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Monthly archive April, 2020

U.S. GDP Tumbles 4.8% In First Quarter

U.S. economic activity saw a substantial contraction in the first quarter of 2020, according to a report released by the Commerce Department on Wednesday.Original Article Read More →

Dollar Loses Ground Again

The U.S. dollar extended its recent weakness on Wednesday, as risk sentiment improved after Gilead Sciences claimed that the results of its study showed improvement in patients taking its remdesivir to treat the coronavirus infection.Original Article Read More →

South Korea Industrial Output Gains 4.6% In March

Industrial output in South Korea was up a seasonally adjusted 4.6 percent on month in March, Statistics Korea said on Wednesday - following the 3.8 percent decline in February.Original Article Read More →

U.S. Consumer Confidence Deteriorates Sharply In April But Expectations Improve

Consumer confidence in the U.S. deteriorated significantly in the month of April, according to a report released by the Conference Board on Tuesday, although the report also showed an improvement in consumer expectations. The Conference Board said its consumer confidence Read More →

European Economics Preview: German ZEW Economic Confidence Due

Economic confidence survey results from Germany and labor market statistics from the UK are due on Monday, headlining a busy day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK unemployment data. The Read More →

UK Jobless Claims Rise In March Amid Covid-19 Triggered Lockdown

UK jobless claims increased in March, while the employment rate reached a record high in the three months to February ahead of social distancing measures taken to curb the spread of coronavirus, or COVID-19, data from the Office for National Read More →