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Macro Indicators News Stream

Week Ahead
The US earnings season continues next week with about a quarter of S&P 500 companies reporting second-quarter results. On the economic data front, US non-farm payrolls are seen rising by over 2 million in July and the jobless rate will likely fall to 10.3 percent. Elsewhere, central bank policy meetings in the UK, India, Brazil, Australia and Thailand will be in the spotlight as well as worldwide manufacturing and services PMIs. Other releases include trade figures for the US and China and GDP data for Indonesia and the Philippines.
Aug 1, 2020 08:36 (GMT)
US Economy Shrinks at Record 32.9%
The US economy shrank by an annualized 32.9 percent in the second quarter of 2020, compared to forecasts of a 34.1 percent plunge, the advance estimate showed. It is the biggest contraction ever, pushing the economy into a recession as the coronavirus pandemic forced many businesses including restaurants, cafes, stores and factories to close and people to stay at home, hurting consumer and business spending. Decreases were seen in personal consumption, exports, private inventory investment, nonresidential fixed investment, residential fixed investment, and state and local government spending while federal government spending jumped. The recovery will depend on the capacity of the country to control the pandemic and avoid more waves of infections. Still, the number of new cases continues to increase, making several states to scale back or pause the reopening of their economies. Fed officials see the US economy shrinking 6.5 percent in 2020.
Jul 30, 2020 13:40 (GMT)
Week Ahead
The US earnings season continues next week, with companies such as Alphabet, Apple, Amazon, Facebook, P&G, Pfizer, Gilead Sciences, Exxon Mobil and Chevron reporting their second-quarter results. Meanwhile, the Fed's monetary policy meeting will be keenly watched as well as GDP data for the US, Eurozone, Hong Kong and Taiwan, and PMI survey for China. Other key economic data include US personal income and outlays and durable goods orders; Eurozone business survey and inflation; Japan consumer confidence, retail trade and industrial output; and Australia inflation data.
Jul 25, 2020 09:31 (GMT)
Week Ahead
The coronavirus will continue to dominate the headlines as well as the second-quarter earnings season, with companies such as IBM, Microsoft, Tesla and Twitter reporting their results. Elsewhere, flash PMI surveys for the US, UK, Eurozone, Japan and Australia will be keenly watched, while central banks in China, Russia, Turkey and South Africa will be deciding on monetary policy. Other key data to follow include: US existing and new home sales, and the weekly jobless report; UK retail trade, business and consumer morale; Eurozone consumer confidence; Japan trade balance and inflation; and South Korea Q1 GDP figures.
Jul 17, 2020 18:45 (GMT)
China Trade Surplus Below Estimates
China's trade surplus narrowed to USD 46.42 billion in June 2020 from USD 49.60 billion in the same month the previous year and far less than market expectations of a USD 58.6 billion surplus.
Jul 14, 2020 04:57 (GMT)
Week Ahead
Second-quarter earnings season gets underway next week, with updates expected from major US health care companies and banks such as Johnson & Johnson, JPMorgan Chase, Citigroup and Wells Fargo. At the same time, EU leaders will meet to discuss a common recovery plan, while central banks in the Euro Area, Canada, Japan, South Korea and Indonesia will be deciding on interest rates. On the economic data front, important releases to follow include US retail sales and industrial production; UK jobs report, monthly GDP and inflation; Eurozone industrial output; China Q2 GDP figures; Australia employment data, business and consumer morale; and India consumer and wholesale prices.
Jul 10, 2020 19:06 (GMT)
Week Ahead
The coronavirus will continue to dominate the headlines as investors fear that a second wave of infections could delay the easing of restrictions in a number of countries. Elsewhere, top negotiators from the EU and the UK will be meeting to discuss Brexit, while European finance ministers are set to debate the bloc's budgetary situation. On the economic data front, important releases to follow include US ISM Non-Manufacturing PMI, Germany factory output and orders, China inflation data, Japan machinery orders and India industrial output. Central bank meetings in Australia and Malaysia will also be keenly watched.
Jul 4, 2020 09:03 (GMT)
Week Ahead
Markets will continue to monitor the impact of the pandemic on the economy amid signs of second waves of infections. Elsewhere, US Fed Powell's testimony to House of Representatives and FOMC policy meeting minutes will be keenly watched. Data to follow include US jobs report, factory orders and foreign trade; UK final GDP figures and consumer confidence; Eurozone inflation and business survey; Germany retail trade; China PMI updates from both the NBS and Caixin; Japan's tankan quarterly survey, retail trade and industrial output; Australia trade balance and retail sales; and worldwide manufacturing and service sector PMI surveys for June.
Jun 27, 2020 09:42 (GMT)
US Economy Shrinks 5% in Q1
The US economy shrank by an annualized 5 percent in the first quarter of 2020, in line with the previous estimate and ending the longest period of expansion in the country's history. It is the biggest drop in GDP since the last quarter of 2008 as the Covid-19 pandemic forced several states to impose lockdown measures in mid-March, throwing millions of people out of work. With the third estimate, an upward revision to nonresidential fixed investment was offset by downward revisions to private inventory investment, personal consumption expenditures (PCE), and exports.
Jun 25, 2020 13:06 (GMT)
Week Ahead
Investors will closely monitor the spread and impact of the coronavirus pandemic as a spike in the US and China raised fears over a second wave of infections. Meanwhile, central bank policy meetings in China, Turkey, Mexico and New Zealand will be keenly watched as well as GDP data for the US. Elsewhere, flash PMI survey for the US, UK, Eurozone, Japan and Australia will be on the spotlight. Other key data to follow include: US durable goods orders, existing and new home sales; and Eurozone, Germany and South Korea consumer morale.
Jun 19, 2020 23:59 (GMT)

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