Thursday, 09 April 2020
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Thursday, 9 April 2020 20:19 WIB

The latest round of coronavirus-induced layoffs and furloughs soared by another 6.6 million in the first week of April, bringing total job losses in less than a month to a stupefying 16.8 million. Initial jobless claims, a rough proxy for job losses, have now posted increases of 6.6 million, 6.9 million and 3.3 million in the last three weekly readings since the middle of March. Initial jobless claims leaped a seasonally adjusted 6.6 million in the week of March 29 to April 4, topping the 6 million MarketWatch forecast. What™s more, new claims in the last week of March were revised up...

RECENT NEWS
U.S. Companies Add More Jobs Than Forecast, ADP Data Show
Wednesday, 4 March 2020 20:36 WIB | Ekonomi AS

U.S. companies added more workers than forecast in February, suggesting the jobs market was in good shape just as the coronavirus began rippling through the economy. Businesses payrolls increased by 183,000 after a downwardly revised 209,000 gain a month earlier, according to ADP Research Institute data released Wednesday. The median estimate in a Bloomberg survey of economists called for a 170,000 gain. The biggest two-month gain in private payrolls in almost two years offers a snapshot of a robust labor market before coronavirus fears slammed headlong into financial markets and...

Australia 4Q GDP Expands 0.5% Q/Q; Estimate 0.4% Gain
Wednesday, 4 March 2020 07:57 WIB | Ekonomi Australia

The GDP report is a snapshot of the economy in the rearview mirror, particularly as it covers a period before wildfires engulfed Australia's east coast and the coronavirus forced the shutdown of China. The Bureau of Statistics released the data in Sydney Wednesday. 4Q GDP grew 2.2% from year earlier; est. 2% gain. 4Q household savings ratio was 3.6%. 4Q household spending rose 0.4% q/q. AUD at 65.95 U.S. cents vs 65.90 cents pre-data. The RBA cut interest rates a quarter-point Tuesday to a record-low 0.5% as Governor Philip Lowe warned the epidemic was having œa significant...

U.S. Factory Gauge Cools More Than Forecast, Imports Tumble
Monday, 2 March 2020 22:16 WIB | Ekonomi AS

A key gauge of U.S. manufacturing retreated to near-stagnation in February amid mounting concern that the world's largest economy won't be able to dodge a hit from the coronavirus. The Institute for Supply Management index slid to 50.1 from 50.9 a month earlier, according to data Monday that showed a steeper drop than economists surveyed by Bloomberg projected. Three of five components fell, led by the biggest drop in production since 2018. The factory gauge clinging just above 50, the dividing line between expansion and contraction, follows January's surprisingly...

Caixin China PMI Mfg (Feb): 40.3 (est 46, prev 51.1)
Monday, 2 March 2020 09:00 WIB | ekonomi China

Caixin China PMI Mfg (Feb) has been released and is below contraction territory, as to be expected considering the coronavirus impact on the economy. Caixin China PMI Mfg (Feb) 40.3 (est 46, prev 51.1). This data shows that Production, New Orders Collapse, Employment all shrinks at the sharpest pace on record There has been less of a shock in this data considering the weekend's official February manufacturing PMI plunging 14.3 points to 35.7 “ a record low. "This is one of the first pieces of Chinese economic data reflecting the impact of COVID-19, and it was weaker than expected, weaker...

U.S. Consumer Confidence Edges Up to Six-Month High on Outlook
Tuesday, 25 February 2020 22:17 WIB | Ekonomi AS

U.S. consumer confidence edged up to the best level in six months on an improvement in expectations, signaling that solid employment and cheap fuel are helping Americans look past concerns about the spread of the coronavirus. The Conference Boards reading increased to 130.7 from a downwardly revised 130.4 in January, according to data from the New York-based group Tuesday that fell short of estimates in Bloombergs survey of economists. The economic expectations measure climbed to a seven-month high that helped offset a drop in the present situation gauge falling to the...

EkonomiAmerika Dollar Australia, Indeks manufaktur AS HANG SENG BOE Non-Farm Employment minyak mentah WTI PDB Eropa Taiwan Stoxx Europe 600 Inggris Fiskal & Moneter Italia, Wallstreet MSCI FTSE100
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,"...