Other news

Manufacturing activity in Japan decreased again in May, marking almost a year of decline. Local factories continue to face pressure from US tariffs on Japanese imports. These results were revealed in a survey of industry representatives.

An increase of the indicator value may contribute to the rise in quotes of JPY.

An increase of the indicator value may contribute to the rise in quotes of Gasoline.

An increase of the indicator value may contribute to the fall in quotes of Gasoline.

A decrease of the indicator value may contribute to the rise in quotes of Heating Oil.

Morgan Stanley upgraded its rating on US stocks to “overweight”, citing a combination of solid earnings with supportive monetary policy and a weakening dollar.

On Wednesday, May 21, the US dollar fell against major currencies as President Donald Trump failed to convince Republicans to support his tax bill.

On Wednesday, May 21, the UK's National Statistics Office released data showing that the consumer price index (CPI) rose to 3.5% in April, up from 2.6% in March. In response, traders adjusted their forecasts, expecting only a quarter-point rate cut before the end of the year.

Bloomberg reports that a surge in the UK inflation in April exceeded forecasts. Prices grew at the fastest pace in over a year, which prompted traders to slash their bets on rate cuts by the country’s central bank.

A Reuters poll showed the UK economy is expected to grow at a faster pace this year than previously estimated. The upgrade in forecasts is driven by surprisingly strong performance in the first quarter. At the same time, experts do not deny that the improvement may be only temporary.