-of-key-economic-events-from-last-week-4/
Please note that this analysis is provided for informational purposes only and should not be considered as investment advice. All trading involves risk.