Tue, Feb 18, 2020 @ 17:59 GMT
Canada will publish its first inflation figures for the new year on Wednesday at 13:30 GMT before releasing retail sales data for the month of December on Friday at the same time. Given its direct impact on monetary policy...
Spot gold advanced to the highest level in two weeks in early US session trading on Tuesday, driven by fresh safe-haven demand on renewed weakness in the stock markets and rising concerns about coronavirus epidemic negative impact on global...
We're seeing some profit taking across the markets on Tuesday, with Wall Street returning from the bank holiday weekend on a more downbeat note. Just week's after forecasting record revenues for the current quarter, Apple has been forced to pare...
Markets remain in risk-off mode today after Apple's warning that China's Wuhan coronavirus outbreak would hurt sales. Deep deterioration in German economic sentiment also reflect the impact on confidence. Investors will likely remain fragile until there is sign of...
Canada manufacturing sales dropped -0.7% mom in December, much worse than expectation of 0.8% mom. Sales were down in 11 of 21 industries, representing 42.6% of the manufacturing sector. The largest declines were in the motor vehicle assembly and...
US Empire State manufacturing general business condition rose sharply to 12.9 in February, up from 4.8, beat expectation of 5.1. Looking at some details, new orders jumped from 6.6. to 22.1. However, number of employees dropped from 9.0 to...
Currently trading at 1.083 against USD, lowest since April 2017, the single currency has plunged -2.4% in the first half of February. This follows a -1% decline in January. Disappointing economic data, renewed speculations on further rate cut by...
WTI oil dropped on Tuesday on as fears about negative impact from coronavirus on global demand prevailed, despite some signs that the number of new virus infection cases fall. Traders remain cautious and awaiting fresh news from OPEC+ group of...
German ZEW Economic Sentiment dropped sharply to 8.7 in February, down from 26.7, missed expectation of 20.4. German Current Situation index dropped to -15.7, down from -9.5, missed expectation of -10.0. Eurozone ZEW Economic Sentiment dropped to 10.4, down...
After taking a beating from virus concerns, the Australian dollar will now look to the nation’s wage growth data for Q4 that are due on Wednesday before the all-important jobs numbers for January due on Thursday, both at 00:30...
UK unemployment rate was unchanged at 3.8% in the three months to December, matched expectations, staying at a four-decade low. A estimated 1.29m people were unemployed. Employment rate was estimated at record high of 76.5%, up 0.4% from the...
China's Customs Tariff Commission of the State Council. announced today tariffs exemptions on 697 lines of US imports, as fulfilment of the US-China trade deal phase one. The products include farm and energy, such as pork, beef, soybeans, liquefied...
Moody's Investors Service warned today that outbreak of China's Wuhan coronavirus would pressure growth in Asia Pacific as a whole. "This shock comes on the back of a marked slowdown in 2019 as decelerating global trade hit the region,"...
Asian stocks flash red on Apple's coronavirus sales warning Euro pinned near 3year low ahead of German ZEW Gold positioned to appreciate towards $1600 Risk aversion swept through Asian markets on Tuesday morning after Apple warned investors it may...
GBPUSD is losing momentum below 1.3000, within a range that has been holding since the jump to a 14-month high of 1.3515 on December 13. Currently, the cable is developing beneath the 20- and 40-day simple moving averages (SMAs) confirming...
In contrast to February’s RBA meeting statement, which demonstrated a less dovish outlook, the minutes revealed that the members considered lowering the policy rate further. Yet, they decided to keep the powder dry on concerns over “risks associated with...
The minutes of the February Board meeting indicate that the Board discussed a rate cut due to the slow expected progress in achieving its objectives. However it highlighted its discussion around the risk/rewards of lower rates. The housing market...
Markets are back in risk off mode in Asia after Apple's warning. While Wuhan coronavirus cases in China might appear to have slowed, investors remain vigilant. More risks lie ahead with German economic sentiment data featured today. For now,...
In the minutes of February 4 RBA meeting, it's reiterated that "it was reasonable to expect that an extended period of low interest rates" in Australia. The central bank would continue to "monitor developments carefully, including in the labour...
According to China's National Health Commission, on February 17, confirmed Wuhan coronavirus cases rose 1886 to 72436. Death tolls rose 98 to 1868. New suspected cases rose 1432 to 6242. Tedros Adhanom Ghebreyesus, WHO director-general, said on Monday that...
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