2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
Japan April exports inch up again
In April, Japan's exports managed to inch up again, thus marking their fifth straight month of revenues. It’s because shipments of semiconductors as well as steel expanded, showing that more robust overseas demand could back a steady economic revival.
Exports soared 7.5% in April from last year, which is below the median estimate of 7.8% annual surge, as finance ministry data disclosed on Monday. By the way, it followed a 12% ascend in March.
Aside from that, the data pointed out that Japan's trade surplus with America dipped. In April, exports to the USA tacked on 2.6% percent from the previous year, earning for the third straight month because of larger shipments of vehicles as well as car parts. However, Japan's trade surplus with the US edged down 4.2% in April from last year, hitting 586.7 billion yen.
Japanese exports are supposed to keep rallying as global economic surge gains momentum, although worries as for Donald Trump's promise to adopt protectionist trade policies weigh on the outlook for export-reliant Japan.
The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news! Today’s events: USA, UK, Hong…
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.