China’s Ministry of Commerce has said in a statement on Wednesday that it does not there is reason to be overly optimistic about foreign trade this year, as reported by Reuters. Key Comments: “The external environment for China’s foreign trade remains complex and the country cannot be blindly optimistic about the trade prospects in 2021. […]
Tag: Macroeconomy
Philadelphia Fed Non-Manufacturing Index improves to 36.9 in May from 36.3
The Philadelphia Fed Non-Manufacturing Index improved modestly in May. The US Dollar DXY Index remains in negative territory below the 90.00 level. The regional business activity index from the survey of Non-manufacturing business outlook from the Federal Reserve Bank of Philadelphia improved to 36.9 points in May from April 36.3. Additional details from the post […]
Chicago Fed National Activity Index falls to 0.24 in April from 1.71
The Chicago Fed National Activity Index declined modestly in April. The US Dollar Index remains in negative territory below 90.00. Data released by the Federal Reserve Bank of Chicago showed on Monday that the National Activity Index (CFNAI) fell to 0.24 in April from 1.71 in March. “The CFNAI diffusion index, which is also a […]
Roadmap for reopening will stand, vaccines are being delivered – Nadhim Zahawi
Despite concerns about the Indian variant, the UK’s Head of State for Vaccination, Nadhim Zahawisaid Friday that he believes the roadmap for reopening will remain as planned and that vaccines are being delivered. Featured statements: “There are concerns in some areas of the UK about the Indian variant, where infection rates are increasing. “ “We […]
Boris Johnson to hold press conference Monday on UK reopening; GBP / USD shoots up to 10-week highs
The Prime Minister of the United Kingdom, Boris Johnson will hold a press conference later Monday on the reopening of the restrictions by covid, reported Nadine Dorries, a member of the British Parliament, according to Reuters. Boris Johnson is expected to make a statement on how the country will move to the next phase of […]
The third wave of coronavirus appears to be ending – Jens Spahn
The German Health Minister Jens Spahn, offers some encouraging comments on the current coronavirus situation in the country. “The third wave of coronavirus appears to be ending,” he said in a statement on Friday. Meanwhile, the President of the Robert Koch Institute (RKI), Lothar Wieler, said that “the tCovid incidence rate is decreasing in all […]
Von der Leyen says European vaccination campaign is a success
The President of the European Commission, Ursula von der Leyen, in her latest statement praised the covid vaccination campaign in the EU, Reuters reported Thursday. Additional comments: We’re vaccinating 30 Europeans per second. Around 200 million doses of vaccine have been distributed in the EU. No rush to add money to France’s recovery fund. She […]
S&P 500 rises to new record as Fed leaves rates unchanged and maintains strong support
The S&P 500 it rose to an all-time high on Wednesday, following the FOMC’s remarks. The Fed, as expected, left rates unchanged and remained committed to its bond purchase program. It is clear that the Fed sees that the economy is recovering, but it has some time left before a pullback from support is warranted. […]
PMIs paint a positive picture with the US leading the way
“Flash PMIs for the advanced economy for April showed a positive outlook, although recoveries in the US and UK apparently far outpaced those in the euro zone and Japan as restrictions were relaxed in the first two. economies, “he said Gabriella Dickens, Global Economist in Capital Economics. Featured statements “Flash PMI estimates suggest that the […]
EU prepares legal action against AstraZeneca over COVID vaccine shortage
The executive arm of the European Union (EU) is preparing to take legal action before the weekend against AstraZeneca Plc for failing to deliver the promised amount of doses to the blockBloomberg reports, citing a diplomatic source and an EU official on Thursday. Key Comments: “The action, which must be agreed by all member states, […]
