U.S. weekly initial jobless claims fall, but remains high

Apr 23, 2020 14:04 pm UTC| Commentary

U.S. initial jobless claims dropped to a still elevated 4.4 million for the week ended 18th April, consistent with market expectations of 4.3 million. This was a fall of 810k from the previous week. Continuing claims came...

Euro area’s flash PMI indices fall sharply in April amidst corona epidemic

Apr 23, 2020 12:55 pm UTC| Commentary

Euro areas private service sector has been hit hard due to the restrictions to contain the corona epidemic. The currency blocs flash purchasing managers index for the service sector dropped a further 14.7 points to 11.7 in...

U.K. flash manufacturing and services PMI indices fall to record lows in April

Apr 23, 2020 11:59 am UTC| Commentary

U.K. business sentiment saw another sharp impact lower in April in the midst of the current lockdown situation. The flash manufacturing and services PMIs saw the largest monthly deteriorations on record. The manufacturing...

Canadian headline inflation decelerates in March

Apr 22, 2020 17:25 pm UTC| Commentary

Canadian headline inflation eased to 0.9 percent in March from Februarys 2.2 percent. Adjusting for seasonality, consumer prices also fell 0.9 percent sequentially, the largest monthly fall since the series inception in...

U.K. headline inflation decelerates in March, likely to slow down sharply in April

Apr 22, 2020 14:23 pm UTC| Commentary

The U.K. headline inflation rate slowed down for the second straight month in March. On a year-on-year basis, the inflation rate decelerated to 1.5 percent from the prior months 1.7 percent, coming in line with consensus...

Oil in Global Economy Series

Malaysian inflation turns negative on sharp fall in transport costs in March, BNM likely to cut OPR by 25 bps in May

Apr 22, 2020 12:44 pm UTC| Commentary

Malaysian inflation came in negative in March owing to a sharp decline in transport costs, fallout of the recent decline in global oil prices. On a year-on-year basis, the consumer price index dropped to -0.2 percent in...

FxWirePro: Tour With CFTC Chair On WTI Crude Futures In Negative Territory And Hedging Review

Apr 22, 2020 10:26 am UTC| Research & Analysis Commentary Insights & Views

WTI crude futures have slid in negative zone, while spot crude prices are trading at $11.28 levels a barrel. The recent distortions on the oil market are less likely to be the cause but instead, the trigger for the market...