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Monthly archive March, 2020

New Zealand Q4 GDP Expands 0.5% On Quarter

New Zealand's gross domestic product gained a seasonally adjusted 0.5 percent on quarter in the fourth quarter of 2019, Statistics New Zealand said on Thursday.Original Article Read More →

European Economics Preview: Eurozone Inflation, Foreign Trade Data Due

Final inflation and foreign trade figures are due from the euro area on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the European Automobile Manufacturers' Association is scheduled to issue Europe's new car registrations Read More →

U.S. Retail Sales Unexpectedly Decrease Amid Slump In Gas Prices

Partly reflecting a steep drop in sales by gas stations, the Commerce Department released a report on Tuesday showing an unexpected decrease in U.S. retail sales in the month of February. The Commerce Department said retail sales fell by 0.5 Read More →

U.S. Dollar Advances Amid Worsening Worries About Coronavirus

Extending the upward move seen over the past few days, the U.S. dollar has shown a notable advance during trading on Thursday.Original Article Read More →

European Economics Preview: UK 2020 Budget Announcement Due

The UK Chancellor of the Exchequer will present his Budget to Parliament on Wednesday, headlining a light day for the European economic news. The new chancellor Rishi Sunak is likely to provide additional funds to the NHS and households amidst Read More →

Bank Of England Cuts Rate By 50 Bps, Unveils Funding Scheme For SMEs On Covid-19

The Bank of England unexpectedly cut its key interest rate and launched a new funding scheme for small businesses as it expects the UK economy to take a major hit due to the coronavirus, or Covid-19, outbreak. The Monetary Policy Read More →