French consumer confidence deteriorates sharply in April

Apr 28, 2020 13:48 pm UTC| Commentary

The French consumer confidence in economic situation deteriorated sharply in April given the COVID-19 situation. The sentiment index dropped 8 points to 95, below its long time average of 100. The share of households...

Riksbank keeps monetary policy unchanged, repo rate likely to be kept on hold going forward

Apr 28, 2020 12:29 pm UTC| Commentary Central Banks

The Swedish central bank, Riksbank, kept its monetary policy unchanged today, as expected. The rate path is flat at 0.0 percent throughout the forecast horizon. Nevertheless, the endpoint of rate path is as early as the...

FxWirePro: Asian markets remarkably up, gold stabilizes below $1,730 mark

Apr 27, 2020 04:33 am UTC| Commentary

All the major Asian indices were trading on a higher note on Monday. Gold was trading around $1,721 mark while silver was trading around $15.28 mark. Japans Nikkei was trading 2.35 pct higher at 19,693.00...

Chinese economic growth to decelerate to 1.6 pct in 2020, likely to rebound to 8.5 pct in 2021

Apr 24, 2020 17:35 pm UTC| Commentary

The economic outlook of China continues to be challenging because of the COVID-19 outbreak, but early signs of recovery are emerging. In the recent weeks, the outbreak of virus has steadied, permitting the authorities in...

U.S. new orders for durable goods fall sharply in March

Apr 24, 2020 16:17 pm UTC| Commentary

U.S. new orders for durable goods dropped 14.4 percent in March, slightly softer than the expected fall of 12 percent. Nevertheless, the fall was mainly focused in the transportation category, where bookings dropped 41...

Norwegian mainland GDP falls in Q1 2020; decline likely to be bigger in Q2

Apr 24, 2020 13:51 pm UTC| Commentary

Norways mainland GDP fell 6.4 percent in March. For the whole of first quarter of 2020, the GDP declined 1.9 percent. This is the sharpest fall since the financial crisis in the fourth quarter of 2008. The fall is expected...

The Ifo business climate index for Germany deteriorates further in April

Apr 24, 2020 12:31 pm UTC| Commentary

The Ifo business climate index for Germany continue to fall in April. The index dropped to 74.3 points from Marchs 85.9. The fall was steeper than consensus expectations of 79.7. The current business situation index...