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
Economy Grows 2.1% in The 4th Quarter as GDP Gets Big Boost From Falling Trade Deficit
Thursday, 30 January 2020 20:57 WIB | Ekonomi AS GDP AS

The U.S. economy grew slightly faster than 2% in the final three months of 2019, aided by a temporary plunge in imports and a resurgent housing market. The modest rate of growth likely foreshadows what lies ahead. Gross domestic product, the official scoreboard for the economy, expanded at a 2.1% clip in the fourth quarter. Analysts polled by MarketWatch had forecast a 1.9% increase. The U.S. got off to sizzling start last year as GDP reached 3.1% in the first quarter, but growth tapered off to the post-recession average of around 2% after the trade war with China intensified and business...

Australia 4Q Trimmed Mean CPI Rises 0.4% Q/Q; Est. 0.4% Gain
Wednesday, 29 January 2020 07:47 WIB | CPI Australia Ekonomi Australia

Australia, like much of the developed world, has struggled to rekindle inflation as wages stagnate and intensified competition keeps prices in check. The central bank focuses on core inflation, a combination of the trimmed mean and weighted median gauges, that smooths out sharp fluctuations. The statistics bureau released the data in Sydney Wednesday. CPI rose 0.7% Q/Q vs est. 0.6% gain. Weighted median CPI gained 0.4% Q/Q vs est. 0.4% gain. Trimmed mean CPI advances 1.6% Y/Y vs est. 1.5% gain. CPI climbs 1.8% Y/Y vs est. 1.7% gain. Weighted median...

US consumer confidence jumps in January to 131.6, vs 128 expected
Tuesday, 28 January 2020 22:13 WIB | Ekonomi AS

Consumer confidence in the U.S. grew more than expected in January as the outlook around the labor market improved, data released Tuesday by The Conference Board showed. The Boards consumer confidence index rose to 131.6 this month from 126.5 in December. Economists polled by Dow Jones expected consumer confidence to rise to 128. Lynn Franco, senior director of economic indicators at The Conference Board said consumers felt more confident about their job prospects moving forward, lifting the overall index. œOptimism about the labor market should continue to support confidence in the...

German IFO Business Climate Index Disappoints With 95.9 in Jan, EUR/USD Hits Fresh Lows
Monday, 27 January 2020 16:41 WIB | German Ifo Business Climate Ekonomi Jerman

The headline German IFO Business Climate Index came in at 95.9 in January, weaker than last month's 96.3 and missing the consensus estimates pointing to a reading of 97.0. Meanwhile, the Current Economic Assessment arrived at 99.7 points in the reported month as compared to last month's 98.8 and 99.2 anticipated. On the other hand, the IFO Expectations Index “ indicating firms projections for the next six months, came in at 92.9 for Jan, down from previous months 93.8 reading and missed market expectations of 95.0. Source :  FxStreet

BOE Rate Cut in Doubt Amid Signs of Post-Election Growth Bounce
Friday, 24 January 2020 16:43 WIB | Ekonomi inggris

A closely watched measure of U.K. economic activity surged to the highest since 2018 in January, undercutting the case for a Bank of England interest-rate cut next week. IHS Markit's flash index for output across the whole economy jumped to 52.4 as firms cited reduced political uncertainty in the wake of Boris Johnson's decisive election victory. That's up from 49.3 last month and above levels most economists said would be enough to stave off a rate cut on Jan. 30. Investors see the Purchasing Managers Indexes as a key factor in the debate over BOE easing this month, providing the most...

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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,"...