UK Houses Jump 14.3% in March to the Highest in Almost 18 Years
(Nationwide) The UK posted an annual 14.3% increase in house prices in March, accelerating from a gain of 12.6% the previous month. The rate of increase was the strongest since…
US to Tap One Million Oil Barrels Each Day from Its Strategic Reserves to Tame Prices
(Bloomberg) US officials are targeting about one million barrels of oil every day from its strategic reserves to combat rising prices. The officials reportedly target up to a total of…
US Crude Inventories Decline by 3.4M Barrels, Imports Also Fall
(EIA) The total commercial crude oil inventories in the US was recorded at 409.9 million barrels in the week that ended March 25, down by 3.4 million barrels from the…
US Private Sector Injects 455,000 Jobs in March as Labor Markets Recover
(ADP Employment) A total of 455,000 jobs were created in the US private sector in March, underlining robust labor recoveries in the year. The bulk of the job additions in…
Texas Service Sector Activity Rises to the Highest in 4 Months
(Dallas Fed) The revenue index, gauging the service sector conditions in Texas, rose to 23.4 in March from 21.9 in February. The reading was the highest in four months. Service…
US Consumer Confidence Improves Slightly in March, but Americans Still Less Upbeat
(The Conference Board) The index of consumer confidence in the US was recorded at 107.2 in March, an improvement from 105.7 the previous month. A further improvement was noted in…
Top Executives Targeted in a New Move by Biden to Cut Share Sales After Buybacks
(NY Times) President Joe Biden's budget proposal will reportedly include a provision barring company executives from selling their shares following a buyback. The administration is making a call to freeze…
Texas Manufacturing Steady but Key Parameters Mixed in March
(DallasFed) The production index, gauging the Texas manufacturing conditions, held steady at 13.2, a mark that indicates a slightly above-average expansion. Key measures of Texas manufacturing were mixed, with the…
US Trade Deficit Narrows by $1.0 Billion in February 2022
(Census Bureau) US recorded an international trade deficit of $106.6 billion in February, down by $1.0 billion from the previous month. The decline in deficit reflected a higher $1.9 billion…
US Consumer Sentiment Maintains Low Levels as Inflation Remain a Thorn
(University of Michigan) The US consumer sentiment held at low levels in late March, with the index at 59.4, below 62.8 in February. The sentiment is now 30.0% below the…
US Private Sector Output in March Rises the Fastest Since July as Demand Increases
(IHS Markit) The Composite Output Index, gauging activity in the US private sector, hit 58.5 in March, up from 55.9 in February. The rate marked the fastest expansion since July…
US Jobless Claims Now at the Lowest Since 1969 After Falling by 28,000
(Department of Labor) US jobless claims were recorded at 187,000 in the week that ended March 19, down by 28,000 from the previous week. The claims were at the lowest…