USTR TAI SAYS EXPECTS TO HAVE CONTACT WITH SENIOR CHINESE TRADE OFFICIALS IN NEAR TERM
05 May 21 (Wed)
ARAMCO CUTS ALL JUNE OIL PRICING TO ASIA BY $0.10-$0.30/BBL
1. Service PMI Numbers
We will focus on a report on activity in the service sector today.
German Service PMI will be announced and it is expected to come out at...
Treasury Sec. Yellen:
- President Biden is addressing long-standing problems in the US economy
- These problems have festered for too long
- High pric...
04 May 21 (Tue)
YELLEN SAYS RATES MAY HAVE TO RISE TO STOP ECONOMY OVERHEATING
US March factory orders +1.1% vs +1.3% expected
1.UK Manufacturing PMI Number
Focus on a report on activity in the manufacturing sector. UK Manufacturing PMI for April is expected to stay at 60.7. A reading above 50 in...
03 May 21 (Mon)
UK PM Johnson: Will be able to go ahead with restriction loosening on June 21
The US Dollar was under pressure as the U.S. Federal Reserve sticks to its dovish monetary policy.
Last week, the Fed kept its interest rate unchanged at 0.25% as it handed down its polic...
US UMich final April consumer sentiment 88.3 vs 87.5 expected
30 Apr 21 (Fri)
Chicago PMI 72.1, Exp. 65.3
Canada GDP for February 0.4% versus 0.5% estimate
Germany Q1 preliminary GDP -1.7% vs -1.5% q/q expected
1. German Gross Domestic Product (GDP)
The German GDP will be published today and it is expected to drop to -1.5% q-o-q growth. This would lead to an annual realization o...
U.S PENDING HOME SALES (MOM) (MAR) ACTUAL: 1.9% VS -10.6% PREVIOUS; EST 5.0%
U.S PENDING HOME SALES INDEX (MAR) ACTUAL: 111.3 VS 110.3 PREVIOUS
29 Apr 21 (Thu)
Focus on the US GDP Growth. The US first-quarter gross domestic product is expected to increase to 6.5% from 4.3%
GERMAN APRIL INFLATION RATE RISES TO 2.1%; EST. 2.0%
1. German Unemployment
German Unemployment Rate will be also closely followed by the market today. The market expects the unemployment rate to be at 6.0% in March, the sa...
A transitory rise above 2% inflation this year wouldn't meet standard of moderate overshoot
Will likely take some time for substantial further...
28 Apr 21 (Wed)
The sectors most adversely affected by the pandemic remain weak but have shown improvement
The ongoing public health crisis continues to weigh on the economy, and risks to the economic ou...
Fed funds rate unchanged at 0.00% to 0.25% as universally expected
Amid progress on vaccinations and strong policy support, indicators of economic activity ad employment have strengthened...