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<p>US CPI dropped -0.8% mom in April, versus expectation of -0.7% mom. That&#8217;s the largest monthly decline since December 2008. Core CPI dropped -0.4% mom versus expectation of -0.2%. That&#8217;s also the largest monthly decline since record started in 1957. Annually, CPI slowed to 0.3% yoy, down from 1.5% yoy, missed expectatio

<p>The World Health Organization indicated today that there are some “potentially positive data” on coronavirus treatments. Spokesperson Margaret Harris said at a press briefing, “we do have some treatments that seem to be in very early studies limiting the severity or the length of the illness but we do not have anything th

<p>BoE Deputy Governor Ben Broadbent said today that “the committee are certainly prepared to do what is necessary to meet our remit with risks still to the downside.” And, it’s “quite possible that more monetary easing will be needed over time”. But there are pros and cons of cutting interest rates further from

<p>In the semi-annual testimony to parliament, BoJ Governor Haruhiko Kuroda warned that “Japan’s economy is in an increasingly severe state”. Outlook will “remain severe for the time being.” He pledged to “do whatever we can as a central bank, working closely with the government.” For the near term, f

<p>Australia NAB Business Confidence rose to -46 in April, up from -65. But that remain well below the trough of 1990s recession. Business Conditions, however, dropped to -34, down from -22, below the level seen in the 08/09 financial crisis. Looking at some details, trading conditions dropped form -19 to -33. Profitability conditions dropped

<p>Trade tensions between China and Australia continued to escalate. Four Australian red meat abattoirs were banned from importing to China. It comes just days after China warned of the plan to impose 80% tariffs on Australian barley. Trade Minister Simon Birmingham tried to tone down the suspension as just some “technical issues”

<p>US President Donald Trump bluntly rejected the idea of renegotiating the trade deal with China. The comment came after reports that some Beijing advisers were pushing to reopen the signed agreement. When asked if he would rework the phase one trade deal, Trump said, “No, not at all. Not even a little bit. I’m not […]

<p>White House advisor Peter Navarro warned today that “a bill has to come due for China ” for its role in the global coronavirus pandemic. He said, “it’s not a question of punishing them, it’s a question of holding China accountable, the Chinese Communist Party accountable.” “They inflicted tremendou

<p>ECB Executive Board member Yves Mersch said, like more than 80% of global central banks, they’re working on central bank digital currencies (CBDCs). Policymakers have be ready to “embrace financial technological innovation which has the potential to transform payments and money faster, and in more disruptive ways, than ever bef

<p>In an interview published today, ECB Executive Board member Isabel Schnabel talked down German Constitutional Court ruling that the public sector purchase programme (PSPP) is partly unconstitutional. She noted that European Court of Just has “exclusive jurisdiction” over ECB and its actions. The PSPP was already ruled legal in