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Brazil's private sector activity declined at the fastest pace in the survey history during April, amid steep falls in output in both manufacturing and services that led to a record drop in employment as recession deepens, Markit Economics said Wednesday. The Markit Brazil Composite Output Index fell... Read more...

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New orders for U.S. manufactured goods increased by much more than expected in the month of March, the Commerce Department revealed in a report on Wednesday. The report said factory orders surged up by 1.1 percent in March after tumbling by 1.9 percent in February. Read more...

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Activity in the U.S. service sector grew at a faster rate in the month of April, according to a report released by the Institute for Supply Management on Wednesday. The ISM said its non-manufacturing index climbed to 55.7 in April. Read more...

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Productivity in the U.S. declined again in the first three months of 2016, according to fresh government statistics released on Wednesday. This followed a decline during the previous quarter. Meanwhile, output edged only slightly higher despite an advance in the number of hours worked. Also, the costs of production rose at a faster rate. Read more...

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Reflecting a steep drop in the value of imports, the Commerce Department released a report on Wednesday showing a notably narrower U.S. trade deficit in the month of March. The report said the trade deficit narrowed to $40.4 billion in March from $47.0 billion in February. Read more...

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Private sector employment in the U.S. increased by less than expected in the month of April, according to a report released by payroll processor ADP on Wednesday. ADP said the private sector added 156,000 jobs in April following an increase of 194,000 jobs in March. Read more...

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Luxembourg's consumer price inflation held steady in April, after easing in the previous three months, figures from the statistical office STATEC showed Wednesday. The consumer price index rose 0.1 percent year-over-year in April, the same rate of increase as in March. Prices have been rising since... Read more...

Greece's manufacturing activity deteriorated further in April, though at a slower pace than in the previous month, survey figures from Markit Economics showed Wednesday. The seasonally adjusted purchasing managers' index, or PMI, rose to 49.7 in April from 49.0 in the previous month. However, any... Read more...

Ireland's unemployment rate decreased for the fifth consecutive month in April, figures from the Central Statistics Office showed Wednesday. The seasonally adjusted jobless rate dropped to 8.4 percent in April from 8.6 percent in March. In the corresponding month last year, the unemployment rate... Read more...

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House prices in New Zealand rose notably in April from a year ago, supported by lower interest rates, figures from Quotable Value, QV, showed Wednesday. The QV Residential Price Movement Index climbed 12.0 percent year-over-year in April.Values rose by 2.1 percent over the past three months and are... Read more...

Indonesia's economic growth eased slightly in the first quarter, the Central Statistical Agency said Wednesday. Gross domestic product expanded 4.92 percent year-on-year, slower than the 5.04 percent growth seen in the previous three months. It was also slower than the 5.07 percent expansion forecast... Read more...

India's private sector activity expanded at a slower pace in April, as output among goods producers and service providers rose at weaker rates, survey figures from Nikkei and Markit Economics showed Wednesday. The seasonally adjusted Nikkei Composite Output Index fell to 52.8 in April from a 37-month... Read more...

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Labor productivity in the U.S. continued to decrease in the first quarter of 2016, the Labor Department revealed in a report on Wednesday. Read more...

Reflecting a steep drop in the value of imports, the Commerce Department released a report on Wednesday showing a notably narrower U.S. trade deficit in the month of March. The report said the trade deficit narrowed to $40.4 billion in March from $47.0 billion in February. The deficit had been expected... Read more...

Private sector employment in the U.S. increased by less than expected in the month of April, according to a report released by payroll processor ADP on Wednesday. Read more...

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British mortgage lending is likely to dip in next month or two but conditions are still in place for mortgage approvals to rise to the end of the year, Hansen Lu, a property economist at Capital Economics,... Read more...

