German Ifo business climate index falls sharply in November, economic growth likely to shrink in Q3
Nov 24, 2020 13:01 pm UTC| Commentary
German Ifo business climate dropped considerably in the month of November. The index dropped to 90.7 from Octobers 92.5. Corona and the lockdown are taking their toll. Germany is threatened by a technical recession and the...
Nov 23, 2020 14:12 pm UTC| Commentary
The flash PMI indices for the U.K. released today indicated an overall decline in business activity in November, ending a run of four straight months of growth, and in line with the possibility of the U.K. economy...
Australian private new capital expenditure likely fell further in Q3 2020 - ANZ
Nov 23, 2020 13:12 pm UTC| Commentary
Australian private new capital expenditure is expected to have dropped further by 1 percent on a quarter-on-quarter basis in the third quarter of 2020, noted ANZ in a research report. Private new capital expenditure had...
U.S. existing home sales rise above expectations in October
Nov 19, 2020 18:38 pm UTC| Commentary
Existing home sales in the U.S. surged above expectations in the month of October. Sales grew 4.3 percent to 6.85 million units, as compared with a modest pullback to 6.46 million. This is the fifth straight monthly gain...
Philippine central bank cuts key policy rate by 25 bps, likely to further cut rates in 2021
Nov 19, 2020 17:30 pm UTC| Commentary Central Banks
The Philippine central bank, BSP, lowered its overnight reverse repurchase rate by 25 basis points to 2 percent. The curt was linked to unfavourable external and domestic factors, such as elevated global uncertainty,...
Bank Indonesia lowers interest rate by 25 bps to 3.75 pct, unlikely to cut further
Nov 19, 2020 16:25 pm UTC| Commentary Central Banks
Indonesian central bank lowered its key policy rate by 25 basis points to 3.75 percent. Todays cut is the first since July. The decision to cut rate reflects a desire to help the economic rebound and comes on the back of a...
U.K.’s headline inflation accelerates in October, likely to remain below 1 pct until Q1 2021
Nov 18, 2020 14:46 pm UTC| Commentary
U.K.s headline inflation accelerated surprisingly in the month of October. The consumer price inflation came in at 0.7 percent year-on-year, an acceleration from Septembers 0.5 percent. Upward influences were seen...
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