Global Economic Update

Global Economic Update

In the Eurozone, the flash consumer confidence index recorded a more-than-expected rise to -3.60 in April, compared to a level of -5.00 in March. The seasonally adjusted construction output climbed 6.9% MoM in February, compared to a revised drop of 2.4% in January.

In Germany, the producer price index remained unchanged on monthly basis in March, lower than market expectations for an advance of 0.2% and compared to a rise of 0.2% in February.

In the US, the seasonally adjusted initial jobless claims advanced more-than-expected to 244.00K in the week ended 15 April 2017, compared to a reading of 234.00K in the previous week. In March, leading indicator rose more-than-forecast by 0.4% MoM, compared to a rise of 0.6% in February.

In Japan, the flash Nikkei manufacturing PMI rose to a level of 52.80 in April, compared to a reading of 52.40 in March. The tertiary industry index climbed 0.2% MoM in February, less than market expectations and compared to a drop of 0.2% in January.

Enter your e-mail address to receive updates straight to your inbox

My Newsletter

You can easily unsubscribe at any time by clicking on the unsubscribe links at the bottom of each of our emails

About Author

The CityTA

The CityTA was started with a desire to help new traders succeed in markets dominated by high frequency traders and other market dangers. Our instructors' objective is to bring this diverse knowledge to you. Our training programs are designed to accommodate easy learning for people who have never experienced financial markets. Financial markets have become more complex over the past 10 years. A grasp of market mechanics is important if a trader is to survive. Our focus for our students is to ensure that we give them the correct foundation, so they can develop their own strategy and build on the knowledge they gain to go on to be top performing traders.