U.S. trade deficit widens markedly for second consecutive month in May
Jun 25, 2020 18:23 pm UTC| Commentary
Trade deficit in the U.S. widened markedly for the second straight month in May on a further collapse in exports. The deterioration had a negative tone, as both exports and imports dropped in both April and May, with the...
U.S. Q1 GDP growth’s third estimate remains unchanged, Q2 growth likely to fall sharply
Jun 25, 2020 17:11 pm UTC| Commentary
The BEAs third estimate for U.S. first quarter economic growth was unchanged at -5 percent quarter-on-quarter. The third estimate is based on more complete source data than were available for the earlier estimates. In the...
Canadian small business sentiment rebounds slightly in June
Jun 25, 2020 15:45 pm UTC| Commentary
Canadas small business sentiment saw cautious rebound in June. The CFIB Business Barometer rose two points to 54.6 in the month. While this is a rebound from the late-March lows, the index still continues to be about 5...
Bank of Mexico likely to continue rate cut cycle
Jun 25, 2020 13:33 pm UTC| Commentary
The Mexican central bank is set to meet today for interest rate decision. According to a Commerzbank research report, Banxico is expected to continue its rate cut cycle. At currently 5.5 percent key rates continue to be...
Philippine central bank surprisingly lowers interest rate by 50 bps, unlikely to cut again in August
Jun 25, 2020 11:47 am UTC| Commentary Central Banks
Philippine central bank unexpectedly lowered its overnight reverse repurchase rate today by 50 basis points to 2.25 percent. The BSP policy rate is now at a historic low. Governor Benjamin Djokno noted that low interest...
Gold prices surge as U.S. coronavirus cases offset quick recovery hopes
Jun 25, 2020 07:58 am UTC| Commentary
Gold prices surged after tumbling from a near 8-year peak recorded in the last session, as a selloff in equity markets driven by a surge in coronavirus cases prompted some investors to dump riskier assets. Spot gold was...
Ifo business climate index for Germany rebounds strongly in June, rises above expectations
Jun 24, 2020 15:14 pm UTC| Commentary
The Ifo business climate for Germany rebounded unexpectedly and strongly in June. The Ifo index rose to 86.2, as compared with consensus expectations of 85. As in the previous month, the rise is mainly driven by...