Thursday, 09 April 2020
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Friday, 3 April 2020 19:48 WIB

The U.S. economy shed 701,000 jobs in the month to mid-March, the government said in a monthly labor market report that largely predates any impact from the Covid-19 pandemic on the U.S. economy. The figures, normally the most eagerly-awaited data of the month in global financial markets, have already been rendered largely meaningless by the unprecedented spike in jobless claims over the subsequent two weeks. Nearly 10 million Americans “ 6% of a total workforce of 164 million - have filed for unemployment benefit since the Bureau of Labor Statistics™ cut-off date of March 12. Analysts...

RECENT NEWS
China Manufacturing, Retail, Investment Suffer Historic Slump
Monday, 16 March 2020 09:45 WIB | ekonomi China

China suffered an even deeper slump than analysts feared at the start of the year as the coronavirus shuttered factories, shops and restaurants across the nation, underscoring the economic fallout now facing the global economy as the virus spreads around the world. Industrial output plunged 13.5% in January and February from a year earlier, versus a median estimate for a 3% contraction. Retail sales fell 20.5% in the period, compared to a projected 4% fall. Fixed-asset investment dropped 24.5%, versus a forecast 2% decline. The unemployment rate jumped to 6.2%, the...

US Core CPI beats with 2.4% YoY in February above 2.3% expected
Wednesday, 11 March 2020 19:51 WIB | CPI Amerika Ekonomi AS

The US Core Consumer Price Index has risen by 2.4% in February, above 2.3% that was on the cards. On a monthly basis, underlying prices rose by 0.2% as expected. Headline inflation rose by 0.1% monthly and 2.3% yearly, both exceeding estimates. The Federal Reserve targets price stability and an increase in inflation is, in theory, a reason to raise interest rates. However, investors are focused on coronavirus developments and policymakers' responses to them. EUR/USD is trading around 1.1340, GBP/UDS around 1.2950, and USD/JPY at around 104.60 at the time of writing. Source : FXstreet

U.S. Hiring Surges With 273,000 Gain Ahead of Hit From Virus
Friday, 6 March 2020 20:50 WIB | U.S.Unemployment Non-Farm Employment Ekonomi AS

U.S. employment surged last month with the biggest gain since May 2018, indicating the labor market was on especially solid footing before the spread of the coronavirus intensified. Payrolls rose 273,000 after the prior month was revised up to also reflect a 273,000 gain, according to Labor Department data Friday that beat all forecasts in Bloombergs survey calling for 175,000. The jobless rate fell back to a half-century low of 3.5% as average hourly earnings climbed a steady 3% from a year earlier. The surprisingly strong hiring signals that...

Australia's Retail Sales drop 0.3% in Jan, surprise negatively – AUD/USD off the highs
Friday, 6 March 2020 07:56 WIB | Ekonomi Australia Retail Sales

Australia's consumption, as represented by Retail Sales, unexpectedly dropped in the month of January, the Australian Bureau of Statistics (ABS) reported on Friday. The retail sales arrived at -0.3% month-on-month (MoM), compared to the forecast of 0.0% and down from previous month's reading of -0.5%. The trend estimate rose 0.1% in January 2020. This follows a rise of 0.1% in December 2019, and a rise of 0.2% in November 2019. The seasonally adjusted estimate fell 0.3% in January 2020. This follows a fall of 0.7% in December 2019, and a rise of 1.0% in November 2019. In trend terms,...

ISM nonmanufacturing index rises to 57.3, beating expectations
Wednesday, 4 March 2020 22:11 WIB | Ekonomi AS

U.S. services sector activity accelerated to a one-year high in February, suggesting  underlying strength in the economy despite the coronavirus outbreak, which has triggered financial market fears of a recession and led to an emergency interest rate cut from the Federal Reserve. The Institute for Supply Management (ISM) said on Wednesday its non-manufacturing activity index increased to a reading of 57.3 last month, the highest level since February 2019, from 55.5 in January. A reading above 50 indicates expansion in the services sector, which accounts for more than two-thirds of...

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ASIA
China's Factory Outlook Improves More than Expected in September
Monday, 30 September 2019 09:02 WIB

A report on the health of China™s manufacturing sector improved in September, although it was still below the line indicating contraction. The manufacturing purchasing...

UNITED STATES
U.S. Trade Deficit Narrows as Exports, Imports Both Plummet
Thursday, 6 June 2019 19:54 WIB

The U.S. trade deficit narrowed in April as both exports and imports tumbled, highlighting the impact of President Donald Trump™s tariffs even before negotiations with China unraveled and he...

EUROPE
German Services Hold Up Output as Manufacturers Struggle
Friday, 21 June 2019 14:53 WIB

Output from Germany's private sector remained unchanged in June, as a decline in manufacturing was offset by continued growth in services. A flash reading of the country's composite Purchasing...

GLOBAL ECONOMY
First Phase of US-China Trade Deal Announced
Monday, 16 December 2019 09:09 WIB

A trade deal between the United States and China, separately announced Friday by both countries, will be such a boon for American farmers they will "have to go out and buy much larger tractors,"...