Monthly archive May, 2020

Consumer and business sentiment survey results from France are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Statistics Norway is set to issue unemployment and retail sales data. The jobless rate is Read More →

German consumer confidence is set to recover marginally in June from a record low after the gradual reopening of many businesses, survey results from the market research group GfK showed Tuesday. The forward-looking consumer sentiment index rose to -18.9 in Read More →

The total volume of retail sales in New Zealand dropped a seasonally adjusted 0.7 percent on quarter, Statistics New Zealand said on Friday - following the downwardly revised flat reading in the three months prior (originally a 0.7 percent increase).Read More →

The U.S. dollar was weak against most major currencies on Tuesday as it was continued to be weighed down by claims by biotechnology firm Moderna Inc. about positive results from an its experimental Covid-19 vaccine, known as mRNA-1273.Original Article Read More →

China left its benchmark lending rates unchanged, as widely expected, after easing last month, amid the economy struggling to recover from the impact of the coronavirus outbreak. The one-year loan prime rate was retained at 3.85 percent and the five-year Read More →

Iceland's central bank reduced its key interest rate by 75 basis points to a record low on Wednesday, as the economy is forecast to contract the most since 1920 due to the coronavirus pandemic. The Monetary Policy Committee of the Read More →