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Wednesday, 3 June 2020 21:19 WIB

U.S. services industry activity pushed off an 11-year low in May, but businesses appeared in no rush to rehire workers as they reopen, supporting views the economy could take years to recover from the devastation caused by the COVID-19 crisis. The Institute for Supply Management (ISM) said on Wednesday its non-manufacturing activity index rose to a reading of 45.4 last month from 41.8 in April, which was the lowest since March 2009 and first contraction since December 2009. A reading below 50 indicates contraction in the services sector, which accounts for more than two-thirds of U.S....

RECENT NEWS
Australia Feb Unemployment Rate +5.1 pct
Thursday, 19 March 2020 08:00 WIB | Ekonomi Australia

The COVID-19 and emergency response form the Reserve Bank of Australia has stripped away the importance, or rather, the sense of urgency surrounding this data, but for what it is worth at this stag in the game,here is the outcome of February's report where a key focus has been on the Unemployment Rate. Australia Jobs data : Australia Feb Employment +26.7k s/adj (Reuters poll: +10.0k). Australia Feb Unemployment rate +5.1 pct, s/adj (Reuters poll: +5.3). Australia Feb Full Time Employment +6.7k s/adj. Australia Feb Participation Rate +66.0 pct, s/adj (Reuters poll: +66.1 pct). Source :...

U.S. Retail Sales Fell in February as Coronavirus Impact Began
Tuesday, 17 March 2020 19:50 WIB | Retail Sales

U.S. retail sales fell in February, indicating the main driver of the U.S. economy, consumer spending, had begun to slow even before coronavirus containment measures began rippling through the economy. The value of overall sales decreased 0.5% from the prior month after a 0.6% gain in January, Commerce Department figures showed Tuesday. The median estimate in a Bloomberg survey called for a 0.2% advance. Sales in the "control group" subset, which some analysts view as a more reliable gauge of underlying consumer demand, were little changed, compared with projections for a 0.4% gain. The...

EUR/USD at fresh lows below 1.11 as German Mar ZEW Economic Sentiment slumps to -49.5
Tuesday, 17 March 2020 17:18 WIB | ZEW Ekonomi Jerman

The German ZEW headline numbers for March showed that the Economic Sentiment Index came in at -49.5 versus -26.4 expectations and 8.7 last. While the sub-index Current Conditions figure arrived at -43.1 in March versus -30.0 expected and -15.7 booked previously. Meanwhile, the Eurozone ZEW economic sentiment for March stood at -49.5 vs. 35.4 expected and 10.4 last. Meanwhile, the Eurozone ZEW economic sentiment for March stood at -49.5 vs. 35.4 expected and 10.4 last. The shared currency met fresh supply on awful German and Eurozone ZEW numbers, with EUR/USD now printing a new two-day...

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

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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,"...