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Macro Indicators News Stream
The first presidential election debate between Donald Trump and Joe Biden will be keenly watched next week, as well as the last official round of Brexit talks. Key economic data include US non-farm payrolls, personal income and outlays, factory orders; UK final Q2 GDP; Eurozone inflation and business survey; Germany and Australia retail sales; Japan's tankan quarterly survey, retail trade and industrial output; and worldwide manufacturing PMI surveys. Central banks in India and the Philippines will be deciding on monetary policy.
Sep 26, 2020 09:42 (GMT)
The coronavirus will continue to dominate the headlines as investors fear that a resurgence in new cases could hamper the global economic recovery. Meanwhile, US Fed Chair Powell and Treasury Secretary Mnuchin will testify before the Senate and House of Representatives on the CARES Act. Elsewhere, flash PMI surveys for the US, UK, Eurozone, Japan and Australia will be keenly watched, while central banks in China, Turkey, Mexico and New Zealand will be deciding on monetary policy. Other key data to follow include: US existing and new home sales, and the weekly jobless report; UK and Eurozone consumer confidence.
Sep 18, 2020 19:54 (GMT)
The Fed's monetary policy meeting will be keenly watched next week with all eyes on Chair Powell's press conference for hints on new stimulus measures and details on the new average inflation target. On the data front, industrial production, retail sales, building permits and housing starts will also be in the spotlight. Elsewhere, the BoE and the BoJ will announce their interest rate decision, China will release industrial production, retail sales and fixed investment figures and the ruling Liberal Democratic Party in Japan will hold its leadership election with the new party’s leader almost certainly becoming premier, replacing Shinzo Abe.
Sep 12, 2020 08:59 (GMT)
China Trade Surplus Larger than Estimated
China's trade surplus widened sharply to USD 58.93 billion in August 2020 from USD 34.72 billion in the same month the previous year and far more than market expectations of a USD 50.50 billion surplus.
Sep 7, 2020 08:47 (GMT)
In the US, inflation rate and job openings will be in the spotlight next week. The ECB will also hold its monetary policy meeting, with markets expecting no major changes in the current policy stance but looking for clues on when more stimulus will be added through the pandemic emergency purchase programme. In the UK, a new round of Brexit talks will resume next week after negotiations in August ended without any progress on key issues. Other important data to follow include China trade balance and inflation rate; UK monthly GDP figures; and India industrial production.
Sep 5, 2020 07:10 (GMT)
India GDP Contracts 23.9% in Q2
The Indian economy shrank 23.9 percent year-on-year in the second quarter of 2020, much worse than market forecasts of an 18.3 percent drop. It is the biggest contraction on record, as India imposed a coronavirus lockdown in late March and extended it several times, halting most economic activities. Still, India remains the third worst-affected country in the world by the pandemic.
Aug 31, 2020 13:17 (GMT)
US non-farm payrolls are seen rising by over 1 million in August and the jobless rate will likely fall below 10 percent for the first time since April. Elsewhere, GDP data for Brazil, India, Australia and Turkey will be in the spotlight as well as worldwide manufacturing and services PMI surveys and monetary policy action by the RBA. 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.
Aug 28, 2020 17:33 (GMT)
US GDP Contraction Revised Lower
The US economy shrank by an annualized 31.7 percent in the second quarter of 2020, lower than a 32.9 percent plunge in the advance estimate and compared to market forecasts of a 32.5 percent fall. Still, 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. Private inventory investment and personal consumption expenditures (PCE) decreased less than previously estimated.
Aug 27, 2020 12:53 (GMT)
Jackson Hole symposium will take the spotlight next week, with investors looking for any signs of monetary policy changes and comments on the world's economic recovery from central bankers. Key data to follow include in the US the second estimate Q2 GDP, durable goods orders and personal income and outlays; Canada and Germany Q2 GDP updates; Eurozone business survey; and China industrial profits. Meanwhile, the Bank of Korea will be deciding on interest rates.
Aug 23, 2020 12:35 (GMT)
Minutes from the Federal Reserve, ECB, RBA and RBI will be in the spotlight next week, while central banks in China, Indonesia, the Philippines and Turkey will be deciding on monetary policy. On the economic data front, flash PMI surveys for the US, UK, Eurozone, Japan and Australia will provide an insight into whether these economies continued to recover amid a resurgence in COVID-19 infections. Other key data to follow include: US housing data; UK retail trade and inflation; Eurozone consumer confidence; Japan Q2 GDP, trade balance and inflation.
Aug 14, 2020 18:46 (GMT)
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