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In focus - Trump presidency
Baker Hughes: US oil rig count up by 2 to 483
The number of oil rigs in the United States stood at 483 in the week ending April 25, increasing by two from the previous week, according to the Baker Hughes weekly rig count released on Friday. The rig count fell by 23 on an annual basis.The US gas rig count was up by one to 99 in the reported week, while dropping by 6 compared to the same period last year. The total number of rigs in the country currently stands at 587, climbing up by two from last week and slipping by 26 from the previous year.In Canada, the total number of rigs dipped by six to 128 on a weekly basis. The number of oil rigs in the country declined by six to 81, while the number of gas rigs was unchanged compared to the week prior, standing at 47.
US consumer confidence continues to decline in April
Consumer sentiment in the United States declined further in April, standing at 52.2, according to a final monthly report published by the University of Michigan on Friday. The index was down by 8.4% on a monthly basis and 32.4% on an annual level.At the same time, the Current Economic Conditions Index marked a fall of 6.3% in the reported period compared to March 2025 and slipped 24.3% compared to April 2024, standing at 59.8 points. The Index of Consumer Expectations lost 10.1% on a monthly basis and 37.8% on a yearly basis, amounting to 47.3."Consumer sentiment fell for the fourth straight month, plunging 8% from March. While the April decline in current conditions was modest, the expectations index plummeted with drop-offs in personal...
Canadian retail sales fall 0.4% in February
Retail sales in Canada fell by 0.4% in February compared to the previous month, Statistics Canada said in a report on Friday. Core retail sales, excluding gasoline stations, fuel vendors and motor vehicle and parts dealers, were up 0.5% in February. Motor vehicle and parts dealers recorded the largest drop in sales at 2.6%, while sales at gasoline stations and fuel vendors rose by 0.3%. According to an unofficial advance estimate, retail sales in March gained 0.7%.
UK retail sales up by 2.6% in March
The United Kingdom's retail sales volumes jumped by 2.6% in March compared to the same month a year prior, surpassing analysts' expectations, the Office for National Statistics revealed in a report published on Friday.On a monthly basis, the figure increased by 0.4%, with textile clothing and...
Tokyo's inflation rises from 2.9% to 3.5% in April
The annual inflation rate in the Ku-area of Tokyo came in at 3.5 % in April, rising from the 2.9% registered in March, the Statistics Bureau of Japan said in its report published on Friday.The Consumer Price Index (CPI) excluding fresh food and energy rose to 2%, higher than last month's 1.1%, while the...See more news
