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March FHFA House-Price Index Rises 0.1% Vs 0.1% Gain Expected, Prior Revised 0.1% Decline, Up 1.7% Year-Over-Year

May Philadelphia Fed Regional Nonmanufacturing Activity Index Falls Sharply

The Philadelphia Federal Reserve Bank's monthly nonmanufacturing activity index declined to minus 23.6 in May from minus 16.5 in the previous month, compared with the expectations for an increase to minus 13 in a survey compiled by Bloomberg, indicating more widespread contraction in the sector.The readings for new orders and employment increased in the month, while the sales and prices paid readings decreased.The six-month outlook declined at the regional level, with only 24% of respondents expecting expansion in the region over the next six months compared with 33.6% that look for a decrease.

International76d ago

April Chicago Fed National Activity Index Rises More Than Expected

The Chicago Federal Reserve Bank's monthly National Activity Index rebounded to a reading of 0.14 in April from minus 0.15 in March, compared with expectations for a smaller gain to minus 0.03 in survey of analysts compiled by Bloomberg as of 7:30 am ET.The three-month moving average rose to 0.03 from 0.02.Of the 85 individual indicators, 47 made positive contributions to the index in April, while 38 made negative contributions. Some 44 indicators improved in the month, while 40 indicators deteriorated, and one was unchanged.

International76d ago

May Philadelphia Fed Regional Nonmanufacturing Activity Index -23.6 Vs. -13.0 Expected, -16.5 Prior

International76d ago

April Chicago Fed National Activity Index 0.14 Vs. -0.03 Expected, -0.15 Prior

International76d ago

Market Chatter: South Korea Manufacturing Confidence Rebounds for June

South Korea's manufacturing sentiment rebounded for June for the first time in three months, supported by strong optimism in the semiconductor sector despite the ongoing tensions in the Middle East, Yonhap News reported Tuesday, citing the Korea Institute for Industrial Economics & Trade.The professional survey index (PSI) for the manufacturing sector's business outlook increased to 107 in June from 95 in May. The PSI outlook had remained below the 100 mark for April and May before returning above 100 for June, the report said.A PSI reading above 100 indicates optimists outnumbering pessimists, while a reading below 100 signals the opposite.Confidence improved across the display, automobile, machinery, and bio-health sectors, while confidence in the shipbuilding and steel sectors declined to 100 and 122 for next month, respectively. Confidence in the mobile phone and textile sectors remained below the threshold at 80 and 93, respectively, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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International76d ago

US Dollar Rises Early Tuesday Ahead of Busy Data Release Schedule This Week

The US dollar rose against its major trading partners early Tuesday after the long holiday weekend and before a busy week of economic data releases that includes the second estimate of Q1 GDP and personal income and spending data for April later in the week.Tuesday's schedule starts with the Chicago Federal Reserve's national activity index for April and the Philadelphia Fed's non-manufacturing reading for May, both at 8:30 am ET. Home price data for March are due to be released at 9:00 am ET, followed by consumer confidence data for May at 10:00 am ET and the Dallas Fed's manufacturing reading for May at 10:30 am ET.Weekly mortgage applications and Redbook same-store sales, the Richmond Fed's conditions report for May, and the Dallas Fed's non-manufacturing index for May are set to be released on Wednesday.Highlights on Thursday include weekly jobless claims, Q1 GDP, April personal income and spending, durable goods, and new home sales data.Friday's schedule will be lighter, with advance trade data for April and the Chicago PMI for May as the key releases.A quick summary of foreign exchange activity heading into Tuesday:EUR/USD fell to 1.1642 from 1.1643 at the Monday close but was above a level of 1.1641 at the same time Monday morning. There are no Eurozone data on Tuesday's schedule. The next European Central Bank meeting is scheduled for June 11.GBP/USD fell to 1.3486 from 1.3509 at the Monday close and 1.3493 at the same time Monday morning. UK services conditions improved slightly in May but remained pessimistic, according to data released earlier Tuesday. The next Bank of England meeting is scheduled for June 18.USD/JPY rose to 159.1453 from 158.9158 at the Monday close and 158.9386 at the same time Monday morning. The Japanese leading index grew at a slower rate in March than in the previous month. The next Bank of Japan meeting is scheduled for June 15-16.USD/CAD rose to 1.3805 from 1.3780 at the Monday close but was below a level of 1.3813 at the same time Monday morning. Canadian manufacturing sales data for April are due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for June 10.

