Results for: Business Activity

European markets are trending upward today, buoyed by positive business activity indicators and a slight cooling in the U.S. economy. Tesla’s announcement of new models in the coming year has boosted its stock by 13% after-hours, despite a decline in profits and revenue. The Australian dollar has rebounded, reaching its 200-day moving average against the U.S. dollar due to an inflation surprise. However, the Japanese yen remains at 34-year lows, raising concerns about potential intervention from the government, similar to the action taken in 2022. Key events for the day include the release of the German Ifo survey, as well as earnings reports from companies such as Meta and Boeing.

US business activity slowed in April, with demand weakening across the private sector. Inflation rates eased slightly, but input prices remained elevated. The slowdown is a potential sign of relief as the Federal Reserve continues to raise interest rates to combat inflation.

India’s business activity has reached its highest level in nearly 14 years, driven by robust demand and easing input inflation. The positive job growth positions India as the fastest-growing major economy in 2022. The flash India Composite Purchasing Managers’ Index (PMI) surged to 62.2 in April, led by strong performance in manufacturing and service sectors.