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Reuters report, citing BOJ sources on the matter Adding that the BOJ's forecasts to be released should reflect the view that the Japanese economy bottomed in April or May, which heightens the chances of the central bank forgoing bold easing measures at the upcoming meeting.

Comments by ECB executive board member, Fabio Panetta – The economic recovery in 2021-22 won't make up for lost ground in 2020 Panetta adds to the comments by de Cos earlier , in justifying the action by the ECB yesterday. In any case, the market certainly responded more favourably with Italian bonds rallying and the […]

Bundesbank releases their latest forecasts on the German economy – German GDP to grow by 3.2% in 2021, 3.8% in 2020 – Says that projections don't include the recent fiscal package by the government Meanwhile, Bundesbank chief Weidmann also gives the thumbs up to the recent government action by saying that the fiscal support has [&h

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<p>Little progress has been made regarding Brexit negotiations as UK and EU officials indicated. UK chief negotiator, David Frost said, “progress remains limited but our talks have been positive in tone.” He added, “Negotiations will continue and we remain committed to a successful outcome. “We are close to reaching th

<p>Canada employment grew 290k in May, well above expectation of -500k loss. That also represented a recovery 10.6% of the coronavirus related employment losses. Unemployment rate, however, rose to 13.7%, up from 13.0%, but better than expectation of 15.0%. That was the highest level on record too. Participation rate rose 1.6% to 61.4%, but s

<p>US total non-farm payroll employment grew 2509k in May, well above expectation of -8000k decline. BLS said the improvements in the labor market reflected a “limited resumption of economic activity” curtailed in March and April due to coronavirus pandemic. Unemployment rate dropped to 13.3%, down from 14.7%, beat expectation of

<p>ECB Chief Economist Philip Lane said in a blog post that the decision to expand the PEPP is “the proportionate response to the substantial downward revision of the economic and inflation outlooks and the significant deterioration in financial conditions”. He added, “the incoming economic and financial data and future proj

<p>Dollar attempts to rebound after non-farm payroll employment unexpectedly rebounded while unemployment rate fell. But strength is mainly centered against Yen, Swiss Franc, and to a lesser extent Euro. Commodity currencies continue to be the strongest ones, together with Sterling. Canadian Dollar also firms up on job growth but lags behind