Latest data released by the Japanese Machine Tool Builders' Association – Prior -40.7% See here for global coronavirus case data Slight delay in the release by the source. The reading measures the change in total value of new orders placed with Japanese
Blogs
Germany April final CPI +0.9% vs +0.8% y/y prelim
Latest data released by Destatis – 14 May 2020 – CPI +0.4% vs +0.3% m/m prelim – HICP +0.8% vs +0.8% y/y prelim – HICP +0.4% vs +0.4% m/m prelim The preliminary release can be found . Little change to initial estimates, as inflation pressures continue to wane amid the fall in oil prices and […]
Germany April wholesale price index -1.4% vs -0.4% m/m prior
Latest data released by Destatis – 14 May 2020 – -0.4% – Wholesale price index -3.5% y/y – Prior -1.5% The slump in wholesale prices sees the annual reading fall to its weakest level since October 2009, indicating a marked drop in consumption activity amid lockdown measures.
France Q1 ILO unemployment rate 7.8% vs 8.5% expected
Latest data released by INSEE – 14 May 2020 – Prior (Q4) 8.1% – Mainland unemployment rate 7.6% vs 8.3% expected – Prior (Q4) 7.9%; revised to 7.8% See here for global coronavirus case data
Trade ideas thread – European session 14 May 2020
Daily thread to exchange ideas and to share your thoughts Asian equities are keeping lower, with US futures also down by about 0.2% currently after another rough session for European and US equities in trading yesterday.
Germany reports 933 new coronavirus cases, another 89 deaths in latest update
RKI estimates the virus reproduction rate to be 0.84 as of yesterday Meanwhile, another 89 deaths were reported so that brings the total number of deaths to 7,723 persons as of the latest update today.
Intelsat has filed for Chapter 11 protection
Intelsat is a communications satellite services provider listed on the NY stock exchange, part of the Russell 2000 index. – has undertaken a financial restructuring
FT reports that the UK is planning to cut tariffs on US agricultural products
In order to prompt progress on trade deal discussions – UK government is drawing up plans to slash tariffs on US agricultural imports to advance progress on a trade deal
China says to allow imports of US barley
Given Australian barely is a target for China they have to get from somewhere! See here for global coronavirus case data
ForexLive Asia FX news wrap: Australia job loss data sends currencies lower
Forex news for Asia trading Thursday 14 May 2020 The early move was a lower USD/JPY, dropping under 107 as the Asia morning became a little more active. More substantial currency moves followed the release of the Australian jobs marekt report for April, where a large number of job losses was the expected, and in […]