Economy News


U.S. Manufacturing Production Rises in April

U.S. Manufacturing Production Rises in April

Output at U.S. factories increased in April as operations at plants that were damaged by February’s stormy weather in the South came back online, offsetting a decline in the production of motor vehicles.


May 14, 2021
U.S. Retail Sales Unchanged in April
U.S. Retail Sales Unchanged in April

U.S. retail sales unexpectedly stalled in April as the boost from stimulus checks faded, but an acceleration is likely in the coming months amid...

Chip Shortage to Cost Automakers $110B in Revenues in 2021
Chip Shortage to Cost Automakers $110B in Revenues in 2021

The global semiconductor chip shortage will cost automakers US$110 billion in lost revenues this year, up from a prior estimate of US$61 billion,...

May 13, 2021
April’s Inflation Surge wasn’t as Drastic as it Looked
April’s Inflation Surge wasn’t as Drastic as it Looked

There is probably less than meets the eye from the startling inflation pop in April, as goods impacted by a variety of temporary influences pushed...

May 11, 2021
U.S. Job Openings Race to Record High in March
U.S. Job Openings Race to Record High in March

U.S. job openings surged to a record high in March while hiring lagged, further evidence that a shortage of workers was hampering job growth.

German Investor Morale Surges as Third COVID-19 Wave Eases
German Investor Morale Surges as Third COVID-19 Wave Eases

Investor sentiment in Germany surged in May thanks to a third wave of the COVID-19 pandemic tailing off, a survey showed on Tuesday, pointing to a...

Norway Plans Record Election Year Spending from Wealth Fund
Norway Plans Record Election Year Spending from Wealth Fund

Norway should spend a record amount of cash from its $1.3 trillion sovereign wealth fund this year as it continues to battle the pandemic’s...

Malaysia's GDP Slump Eases in Q1 on Export Recovery
Malaysia's GDP Slump Eases in Q1 on Export Recovery

Malaysia’s economy contracted less sharply in the first quarter as domestic spending improved along with external demand in spite of a recent...

May 7, 2021
Bank of England does not See COVID Bankruptcy Wave - Haldane
Bank of England does not See COVID Bankruptcy Wave - Haldane

The Bank of England does not expect to see a wave of bankruptcies among British firms when the government ends its coronavirus emergency support...

May 6, 2021
US Jobless Claims Dip, Pointing to Strong Monthly NFP Report
US Jobless Claims Dip, Pointing to Strong Monthly NFP Report

There is a new sign of labour market strength in the USA with a fall in weekly jobless claims to 498K, the lowest number since March 2020. The fall...

U.S. Solar Jobs fell 7% on Pandemic, Efficiency Gains
U.S. Solar Jobs fell 7% on Pandemic, Efficiency Gains

Jobs in the U.S. solar industry fell nearly 7% last year due to work restrictions related to the coronavirus pandemic and large gains in labor...

Chip Shortage Gets Worse for Car Giant, With No End in Sight
Chip Shortage Gets Worse for Car Giant, With No End in Sight

Stellantis NV warned the global semiconductor shortage will deteriorate further from the first three months of the year, when the crunch curbed...

India Reports over 412,000 new Covid Cases
India Reports over 412,000 new Covid Cases

India once again reported a record number of cases and fatalities on Thursday as it faces a devastating second wave of Covid-19 infections that has...

May 5, 2021
Spain Expects 69.5B Euros from EU Rescue Funds in 3 Years
Spain Expects 69.5B Euros from EU Rescue Funds in 3 Years

Spain expects to receive 69.5 billion euros ($83.46 billion)from European Union rescue funds in the next three years, Economy Minister Nadia...

Euro zone Producer Prices Accelerate in March
Euro zone Producer Prices Accelerate in March

Euro zone producer prices accelerated in line with expectations in March, driven by increases for energy and intermediate goods, data showed on...