$EUR/USD$GBP/USD$USD/CAD$USD/JPY

International76d ago

Japan Business Conditions Keep Steady in March, Revised Index Shows

Business conditions in Japan showed a modest improvement in March, according to the revised coincident index as reported by the country's Cabinet Office on Tuesday.The coincident index, which tracks the current state of the country's economy, stood at 116.4 in March, slightly up from 116.2 in February.The coincident index had pointed to "halting to fall" conditions from May 2024 through February 2026, before turning to "signaling a possible turning point" in March 2026.Meanwhile, the leading economic index for gauging the economic outlook inched up to 114 in March from 113.2 in February.

Nikkei 225

International76d ago

St. Louis Fed US Q2 GDP Nowcast Estimate 1.320% Gain vs Previous 0.785% Gain

International76d ago

Taiwan's Wholesale, Retail Trade Rise in April

Taiwan's wholesale turnover in April rose 25.2% annually to NT$1.543 trillion, supported by rapid expansion in emerging technology applications and higher petrochemical raw material prices, the Ministry of Economic Affairs said.Machinery and equipment wholesale surged 44.3%, while chemical materials wholesale climbed 22.3%. Food, beverage and tobacco wholesale, along with pharmaceutical and cosmetics wholesale, increased 7.4% and 7%, respectively. However, household appliances and supplies wholesale fell 6.5% amid weak market demand.Retail sales for the month rose 5.2% from a year earlier to NT$404.8 billion, thanks to promotional campaigns tied to the Qingming Festival and Mother's Day holidays, as well as demand for new consumer electronics products.Department stores, textiles and apparel retailers, e-commerce and mail-order businesses, ICT and home appliance retailers, and convenience stores recorded growth of 12.6%, 14.1%, 9.1%, 11%, and 5.5%, respectively. Whereas, Auto and motorcycle retail sales declined 4.6%.Meanwhile, the food and beverage sector posted NT$85.2 billion in turnover, up 4.5% year on year, benefiting from holiday demand, expansion efforts, co-branded products, and beverage promotions, the data showed.

Taiwan Weighted

International76d ago

Wall Street Futures Advance Premarket Tuesday on Mid East Peace Talks Optimism

Wall Street futures were advancing before the market open Tuesday, with investors maintaining optimism over Middle East peace talks despite recent US strikes on Iran.In the futures, the S&P 500 was 0.7% higher, the Nasdaq was up 1.1%, and the Dow Jones rose by 0.5%.Asian markets were mostly lower at closing, while European bourses were mostly lower around midday.Early movers include Elbit Systems (ESLT), which was up more than 8% after reporting higher Q1 non-GAAP earnings and revenue. Pony AI (PONY) shares rose past 9% after posting Q1 results that beat market expectations.AutoZone (AZO) and Coca-Cola Europacific Partners (CCEP) are scheduled to release their quarterly results on Tuesday.On the economic calendar is the Consumer Confidence report at 10:00 am ET. The Case-Shiller Home Price Index is due at 9:00 am ET.In pre-market action, bitcoin traded at $76,573.03, West Texas Intermediate crude oil traded 5.1% lower at $91.72, and 10-year US Treasuries offered 4.49%. Spot gold traded for $4,535.16 an ounce.

Dow JonesNasdaq CompositeS&P 500

International76d ago

CBI: UK Retail Sales Balance Picks Up in May

The Confederation of British Industry distributive trade survey's retail sales balance improved to -46% in May from -68% in the prior month, according to data published Tuesday.The consensus estimate was -52% for the month, according to Investing.com.

FTSE 100

International76d ago

Taiwan's Industrial Production Rises 14.2% in April

Taiwan's industrial production rose 14.2% annually in April, driven by a 15.1% increase in manufacturing output, the Ministry of Economic Affairs said Tuesday.Monthly, industrial production fell 6.4%, with manufacturing output down 6.7%.After seasonal adjustments, industrial production increased 0.5% from the previous month, while manufacturing rose 1.%, according to official data.Other sectors showed mixed performance, with mining and quarrying output falling 9.4% and electricity and gas supply edging down 0.5%, while water supply increased 2.7%.For the January-April period, industrial production climbed 21.1% year on year, supported by a 22.7% rise in manufacturing activity, the data showed.

