The Energy Information Administration released a report on Wednesday showing crude oil inventories in the U.S. decreased by more than expected in the week ended January 30th. The report said crude oil inventories fell by 3.5 million barrels last week after declining by 2.3 million barrels in the previous...
A report released by the Institute for Supply Management on Wednesday showed its reading on U.S. service sector activity came in unchanged in the month of January. The ISM said its services PMI came in at 53.8 in January, unchanged from a revised reading in December. A reading above 50 indicates growth in the sector.
Eurozone inflation softened in January, flash estimate from Eurostat showed on Wednesday. The harmonized index of consumer prices rose 1.7 percent on a yearly basis in January, following December's 2.0 percent increase. The rate came in line with expectations. Excluding volatile energy, food,...
Hong Kong retail sales value increased in December, driven by higher sales of jewelry and valuable gifts, the Census and Statistics Department said Tuesday. The retail sales value grew 6.6 percent year-on-year in December, following November's 6.5 percent rise. Online sales accounted for 8.8 percent...
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by much less than expected in the month of January. ADP said private sector employment rose by 22,000 jobs in January after climbing by a downwardly revised 37,000 jobs in December.
January 30, 2026 15:51 ET The Federal Reserve policy decision was the main event in the final week of January, which saw a heavy flow of economics news. Several data reflecting the trends in the U.S. economy were also released during the week. The interest rate decision from Canada also was in focus. In Europe, economic sentiment data gained attention. The policy decision from Singapore was the highlight in Asia.
Eurozone inflation fell below the 2 percent target in January on falling energy prices and a stronger euro, official data showed on Wednesday. The harmonized index of consumer prices rose 1.7 percent on a yearly basis in January, as expected, following December's 2.0 percent increase, flash data from Eurostat revealed.
Consumer price inflation in Croatia increased slightly in January from an eight-month low in December. The consumer price index climbed 3.4 percent year-on-year in January, following a 3.3 percent rise in December. Prices for food, beverages, and tobacco rose 3.0 percent from the same month a year ago. The overall inflation was largely driven by a 7.2 percent surge in costs for services.
The UK service sector grew the most in five months in January amid strong growth in output and new work, final data from S&P Global showed on Wednesday. The final services Purchasing Managers' Index advanced to 54.0 in January from 51.4 in December. The flash score was 54.3. The reading has remained...
India's service sector growth rebounded at the start of the year amid quicker rises in new orders and output. The seasonally adjusted HSBC India Services PMI rose to 58.5 in January from 59.8 in December. Both output and new orders grew at faster rates in January, and the upturn in the latter was driven by demand buoyancy, new business gains, and tech investment.
The major U.S. index futures are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction following the weakness seen in the previous session. The futures remained little changed even after payroll processor ADP released a report showing private sector...
Market attention has turned on corporate earnings scorecards as well as key economic data releases on the anvil.
Following the weakness seen in the previous session, stocks may show a lack of direction in early trading on Wednesday. The major index futures are currently pointing to a roughly flat open for the markets, with the S&P 500 futures up by just 0.1 percent. The futures remained little changed even after...
The Canadian market is likely to open higher on Wednesday as energy and materials stocks look headed for more upside, tracking higher oil and bullion prices. Tech stocks may face pressure with Anthropic's new legal tools for its Cowork product prompting investors worldwide to cut exposure to traditional IT services.
Reports on private sector employment and service sector activity might get special attention on Wednesday. Asian shares finished mostly down, European shares are trading up. In the Asian trading hours, gold prices were up nearly 3 percent at $5,080 an ounce. Oil extended overnight gains. Initial...
Brazil's service sector expanded at a slower pace in January amid a less favorable demand environment. The seasonally adjusted S&P Global Brazil Services Business Activity Index dropped to 51.3 in January from 53.7 in December. Among components, new orders and business activity grew at weaker rates, which prompted service providers to lower workforce numbers and downgrade output projections.
Consumer price inflation in Italy eased in January to the lowest level in fifteen months. Consumer price inflation slowed to 1.0 percent in January from 1.2 percent in December, as expected. Goods prices showed a fall of 0.2 percent compared to last year, while costs for services rose 2.5 percent.
The euro area private sector logged its weakest growth in January due to the weakening of growth in services activity, final data from S&P Global showed on Wednesday. The final composite output index posted 51.3 in January, the lowest score since last September. The score remained below the initial estimate and the December's level of 51.5.