India C.bank Offers Debt Relief as COVID-19 Cases Spike
India C.bank Offers Debt Relief as COVID-19 Cases Spike

India’s central bank unveiled fresh measures on Wednesday to help lenders tide over mounting bad loans and give some borrowers more time to...

Euro zone Business Growth Accelerates as Services Expanded
Euro zone Business Growth Accelerates as Services Expanded

Euro zone business activity accelerated last month as the bloc’s dominant services industry shrugged off renewed lockdowns and returned to...

May 4, 2021
S. Arabia Cuts Q1 Deficit, Reaping Benefits of Fiscal Steps
S. Arabia Cuts Q1 Deficit, Reaping Benefits of Fiscal Steps

Saudi Arabia reduced its budget deficit to 7.4 billion riyals ($1.97 billion) in the first quarter of the year, the finance ministry said on...

India Reports more than 357,000 new Covid Cases
India Reports more than 357,000 new Covid Cases

India crossed 20 million reported cases of Covid-19 on Tuesday. There were 357,229 new cases reported over a span of 24 hours, bringing the total...

JPY Up in Absence of Japanese Traders; NZ Unemployment
JPY Up in Absence of Japanese Traders; NZ Unemployment

Rates as of 05:00 GMT Having failed to find suitable trade-weighted indices, I’m experimenting with making my own, using the weights supplied...

May 3, 2021
Canadian Factory Activity Holds near Record-Setting Pace
Canadian Factory Activity Holds near Record-Setting Pace

Canadian manufacturing activity grew for the 10th straight month in April as production and new orders climbed, with the pace easing only slightly...

Brazil Manufacturing PMI Falls to 10-Month Low in April
Brazil Manufacturing PMI Falls to 10-Month Low in April

Growth in Brazil’s manufacturing sector decelerated in March to its slowest rate since June last year, a survey of purchasing managers’...

April 30, 2021
Young Workers Are Drifting Away From London as Jobs Dry Up
Young Workers Are Drifting Away From London as Jobs Dry Up

An unheralded corner of London’s property market is suggesting the capital has lost a big portion of its young professionals and lower-paid...

EUR Knocked by Weak Germany GDP Report
EUR Knocked by Weak Germany GDP Report

Germany’s GDP fell by 1.7% in the first quarter, says Destatis. The fall to the same period a year earlier is 3.3%. This is in clear contrast...

China’s Factory Activity Growth Slows on Supply Bottlenecks
China’s Factory Activity Growth Slows on Supply Bottlenecks

China’s factory activity expanded at a slower pace and missed forecasts in April as supply bottlenecks and rising costs weighed on production...

April 29, 2021
China 2021 Gold Demand seen Reverting to Pre-Pandemic Levels
China 2021 Gold Demand seen Reverting to Pre-Pandemic Levels

China’s 2021 gold demand will see annual growth and will revert to pre-pandemic levels if there are no dramatic changes to the global...

German Job Data Disappoints in Further Setback for Recovery
German Job Data Disappoints in Further Setback for Recovery

German unemployment rose unexpectedly in April and companies put more staff on shorter working hours in subsidized job protection schemes, data...

Biden Unveils Massive Family Aid Plan Funded by Taxing Rich
Biden Unveils Massive Family Aid Plan Funded by Taxing Rich

President Joe Biden will unveil on Wednesday a sweeping $1.8 trillion plan to expand educational opportunities and child care for families, funded...

April 28, 2021
Japan's Retail Sales Rise at Fastest Pace in Five Months
Japan's Retail Sales Rise at Fastest Pace in Five Months

Japanese retail sales rose at the fastest pace in five months in March as consumer demand recovered from the huge hit it took from the coronavirus...

April 27, 2021
UK Retailers Report Sharpest Upturn Since 2018 - CBI
UK Retailers Report Sharpest Upturn Since 2018 - CBI

British retailers reported the sharpest upturn in sales since 2018 this month as non-essential shops in England and Wales began to reopen after...