Taiwan Weighted

International76d ago

Ifo: German Export Outlook Declines in May as Geopolitical Uncertainty Persists

Export expectations in Germany weakened further in May, as the industry outlook "remains challenging" amid ongoing geopolitical instability, the ifo Institute said Tuesday.The ifo export expectations dropped to -5.5 points in May, from -1.2 points in April, with the automotive, metal, and other energy-intensive industries expecting a decline in international sales.On the other hand, the electrical sector maintains a "moderately optimistic" export outlook, though it has cooled slightly from last month. Similarly, furniture manufacturers anticipate a boost in foreign sales.

^SXXP

International76d ago

Spanish Annual Producer Prices Up 8.3% in April

Producer prices in Spain jumped 8.3% year over year in April, following a revised 3.1% increase previously, data from the National Statistics Institute showed Tuesday.On a monthly basis, the industrial price index was 1.7% higher, after a revised 6.2% growth in March.

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International76d ago

Singapore Manufacturing Output Rises 17.6% in April

Singapore's manufacturing output jumped 17.6% in April, backed by strong growth across almost all clusters, the city-state's Department of Statistics reported Tuesday.Excluding biomedical manufacturing, output rose 21.5% year-on-year in April.Electronics output grew 44%, driven by robust AI-related demand, the data showed. Precision engineering gained 15.1%, while general manufacturing and transport engineering expanded 16.9% and 10.1%, respectively.Meanwhile, biomedical manufacturing fell 16.1%, mainly due to softer demand for medical devices, while chemicals dropped 17.6%.On a month-on-month basis, manufacturing output increased 5.8% in April. Excluding biomedical manufacturing, output was also up 5.8% on a monthly basis.

^STI

International76d ago

Market Chatter: China's Global EV Exports Up 40% in April

China exported 278,081 electric vehicles in April, up 40% year over year, Bloomberg News reported Tuesday.Most of the country's EV exports went to Brazil, surging 221% to 38,144 units, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSE

International76d ago

Top US Enterprises' Revenue in China Rises 1.2% in 2025

Revenues of top 100 U.S. enterprises operating in China rose 1.2% year on year in 2025, according to a report published by the Hurun Research Institute on Monday.The companies generated total revenue of $362.2 billion last year, representing a trade deficit of over $202 billion.The top six U.S. companies by revenue in China are Apple, Tesla, Qualcomm, Nvidia, Micron Technology, and Coherent. Their combined revenue in the country amounted to $130 billion.China accounts for 12% of the revenues generated by these American companies, contributing as much as $2.3 trillion to their market capitalization."From a corporate value perspective, the total market capitalization of these 100 U.S. companies are $19 trillion," said Hurun chairman and chief researcher Rupert Hoogewerf. "Based on a revenue contribution rate of 12%, the Chinese market's contribution to the market capitalization of these 100 U.S. companies amount to as much as $2.3 trillion, up 400 billion since last year."

Shanghai Composite^SZSE

International76d ago

China's Power Generation Capacity Grows 14% in April

China's total installed power generation capacity in April grew 14.2% year on year to 3.99 billion kilowatts, according to Monday data from the National Energy Administration.Among them, solar power generation jumped 26.2% and wind power rose 22% from a year earlier.Between January and April, the average of the country's power generation equipment utilization fell by 84 hours to 925 hours from the previous year.

Shanghai Composite^SZSE

International76d ago

New Zealand New Residential Mortgage Lending Falls in April

Total new residential mortgage lending in New Zealand fell to NZ$7.99 billion in April from NZ$9.5 billion in March, according to data from the Reserve Bank of New Zealand released on Tuesday.Residential mortgage lending to first home buyers fell to NZ$1.65 billion in April from NZ$1.99 billion in the previous month. Lending to other owner-occupiers decreased to NZ$4.76 billion from NZ$5.49 billion.Residential mortgage lending to investors fell to NZ$1.46 billion from NZ$1.89 billion, while that for business purposes decreased to NZ$119 million from NZ$134 million.Total new residential lending at a loan-to-valuation ratio above 80% came in at NZ$1.17 billion in April for all borrower types, down from NZ$1.38 billion in March.Residential mortgage lending, where the loan-to-valuation ratio is equal to 80% or below, was NZ$6.82 billion for all borrower types, down from NZ$8.12 billion in the previous month.

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International76d ago

US Dollar Rises Early Tuesday Ahead of Busy Data Release Schedule This Week

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