Macro Indicators News Stream
The US Senate will be debating and voting on the President Biden's $1.9 trillion coronavirus aid bill during the weekend, with the Democrat-controlled House of Representatives expecting it to be signed into law as soon as next week. Elsewhere, monetary policy meetings in the Eurozone and Canada will be keenly watched, as well as updated GDP figures for Japan, the Eurozone, the UK and South Africa. Other important releases include US, China and India inflation data; US and Australia consumer sentiment; UK and China foreign trade; Eurozone and India industrial output; and Japan current account.
Mar 5, 2021 20:37 (GMT)
After President Biden's $1.9 trillion pandemic aid bill narrowly passed the House in the early hours of Saturday, all attention would move now to vote in Senate. Meanwhile, investors will also turn the eyes to US jobs report due Friday; GDP data for Australia, Brazil, Canada and Turkey as well as worldwide manufacturing and services PMI surveys and monetary policy action by the Reserve Bank of Australia.
Feb 27, 2021 13:06 (GMT)
US GDP Growth Revised Slightly Higher to 4.1%
The US economy expanded an annualized 4.1% in Q4 2020, slightly higher than the advance estimate of a 4% growth, the second estimate showed. Upward revisions to residential fixed investment, private inventory investment, and state and local government spending were partly offset by a downward revision to personal consumption expenditures. Figures compare with market forecasts of 4.2%. Still, the economy slowed from a record 33.4% expansion in Q3 as the continued rise in COVID-19 cases and restrictions on activity moderated consumer spending. The outlook for 2021 seems brighter than it was some months ago as vaccination rollout began although at a slower than expected pace and as the new Biden administration unveiled a $1.9 trillion stimulus plan. However, the package hasn't been approved yet and current unemployment insurance benefits expire on March 14th.
Feb 25, 2021 14:14 (GMT)
The US is releasing the second estimate of Q4 GDP, alongside durable goods orders, personal income and outlays, and PCE price index. Other GDP updates to follow include those from Germany, France, Switzerland, India, Hong Kong and Mexico. Elsewhere, the Eurozone business survey and the UK jobs report will be keenly watched, as well as China house prices, Japan industrial production and retail sales, and Australia's fourth-quarter construction output. Central banks in South Korea and New Zealand will be deciding on monetary policy.
Feb 19, 2021 19:44 (GMT)
The Federal Reserve, ECB and RBA will be releasing policy meeting minutes in the coming week, while central banks in Indonesia and Turkey meet to set interest rates. On the economic data front, flash PMI surveys for the US, UK, Eurozone, Japan and Australia will give an insight about the state of the global economy. Other important releases to follow include US retail sales and industrial production; Canada and UK inflation data and retail trade; Japan and Eurozone Q4 GDP data; and Australia employment figures. Investors will also be monitoring any signs of progress on the US fiscal stimulus side.
Feb 13, 2021 12:05 (GMT)
As in the last week, investors will be paying attention to COVID-19 figures and the progress on a new US stimulus package. Important data releases include inflation for US, China and India; Q4 GDP figures for UK, Norway and Malaysia; consumer sentiment for US and Australia and industrial output and foreign trade for Germany. Also, central banks in Sweden, the Philippines, Mexico and Russia will be deciding on interest rates.
Feb 6, 2021 12:08 (GMT)
Next week, the US jobs report for January will provide an update on the labour market after seven consecutive months of job gains came to a shuddering halt in December. ISM PMIs and foreign trade balance will also be in the spotlight and investors will also monitor the progress of stimulus discussions in Washington. The earnings season continues with quarterly results from Alphabet, Amazon, Exxon Mobil and Pfizer. Elsewhere, traders will look at the OPEC+ meeting for further clues on oil production in the near term and monetary policy decisions from the BoE, RBA and RBI as well as GDP growth figures for the Euro Area.
Jan 30, 2021 10:43 (GMT)
US GDP Growth Slows to 4% in Q4
The US economy expanded an annualized 4% in Q4 2020, slowing from a record 33.4% expansion in Q3 as the continued rise in COVID-19 cases and restrictions on activity moderated consumer spending. Figures came in line with market forecasts, the advance release showed. Both business and housing investment remained robust and exports grew at a double-digit pace while personal consumption slowed and public expenditure edged down. The outlook for 2021 seems brighter than it was some months ago as vaccination rollout began although at a slower than expected pace and as the new Biden administration unveiled a $1.9 trillion stimulus plan. However, doubts remain whether Congress will pass the bill and how long it will take for Americans to start receiving checks.
Jan 28, 2021 14:35 (GMT)
In the US, it will be a very busy week of economic data including fresh GDP growth figures, Fed's monetary policy decision and corporate earnings, with reports from Apple, Microsoft, Facebook and Tesla. Investors will continue to focus on the pandemic, specially on new and more-contagious strains and will carefully monitor President Biden's legislative agenda in a divided Congress. Elsewhere, the IMF is set to release its World Economic Outlook and growth figures from Germany, Mexico and Hong Kong will also be in the spotlight.
Jan 23, 2021 10:46 (GMT)
The fourth-quarter earnings season continues next week, with companies such as IBM, Netflix, Intel and P&G reporting their results. Elsewhere, flash PMI surveys for the US, UK, Eurozone, Japan and Australia will be keenly watched, while central banks in the Euro Area, Japan, China, Malaysia, Indonesia, Canada, Brazil and Turkey will be deciding on monetary policy. Other key data to follow include: US building permits and housing starts, and existing home sales; UK inflation data and retail trade; Eurozone consumer confidence; China Q4 GDP figures; and Japan trade balance and inflation.
Jan 15, 2021 19:34 (GMT)
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