Economy News


China’s Jobs Problem Runs Deeper Than the Coronavirus

China’s Jobs Problem Runs Deeper Than the Coronavirus

As China grapples with rising unemployment and slowing growth, some say a needed economic boost could come from new business approaches to hiring. Some job listings in China also still go so far as to say applicants must be younger than age 30, or 35. If those requirements, implicit or explicit, ...


July 8, 2020
German Economy Likely to Grow Again From October or November
German Economy Likely to Grow Again From October or November

FILE PHOTO: German Economy Minister Peter Altmaier speaks during a news conference at the Federal Ministry for Economic Affairs and Energy, in...

German Firms With Foreign Exposure Complain of Poor Revenues
German Firms With Foreign Exposure Complain of Poor Revenues

Around four-fifths of German firms with foreign exposure have experienced a collapse in revenues as a result of the coronavirus crisis, and 93%...

Britain to Map Out Next Moves in COVID Recovery Plan
Britain to Map Out Next Moves in COVID Recovery Plan

British finance minister Rishi Sunak will announce on Wednesday his next moves to prevent a wave of job cuts from snowballing into a full-blown...

China Factories to Face Headwinds in Next Phase of Recovery
China Factories to Face Headwinds in Next Phase of Recovery

Orders for infrastructure materials and equipment have helped industrial output recover faster in China than most places emerging from COVID-19...

July 7, 2020
Halifax: UK House Prices Fall for Longest Period Since 2010
Halifax: UK House Prices Fall for Longest Period Since 2010

British house prices fell for a fourth month in a row in June as COVID-19 restrictions continued to depress the market, the longest run of monthly...

German Industrial Output Rallies, Firms See Brighter Outlook
German Industrial Output Rallies, Firms See Brighter Outlook

Germany’s industrial production rebounded in May, rising by 7.8% for the month after falling by a revised 17.5% in April, the Statistics...

Euro Zone Set for Deeper Recession, Less Steep Rebound
Euro Zone Set for Deeper Recession, Less Steep Rebound

The euro zone economy will drop deeper into recession this year and rebound less steeply in 2021 than previously thought, the European Commission...

July 6, 2020
Euro Zone Retail Sales in Record Rebound in May
Euro Zone Retail Sales in Record Rebound in May

Consumers in the euro zone returned en masse to shops in May as lockdowns were eased in the bloc, estimates from the EU statistics agency showed on...

Euro Zone Investor Morale Up in July: Sentix
Euro Zone Investor Morale Up in July: Sentix

Investor morale in the euro zone improved for a third month running in July but a dip in expectations suggests the recovery from the impact of the...

German Industry Orders Post Moderate Rebound in May
German Industry Orders Post Moderate Rebound in May

Orders for German industrial goods rose by 10.4% in May, rebounding from their biggest drop since records began in 1991 the previous month, data...

July 3, 2020
Singapore Launches Probe Into Citadelle, Senjo Group
Singapore Launches Probe Into Citadelle, Senjo Group

Singapore authorities said they launched an investigation into Citadelle Corporate Services, Senjo Group and its subsidiaries after scrutinising...

Euro Zone Business Slump Eased in June as Lockdowns Relaxed
Euro Zone Business Slump Eased in June as Lockdowns Relaxed

The plunge in euro zone business activity caused by lockdowns imposed to stop the spread of the coronavirus eased sharply last month as more...

July 2, 2020
Canada Exports Jump in May
Canada Exports Jump in May

Canada’s exports rose in May as auto industry production resumed and on higher crude prices, though imports fell on supply challenges tied to...

World Food Price Index Rises in June, 1st Increase in 2020
World Food Price Index Rises in June, 1st Increase in 2020

World food prices rose in June to post their first increase of 2020 and mark a slight rebound after the sharp falls triggered by the coronavirus...

Euro Zone Unemployment Edges Up in May
Euro Zone Unemployment Edges Up in May

Unemployment in the euro zone edged up only slightly and by less than expected in May as lockdowns gradually eased, although the rise was more...

Fed's Bullard Warns of a Financial Crisis Amid Pandemic: FT
Fed's Bullard Warns of a Financial Crisis Amid Pandemic: FT

St. Louis Federal Reserve president James Bullard told the Financial Times that a wave of “substantial bankruptcies” triggered by the...

July 1, 2020
U.S. Employers Announced More Job Cuts in June: Report
U.S. Employers Announced More Job Cuts in June: Report

U.S. employers announced an additional 170,219 job cuts in June as the recession caused by the COVID-19 depresses demand and pushes companies into...

The Coronavirus Crisis Has Highlighted the Trouble Spots
The Coronavirus Crisis Has Highlighted the Trouble Spots

By the beginning of the third quarter, a mixed picture of economic recovery has emerged across countries and sectors. In short, there are no...

June 30, 2020
IMF Economic Forecasts More Pessimistic Than Saudi Arabia's
IMF Economic Forecasts More Pessimistic Than Saudi Arabia's

Saudi Arabia’s central bank governor said the International Monetary Fund’s economic contraction forecast for Saudi Arabia was...

UK Economy Shows Biggest Drop in 40 Years in Early 2020
UK Economy Shows Biggest Drop in 40 Years in Early 2020

Britain’s economy shrank by the most since 1979 in early 2020 as households slashed their spending, according to official data that included...

