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<p>BoE voted unanimously to keep Bank Rate unchanged at 0.1%, as well as keeping asset purchase target at GBP 645B. The MPC will “continue to monitor the situation closely and, consistent with its remit, stands ready to respond further as necessary to guard against an unwarranted tightening in financial conditions, and support the econo

<p>Fed Chair Jerome Powell told NBC that the US may “well be in a recession”. But this is different from a “normal recession” as “there is not anything fundamentally wrong with our economy”. And, “quite the contrary, we’re starting from a very strong position”. Also, it’s not a ̶

<p>German Economic Institute (IW) said in the “positive scenario”, the coronavirus lockdown would last until end of April. GDP growth of the country in 2020 would be around -5% lower than without the pandemic. Industry could lost around -10%. Loss in private service provider would be similar to the broader economy. But in individu

<p>Germany Ifo export expectations dropped sharply from -1.1 to -19.8 in March. That is the sharpest decline since reunification, and the lowest level since May 2009. Ifo President Clemens Fuest warned, “The corona pandemic is slowing global trade. Cross-border logistics is becoming more difficult. Germany as an export nation is particu

<p>UK retail sales (quantity bought) dropped -0.3% mom in February, below expectation of 0.0% mom. Retail sales ex-fuel dropped -0.5% mom, also worse than expectation of -0.2% mom. Rolling three months, quantity bought in retail sales dropped for the fourth consecutive month by -0.6% 3mo3m. Excluding fuel, sales dropped -0.6% 3mo3m. Full rele

<p>Germany Gfk consumer climate for April dropped to 2.7, down from March&#8217;s 8.3. The index is at its lowest level since May 2009, when consumer climate was at 2.6 during the global financial crisis. Economic expectations dropped by -20.4pts to -19.2, lowest since August 2012. Income expectations dropped -13.4 pts to 27.8, lowest in

<p>Initial jobless claims from the US have never been so closely watched before. A massive spike in numbers and record jump are expected, as American are suffering heavy impact from coronavirus pandemic. Estimates currently range from 1 million to 4 millions news claims for the weekending March 21. These forecasts are more academic than anyth

<p>BoE’s scheduled monetary policy session is a main focus today. The central has already delivered emergency action last week, by cutting interest rate to 0.1% and expanded its asset purchase program by GBP 200B to GBP 645B. No further rate cut is expected for the time being. Instead, new Governor Andrew Bailey, who has been […]

<p>US Senate finally approved the USD 2T coronavirus relief package after marathon sessions. The historic legislation was passed by 96-vote just before midnight Wednesday. The package includes USD 500B in loans and assistance for large corporations, USD 300B for small businesses. Individuals will get USD 1200 for each adult and USD 500 for ea

<p>Dollar softens mildly again today as consolidation extends. The shock delivered by initial jobless claims is actually rather well expected. The greenback dips slightly after Fed chair Jerome Powell’s comments, but that’s it. BoE keep monetary policies unchanged at the scheduled meeting today, which also triggered little reactio