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Macro Indicators News Stream

Week Ahead
All eyes turn to US Fed Chair Powell's testimony before Congress next week, as well as the US jobs report due Friday, which will probably point to a further slowdown in the labor market recovery. Elsewhere, GDP data for Brazil, Australia, Turkey and Canada will be in the spotlight as well as worldwide manufacturing and services PMI surveys and monetary policy action by the RBA and RBI. Other releases include trade figures for the US and Canada, factory orders for the US and Germany, industrial output and retail sales for Japan and South Korea.
Nov 27, 2020 17:23 (GMT)
India GDP Shrinks Less than Expected in Q3
The Indian economy shrank 7.5% year-on-year in Q3 2020, less than market expectations of an 8.8% drop, amid easing of lockdown restrictions from June, higher demand during festival season and a rebound in manufacturing and utilities. It follows a record 23.9% plunge in Q2 2020, bringing the economy into recession for the first time on record. Still, the GDP is seen shrinking in Q4 as the pandemic is far from controlled and the government announced a $10 billion stimulus package in mid-October only.
Nov 27, 2020 12:51 (GMT)
US GDP Growth Confirmed at Record 33.1%
The US economy expanded by an annualized 33.1% in Q3 2020, in line with the advance estimate. It is the biggest expansion ever, following a record 31.4% plunge in Q2, as the economy rebounds from the coronavirus pandemic. Upward revisions to business and housing investment, and exports were offset by downward revisions to personal and public consumption and private inventory investment. Still, personal spending was the main driver of growth, helped by checks and weekly unemployment benefits from the federal CARES Act. However, GDP is still 3.5% below its pre-pandemic level and although a coronavirus vaccine is expected to be ready soon, the pandemic is far from controlled. Also, only around half of the 22 million jobs lost were recovered so far and a new stimulus bill hasn't been approved yet.
Nov 25, 2020 14:14 (GMT)
Week Ahead
Minutes from the Federal Reserve and European Central Bank will be in the spotlight next week, while South Korea's policymakers meet to set interest rates. On the economic data front, the US is releasing the second estimate of Q3 GDP, alongside durable goods orders, personal income and outlays, and PCE price index. Other GDP updates to follow include those from Germany, France, Singapore, Taiwan and Mexico. Elsewhere, flash PMI surveys for the US, UK, Eurozone and Australia will be keenly watched, as well as the Eurozone business survey and China industrial profits.
Nov 20, 2020 20:03 (GMT)
Week Ahead
Investors will continue to monitor the spread and impact of the pandemic on the global economy while the third-quarter earnings season will come to a close. Elsewhere, central banks in China, Turkey, Hungary, Indonesia, Iceland, the Philippines and Thailand will be deciding on monetary policy. Key economic data include US retail sales and industrial production; UK and Eurozone consumer confidence and inflation; China unemployment, retail sales and industrial output; Japan Q3 GDP, trade balance and inflation; and Australia employment figures. Traders will also follow the G20 Virtual Leaders’ Summit.
Nov 13, 2020 20:28 (GMT)
Week Ahead
Joe Biden is projected to win the US Presidential elections and it is going to be interesting to watch the market reaction. Elsewhere, Brexit talks and the third-quarter earnings season will also continue to dominate the headlines. GDP updates from the Eurozone, UK, Russia, Malaysia and Philippines will be keenly watched, alongside US, China and India inflation data; US and Australia consumer sentiment; UK jobs data and foreign trade; Eurozone and India industrial output; and Japan current account and machinery orders. Central banks in Mexico and New Zealand will be deciding on interest rates.
Nov 7, 2020 12:48 (GMT)
China October Trade Surplus Larger than Estimated
China's trade surplus surged to USD 58.44 billion in October 2020 from USD 42.3 billion in the same month the previous year, and far above market expectations of USD 46 billion. Exports jumped by 11.4 percent while imports rose at a softer 4.7 percent.
Nov 7, 2020 03:35 (GMT)
Americans Head to the Polls Waiting for Stimulus
The US Presidential election on November 3rd 2020 will be one of the more atypical in the US history. It happens in the middle of a pandemic, with early voting surging, both by mail and in person. Anxiety and uncertainty about the results mount not only because the result may take too long to be known but because investors fear a contested result. Still, regardless of the winner, markets seem to agree that a new stimulus is much needed to help the economic recovery.
Nov 3, 2020 08:36 (GMT)
Week Ahead
The US presidential election takes center stage next week, with Joe Biden leading the polls and early voting hitting record levels amid the coronavirus crisis. Elsewhere, central banks in the US, UK, Australia and Malaysia will be deciding on monetary policy, while the third-quarter earnings season continues. Key economic data include US non-farm payrolls, ISM PMI surveys and foreign trade; Eurozone retail sales; Germany industrial output and factory orders; China Caixin PMIs and trade balance; and Indonesia Q3 GDP figures.
Oct 31, 2020 10:59 (GMT)
US GDP Grows at Record 33.1% in Q3
The US economy expanded by an annualized 33.1% in Q3 2020, beating forecasts of a 31% surge. It is the biggest expansion ever, following a record 31.4% plunge in Q2, as the economy rebounds from the coronavirus pandemic. Personal spending surged and was the main driver of growth, helped by checks and weekly unemployment benefits from the federal CARES Act. Growth also reflects increases in private inventory investment, exports, nonresidential fixed investment, and residential fixed investment that were partly offset by decreases in federal government spending (reflecting fewer fees paid to administer the Paycheck Protection Program loans). However, GDP is still 3.5% below its pre-pandemic level and the outlook for Q4 and 2021 remains uncertain as the pandemic is far from controlled and a vaccine is not ready yet. Also, out of more than 22 million jobs lost in March and April only around 11.3 million were recovered so far while a new stimulus bill hasn't been approved yet.
Oct 29, 2020 13:24 (GMT)

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