Canadian small business sentiment rises in April but remains at low level

Apr 29, 2020 16:00 pm UTC| Commentary

Canadas small business sentiment rose slightly in April. The CFIB Business Barometer rose 16 points to 46.4 in April. While this is a considerable rebound, the index however stands at a level last seen during the 2008-2009...

Advanced estimates show U.S. economic growth contracts in Q1 2020, likely to shrink further in Q2

Apr 29, 2020 15:17 pm UTC| Commentary

The U.S. economy contracted 4.8 percent on an annualized basis in the March quarter of 2020 the biggest fall since the fourth quarter of 2008 when the economy shrank 8.4 percent. Todays data is worse than market...

German headline inflation eases in April on sharp fall in energy prices

Apr 29, 2020 13:03 pm UTC| Commentary

German inflation eased in April to 0.8 percent from prior months 1.4 percent. Consensus expectations were for 0.7 percent. The fall was mainly driven by a year-on-year decline of 5.8 percent in energy prices, owing to the...

FxWirePro: Asian markets noticeably up, gold stabilizes above $1,700 mark

Apr 29, 2020 04:58 am UTC| Commentary

All the major Asian indices were trading on a higher note on Wednesday. Gold was trading around $1,703 mark while silver was trading around $15.18 mark. Australias SP/ASX200 was trading 0.97 pct higher at 5,364.30...

U.S. Conference Board's consumer sentiment index falls sharply in April

Apr 28, 2020 19:03 pm UTC| Commentary

The U.S. Conference Boards index of consumer confidence dropped further in April to 86.9, after a sharp fall in March. Todays is the lowest reading since mid-2014. The fall was quite expected given the adverse effects of...

U.S. goods trade volumes fall sharply in March, goods deficit widens

Apr 28, 2020 18:54 pm UTC| Commentary

U.S. goods trade volumes fell sharply in the month of March as attempts to ease the COVID-19 outbreak negatively impacted goods imports and exports. The advance estimates of U.S. trade in goods showed that the goods...

U.S. Fed likely to keep Fed funds rate on hold in April, to remain at lower bound for long time

Apr 28, 2020 15:19 pm UTC| Commentary

The FOMC is set to meet tomorrow for its meeting. According to a DNB Markets research report, the U.S. Fed is likely to keep the Fed funds rate on hold at 0.00-0.25 percent. Also, it is likely to continue to signal...