Tag Archives: Inflation

The FTSE 100 closed 0.28% higher on Wednesday, driven by gains across multiple sectors. Oil majors, miners, utilities, and defensive stocks such as pharmaceutical companies and tobacco firms all contributed to the index’s positive performance.  Burberry emerged as the standout performer, leading the index with a rise of over 4%. This surge was attributed to […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDX for July 12 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  H1 Chart Insights  Pivot Indicator  Conclusion  To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]

The US annual inflation rate dropped to 3% in June 2024, its lowest level since June 2023 and below the forecasted 3.1%. This marks the third consecutive month of decline, down from 3.3% in May. The Consumer Price Index (CPI) unexpectedly fell 0.1% month-over-month, the first decline since May 2020, contrary to expectations of a […]

The Personal Consumption Expenditure (PCE) price index in the United States remained unchanged in May 2024 compared to the previous month, marking the smallest change in six months. It follows a 0.3% increase in April and aligns with economists’ forecasts. Breaking down the index, prices for goods decreased by 0.4%, while prices for services saw […]

Canada’s annual inflation rate increased to 2.9% in May 2024, up from a three-year low of 2.7% in April. The rise contradicted market expectations of a slowdown to 2.6%. While the inflation rate aligns with the Bank of Canada’s forecast of inflation staying near 3% in the first half of 2024, the halt in the […]

The U.S. Bureau of Labor Statistics (BLS) disclosed its latest figures on Thursday, revealing the Producer Price Index (PPI) for May. This index, which measures the average change over time in the selling prices received by domestic producers for their output, showed a year-on-year increase of 2.2%. The growth rate is slightly below what financial […]

The Canadian Consumer Price Index (CPI), which measures inflation, decreased to an annual rate of 2.7% in April, down from 2.9% in March, according to Statistics Canada’s report released on Tuesday. This figure matched market expectations. The government agency attributed the slowdown in inflation to a deceleration in price increases for food, services, and durable […]

Retail sales in the United States remained flat in April 2024, showing no change from the previous month. This followed a downwardly revised gain of 0.6% in March and defied market expectations of a 0.4% rise, suggesting consumer spending has slightly eased.   Out of the 13 categories tracked, 7 posted declines. Significant drops were seen […]

China’s annual inflation rate rose to 0.3% in April 2024, surpassing market estimates and the previous month’s figure of 0.1%. It marked the third consecutive month of consumer inflation, amid an ongoing recovery in domestic demand despite a fragile economic revival.   Non-food inflation accelerated to 0.9% from 0.7% in March. Simultaneously, transport costs added 0.1% […]

On Tuesday, US stock markets exhibited a mixed closing, with investor sentiment swaying towards caution as the anticipation for the latest US inflation data heightened. Mild advances were seen in the S&P 500, creeping up by 0.14%, and the Nasdaq rose modestly by 0.32%. In contrast, the Dow Jones Industrial Average saw a slight decline […]