Hot Features
Premium
Trade like a pro: Leverage real-time discussions and market-moving ideas to outperform.
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone unemployment rate unexpectedly dropped in March
In the Euro-zone, the unemployment rate unexpectedly fell to 6.50% in March, compared to 6.60% in the previous month.
US MBA mortgage applications fell in the week ended 28 April 2023
In the US, the MBA mortgage applications dropped 1.20% in the week ended 28 April 2023, compared to a rise of 3.70% in the prior week.
US ADP employment climbed more than expected in April
In the US, the ADP employment rose by 296.00 K in April, compared to a revised rise of 142.00 K jobs in the previous month. Markets were expecting the ADP employment to rise by 148.00 K.
US S&P Global services PMI rose less than expected in April
In the US, the S&P Global services PMI advanced to 53.60 in April, compared to a level of 52.60 in the prior month. Market expectations were for the PMI to rise to 53.70.
US ISM services PMI advanced more than anticipated in April
In the US, ISM services PMI rose to 50.90 in April, compared to a level of 51.20 in the previous month. Markets were anticipating the PMI to rise to 51.80.
Fed raises interest rate, signals pause in rate hike
The US Fed, in its latest monetary policy meeting, raised its key interest rate by 25 basis points to 5.25%, as expected and recording its highest level in 16 years. Moreover, the central bank stated that it could pause further rate increases if inflation continues to ease as expected.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
