In focus today Focus today is on German and Spanish inflation data for April that will give important indications of where the euro area print tomorrow is heading. China releases PMI manufacturing for April overnight from both NBS as well as Caixin. Both indices have increased to decent levels in recent months, but we believe […]
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The Consumer Price Index (CPI) rose 0.3% month-on-month (m/m) in April, a tick below the consensus forecast. On a twelve-month basis, CPI inflation edged lower by 0.1 percentage points to 3.4%. Higher gasoline prices (+2.8% Read more…
Retail sales came in flat for the month of April. Additionally, March’s growth was revised downward to a 0.6 % gain (previously 0.7%). The reading was lower than the consensus forecast calling for a modest Read more…
Fast facts: Rite Aid has been hemorrhaging money and struggling to keep up in the competitive retail pharmacy industry amid high inflation, rising costs, and a heap of lawsuits resulting from filling hundreds of thousands Read more…