US GDP (Q1) QoQ advance: 1.6% vs 2.5% exp. and 3.4% previously (GDP deflator seasonally adjusted: 3.1% vs 1.7% previously)
- US GDP price index: 3.1% vs 3% exp. vs 1.6% previously
- US Core PCE prices advance: 3.7% vs 3.4% exp. vs 2% previously
US jobless claims: 207k vs 215 k exp. and 212 k.previously
- Continued jobless claims: 1,781 k vs 1,8135 k exp. vs 1,812 k previously
US Wholesale inventories: -0.4% vs 0.3% MoM vs 0.5% previously
- Retail inventories: -0.1% vs 0.4% previously
US Advance goods trade balance: -91,83 bln USD vs -91 bln USD exp. and -90,3 bln USD previously
US100 loses after the important US data
After weaker than expected GDP data with very low jobless claims and higher than expected price index, futures on Nasdaq 100 (US100) weakened as traders expect Fed members to be pressured and hawkish, despite not as strong as expected American economy momentum. The biggest risk is of course as higher prices meaning inflationary pressure.
Source: xStation5
Source: US Bureau of Economic Analysis, Bloomberg Finance LP, XTB Research
Source: US Bureau of Economic Analysis, Bloomberg Finance LP, XTB Research
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