When It Comes to a Travel Restart All Vaccines Are Not Equal
When It Comes to a Travel Restart All Vaccines Are Not Equal

With the resumption of global travel on the horizon, some people are discovering that their choice of vaccine could determine where they’re...

U.S. Stocks Resume Rally to Record on Growth Bets
U.S. Stocks Resume Rally to Record on Growth Bets

U.S. equities headed for all-time highs amid solid corporate earnings and confidence that the Federal Reserve will remain accommodative even as...

Goldman Sachs sees UK Recovery Outpacing the U.S. this Year
Goldman Sachs sees UK Recovery Outpacing the U.S. this Year

Goldman Sachs has upgraded its forecasts for the U.K. economy in 2021, and now sees it outpacing the U.S. The U.K.‘s flash composite...

April 26, 2021
India Reports Record Covid Cases for 5th Straight Day
India Reports Record Covid Cases for 5th Straight Day

India reported a record number of Covid-19 cases for the fifth straight day on Monday while the official death toll also jumped. Official data...

April 23, 2021
Rich Countries are Refusing to Waive Rights on Vaccines
Rich Countries are Refusing to Waive Rights on Vaccines

The U.S., Canada and U.K. are among some of the high-income countries actively blocking a patent-waiver proposal designed to boost the global...

Economy to Stage Vigorous Recovery; Jobs Growth to Lag
Economy to Stage Vigorous Recovery; Jobs Growth to Lag

The global economy will recover this year from its coronavirus slump at a pace not seen since the 1970s as strong momentum builds in most major...

New Covid Variant Shows Signs of Antibody Resistance
New Covid Variant Shows Signs of Antibody Resistance

Scientists at Texas A&M University’s Global Health Research Complex say they’ve detected a new Covid-19 variant that shows signs of...

April 22, 2021
ECB sees Scope for Rebound as Vaccines are Rolled Out
ECB sees Scope for Rebound as Vaccines are Rolled Out

The European Central Bank left policy unchanged as expected on Thursday, keeping copious stimulus flowing even as it predicted a firm rebound in...

U.S. Inflation could Hit 3% or 4% by Middle of 2022
U.S. Inflation could Hit 3% or 4% by Middle of 2022

More and more strategists believe investors are underestimating the outlook for consumer prices. David Roche, president of investment firm...

UK Manufacturers' Hopes for Rebound Strongest Since 1973
UK Manufacturers' Hopes for Rebound Strongest Since 1973

British manufacturers’ expectations of a rebound from the economic slump caused by the COVID pandemic rose to their highest in almost 50...

Britain Shows Fledgling Signs of Economic Recovery
Britain Shows Fledgling Signs of Economic Recovery

Britain is showing signs of economic recovery from the COVID-19 pandemic as it gradually relaxes its latest lockdown measures, according to a range...

April 21, 2021
Housing Prices could Boost Vulnerabilities in Downturn, BoC
Housing Prices could Boost Vulnerabilities in Downturn, BoC

The Bank of Canada on Wednesday said it feared high housing prices could result in stretched borrowing and lending, leaving some households and...

Bank of Canada sees Economic Slack Absorbed in H2 2022
Bank of Canada sees Economic Slack Absorbed in H2 2022

The Bank of Canada sharply hiked its outlook for the Canadian economy on Wednesday and said it expected slack to be absorbed in the second half of...


The economy as a key factor in currency and stock trading

The economy is one of the key factors in the degree of the influence on the currency market. Such economic indicators as gross domestic product, consumer indices, indices of industrial production, inflation and the labor market are very important for the traders in the analysis and the construction of their trading strategies.

Follow the news of the world economy for successful trading

Understanding of the formation of economic indicators provides an opportunity for participants in the Forex market to conduct a more efficient trade. Publications of economic news have a direct impact on the exchange rate and on the income of traders, that is why everything that happens in the world economy must be carefully taken into account by traders in their trading plans.

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