German economic growth contracts in Q1 2020, likely to shrink deeper in Q2

May 15, 2020 12:02 pm UTC| Commentary

German economy shrank in the first quarter of 2020, as was expected. The nations GDP contracted 2.2 percent, in line with consensus expectations of 2.2 percent. Although only March was significantly impacted by Corona, it...

Digital Currency/Stablecoin/Tokenization Series: Publish And TokenPost Debuts Media Industry’s Stablecoin (NKRW)

May 15, 2020 08:03 am UTC| Research & Analysis Digital Currency Insights & Views Commentary

Although the recent times volatility of the cryptocurrencies may have caused great cause of concern for some investors, we kept reiterating that the buzz world, stablecoin tokenization mechanism which is quite unique that...

U.S. retail sales likely to have fallen further in April

May 14, 2020 18:04 pm UTC| Commentary

U.S. retail sales data for the month of April is set to release tomorrow. According to a TD Economics research report, retail sales are likely to have come in even weaker than the March data, as the collapse in activity...

U.S. weekly initial jobless claims fall, to continue to slow down but stay at unprecedented levels for sometime

May 14, 2020 18:03 pm UTC| Commentary

U.S. initial jobless claims for the week ended 9 May came in at 2.98 million, lower than the 2.17 million seen in the prior week. Todays data was slightly higher than consensus expectations of 2.50 million; however, it is...

U.S. import prices fall further sequentially in April

May 14, 2020 16:27 pm UTC| Commentary

U.S. import prices dropped 2.6 percent sequentially, while it fell 6.8 percent year-on-year in April. This is the third straight month the import prices fell. Total import prices dropped further in April and indicate...

Australian unemployment rate rises in April, labor underutilization reaches record high

May 14, 2020 14:46 pm UTC| Commentary

Nearly one fifth of Australias labor force was unemployed or underemployed in April. The unemployment rate rose to 6.2 percent from Marchs 5.2 percent. Market expectations were for the jobless rate to come in at 8.2...

Canadian manufacturing sales fall further in March, likely to worsen in April

May 14, 2020 14:04 pm UTC| Commentary

Canadian manufacturing sales fell 9.2 percent sequentially in March, the largest single-month fall since the global financial crisis. Excluding price impacts, the picture was still significantly soft, with manufacturing...