Top-of-mind economic headlines as we start the week:
— The US Consumer Price Index rose 8.3% annualized in April, but that was a 0.2% deceleration from the March rise, a hopeful indication that inflation might be peaking.
— A key survey of US consumer sentiment fell to 59 in May (from 65 in April), the lowest level since 2011, amid concern about inflation.
— S&P 500 earnings growth for Q1 2022 is likely to be around 9%, nearly twice as much as expected; price-earnings ratio of S&P 500 is now below 17, close to 10-year average.
— For April, Chinese retail sales were down 11%, industrial production down 2.9% and unemployment up to 6.7%, as Covid-related shutdowns take a toll on the economy.
— The International Energy Agency forecast that 320 gigawatts of renewable energy will come online this year, equivalent to the annual energy usage of Germany.
Disclaimer: Clicking on any of the above links will take you away from the LNW web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.
