PU Prime App
Exclusive deals on mobile
PU Prime App
Exclusive deals on mobile
Hold The Global Markets In Your Hands
Our trading mobile app is compatible with most smart devices. Download the App now and start trading with PU Prime on any device, anytime and anywhere.
24 May 2024,06:58
Weekly Outlook
24 May 2024, 06:58
Australian retail sales experienced a greater decline than anticipated in the March quarter, dropping by 0.4% compared to the expected 0.2% decrease. This marked the lowest annual retail sales growth since 2021, excluding pandemic-related impacts. The primary factors behind this decline were higher mortgage rates and reduced real incomes, which diminished consumers’ purchasing ability. With mounting cost of living pressures, it is anticipated that consumer spending will further decline in the coming months.
In April, the Conference Board released its CB Consumer Confidence report, revealing a decline in consumer confidence from 103.1 (revised from 104.7) in March to 97.0 in April, against an analyst consensus of 104. This marked the lowest level since July 2022. Consumers became less optimistic about the current market situation and more worried about future business conditions, job availability, and income. Additionally, persistent U.S. inflation, which continues to impact the cost of living, is likely to keep the consumer confidence subdued.
The U.S. gross domestic product (GDP) growth rate slowed to an annual rate of 1.6 percent in the first quarter of this year, marking a significant deceleration from the 3.4 percent growth in the fourth quarter of 2023. This was the slowest pace since the second quarter of 2022. The previous reading was based on incomplete data and is subject to revision, with the forthcoming data likely to confirm a similarly weak tone.
In March, the core personal consumption expenditures (PCE) price index, excluding food and energy, increased by 2.8% from a year ago, remaining unchanged from February and slightly higher than the expected 2.6%. With inflation remaining sticky, the cost of living is anticipated to rise further and with that, the Federal Reserve’s preferred measure of inflation is likely to remain stubborn in April and may even gain momentum.
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Trading Platforms
Company
FAQs
PU Prime App - Start Trading with an Edge
Risk Warning: Trading Contract for Difference (CFD) carries a high level of risk to your capital and may result in losses that exceed your deposits due to leverage. It's important to understand how CFDs work and assess whether you can afford the high risk of losing your money. When acquiring our derivative products, you do not own or have rights in the underlying assets. Past performance is not indicative of future results. The information on this website is general and does not take into account your personal objectives, financial circumstances, or needs. Seek independent advice from qualified experts if necessary, and ensure you fully understand the risks before making any trading decisions.
PU Prime Limited is authorized and regulated by the Financial Services Authority of Seychelles under License No. SD050, with registered address at CT House, Office 1A, Providence, Mahe, Seychelles.
PU Prime Ltd is authorized and regulated by the Financial Services Commission of Mauritius under License No. GB23202672, with registered address at Suite 201 Level 2, The Catalyst Building, 40 Silicon Avenue, Cybercity Ebene, Mauritius.
The information on this website is not intended for residents of certain jurisdictions, including the United States, Singapore, Australia, China, and jurisdictions listed on the FATF and EU/UN sanctions lists. It is not intended for distribution or use where such distribution or use would be contrary to local law or regulation. While the Authority has granted a securities or derivatives investment business licence to the Licensee, it does not endorse the products offered.
Finzero Cap Ltd, registered in the Republic of Cyprus with registration number HE414308 and registered address at 62 Athalassas, Mezzanine, Strovolos 2012, Nicosia, Cyprus.
Copyright © 2024 PU Prime.
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Thank You for Your Acknowledgement!
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
Thank You for Your Acknowledgement!