Time (et)
Economic Indicator
Period
Actual
Forecast
Previous
Country
Wednesday ,May.4
Official Foreign Reserves
APR
€ 49.82 B
 
€ 47.42 B
Spain
02:45
Current Account Balance - BoP
MAR
€ -1.8 B
 
€ -4.1 (R) B
France
02:45
Capital Account Balance - BoP
MAR
€ 0.0 B
 
€ 0.1 B
France
02:45
Trade Balance
MAR
€ -4.4 B
 
€ -5.18 B
France
02:45
Exports
MAR
€ 36.4 B
 
€ 37.9 (R) B
France
02:45
Imports
MAR
€ 40.8 B
 
€ 43.31 B
France
03:15
PMI Services
APR
55.1
54.4
55.3
Spain
03:50
PMI Composite
APR F
50.2
 
50.0
France
03:50
PMI Services
APR F
50.6
50.8
49.9
France
03:55
PMI Composite
APR F
53.6
 
54.0
Germany
03:55
PMI Services
APR F
54.5
54.6
55.1
Germany
04:00
PMI Composite
APR F
53.0
53
53.1
Eurozone
04:00
PMI Services
APR F
53.1
52.87
53.1
Eurozone
05:00
Retail Sales (M-o-M)
MAR
-0.5 %
-0.03 %
0.3 (R) %
Eurozone
05:00
Retail Sales (Y-o-Y)
MAR
2.1 %
2.5 %
2.7 (R) %
Eurozone
08:15
Official Foreign Reserves
APR
$ 83.92
 
$ 82.19
Canada
08:15
ADP Employment Change
APR
156 K
196.5 K
200 K
United States
08:30
Non-Farm Productivity (Q-o-Q)
Q1 P
-1.0 %
-0.65 %
-2.2 %
United States
08:30
Non-Farm Productivity (Y-o-Y)
Q1 P
0.6 %
 
0.5 %
United States
08:30
Real Time Compensations (Q-o-Q)
Q1 P
3.4 %
 
0.9 %
United States
08:30
Real Time Compensations (Y-o-Y)
Q1 P
1.7 %
 
2.1 %
United States
08:30
Unit Labor Cost (Q-o-Q)
Q1 P
4.1 %
3 %
3.3 %
United States
08:30
Unit Labor Cost (Y-o-Y)
Q1 P
2.3 %
 
2.1 %
United States
08:30
Exports
MAR
C$ 40.99 B
 
C$ 43.05 (R) B
Canada
08:30
Imports
MAR
C$ 44.40 B
 
C$ 45.52 (R) B
Canada
08:30
Exports
MAR
$ 176.62 B
 
$ 178.16 (R) B
United States
08:30
Imports
MAR
$ 217.06 B
 
$ 225.13 B
United States
08:30
Trade Balance
MAR
$ -40.44 B
$ -41.96 B
$ -46.96 (R) B
United States
09:00
PMI Composite
APR
39.0
 
40.8
Brazil
09:00
PMI Services
APR
37.4
 
38.6
Brazil
09:45
PMI Composite
APR F
52.4
 
51.3
United States
09:45
PMI Services
APR F
52.8
 
51.3
United States
10:00
ISM Non-Manufacturing New Orders Index
APR
59.9
 
56.7
United States
10:00
ISM Non-Manufacturing Prices Index
APR
53.4
 
49.1
United States
10:00
ISM Non-Manufacturing Survey
APR
55.7
54.66
54.5
United States
10:00
Factory Orders (M-o-M)
MAR
1.1 %
0.57 %
-1.9 (R) %
United States
10:00
Factory Orders Ex. Transportation M-o-M
MAR
0.8 %
 
-0.9 (R) %
United States
10:30
EIA Crude Oil Inventory (Barrels)
APR 29
543.4 M
 
540.6 M
United States
21:30
Retail Sales (M-o-M)
APR
 
0.3 %
0.0 %
Australia
21:30
Exports
MAR
 
 
A$ 25.27 B
Australia
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Risk Aversion Getting Entrenched in Markets  

The major U.S. index futures are pointing to a lower opening on Wednesday, with sentiment hurt by the persistence of risk off sentiment.  The dollar has weakened amid the release of soft private payrolls data and a steeper than expected fall in first quarter non-farm productivity. The resource space...
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