China's Factory Activity Quickens
China's Factory Activity Quickens

China’s factory activity expanded at a stronger pace in June in a boost to hopes for a quick economic recovery globally and at home, but the...

Japan Factory Output Slumps as Economy Sinks in Recession
Japan Factory Output Slumps as Economy Sinks in Recession

Japan’s industrial output fell for a fourth straight month in May to the lowest level since the global financial crisis and the jobless rate...

June 29, 2020
German Inflation Picks Up in June
German Inflation Picks Up in June

German annual inflation accelerated at low levels in June, preliminary data showed on Monday, but remained well below the European Central...

Germany Can't Accurately Forecast 2020 Refinancing Volume
Germany Can't Accurately Forecast 2020 Refinancing Volume

Germany cannot accurately forecast its 2020 refinancing volume due to high uncertainty related to the coronavirus pandemic, the head of the...

June 26, 2020
Brazil Bank Lending Spreads Narrow to 24.6% in May
Brazil Bank Lending Spreads Narrow to 24.6% in May

 Bank lending spreads in Brazil fell in May to 24.6 percentage points from 26.2 percentage points in April, while the 90-day default ratio...

Austrian Economy to Shrink by 7% This Year - Wifo
Austrian Economy to Shrink by 7% This Year - Wifo

Austrian economic output will likely not reach its pre-crisis level by the end of 2021 after experiencing a short but deep recession this year due...

Central banks have thrown many tools at coronavirus
Central banks have thrown many tools at coronavirus

To kick-start a world economy devastated by coronavirus, central banks have delved deep into their toolboxes and unleashed trillions of dollars in...

June 25, 2020
U.S. Durable-Goods Orders Rebound 15.8% in May
U.S. Durable-Goods Orders Rebound 15.8% in May

Orders for durable goods such as autos surged in May after historic declines in the early spring when the U.S. was locked down, but manufacturers...

Brazil Mid-June Annual Inflation Falls to 20-Year Low
Brazil Mid-June Annual Inflation Falls to 20-Year Low

Annual inflation in Brazil fell in June to its lowest in at least 20 years, according to a mid-month measure of consumer prices on Thursday,...

UK Retailers Gloomy Before Lockdown Eased in June - CBI
UK Retailers Gloomy Before Lockdown Eased in June - CBI

British retailers remained gloomy in the run-up to non-essential stores being allowed to reopen to the public on June 15, a survey from the...

Frustration, Fear, Family: Lockdowns Test Investment Bankers
Frustration, Fear, Family: Lockdowns Test Investment Bankers

Lockdowns are sharpening the knives in the cut-throat world of M&A banking. Stuck at home, armed only with a phone and a laptop, senior...

Why gold may continue to rally — as long as U.S. stocks do
Why gold may continue to rally — as long as U.S. stocks do

The tech-heavy Nasdaq keeps setting new records, and gold is on a roll, closing at its highest level since 2012. That is not the typical...

June 24, 2020
Stocks, U.S. Futures Slide as Virus Cases Surge
Stocks, U.S. Futures Slide as Virus Cases Surge

European stocks and U.S. futures slumped as a resurgence in virus cases in Tokyo, Germany and the American South sharpened concern about the pace...

China to Txtend Waiver on Port Construction Fees
China to Txtend Waiver on Port Construction Fees

China’s Ministry of Finance said on Wednesday it would extend a waiver on port construction fees for imported and exported cargoes until the...

June 23, 2020
Tectonic Shifts in the World Economy: China Buys Europe
Tectonic Shifts in the World Economy: China Buys Europe

U.S. White House Advisor Peter Navarro said on Monday of the trade deal with China that “it’s over”, scaring the markets. These...

Euro Zone Data to Reveal Depth of Virus Aftershocks
Euro Zone Data to Reveal Depth of Virus Aftershocks

The state of the euro zone’s business activity is the main focus for European markets on Tuesday, with investors eager to digest the latest...

India’s Economy Was Hit By the Coronavirus Lockdown
India’s Economy Was Hit By the Coronavirus Lockdown

India is one of the world’s worst hit countries in the coronavirus pandemic, with reported cases spiking in recent weeks as the country...

June 19, 2020
Japan's Deflation Gathers Momentum as Prices Extend Declines
Japan's Deflation Gathers Momentum as Prices Extend Declines

Japan’s core consumer prices fell for a second straight month in May, reinforcing deflation expectations and raising the challenge for...

June 18, 2020
Greek Jobless Rate Drops to 16.2% in First Quarter
Greek Jobless Rate Drops to 16.2% in First Quarter

Greece’s jobless rate fell to 16.2% in the first quarter from 16.8% in the fourth quarter of 2019, data by the country’s statistics...

June 17, 2020
Brazil Services Activity Falls a Record 11.7% in April
Brazil Services Activity Falls a Record 11.7% in April

Services activity in Brazil slumped 11.7% in April, figures showed on Wednesday, the biggest fall since comparable record-keeping began nearly a...

U.K. Posts Weakest Inflation Since 2016
U.K. Posts Weakest Inflation Since 2016

U.K. inflation slowed to just a quarter of the Bank of England’s target in May, boosting the case for policy makers to add to their stimulus...

European car sales tumble 57% in May
European car sales tumble 57% in May

After reopening factories and sorting out supply chains, Europe's car makers are facing a new problem related to the coronavirus pandemic: a...


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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