Coronavirus44 minutes ago (Apr 01, 2020 04:55AM ET) (C) Reuters. A worker welds at a market under construction in Kunming By Leika Kihara and Daniel Leussink TOKYO (Reuters) – Factory activity contracted sharply across most of Asia in March as the coronavirus pandemic paralyzed economic activity across the globe, with […]
Indonesia’s inflation rate eases slightly in March, as expected
Economy5 hours ago (Apr 01, 2020 12:37AM ET) 8/8 (C) Reuters. Pedestrian wearing a face mask walks on an overpass with an electronic board showing stock information in Shanghai 2/8 JAKARTA (Reuters) – Indonesia’s inflation rate edged down in March, in line with expectations, as economic activity slowed because of […]
Australian home prices rise in March, but market seen cooling
Economic Indicators5 hours ago (Apr 01, 2020 12:10AM ET) (C) Reuters. Houses located in the Sydney suburb of Coogee can be seen along the coastline in Australia SYDNEY (Reuters) – Australian home prices extended gains in March, although conditions are expected to cool as the coronavirus pandemic causes widespread economic […]
‘Very material’ contraction likely in Australia due to coronavirus: central bank minutes
Coronavirus5 hours ago (Mar 31, 2020 11:40PM ET) (C) Reuters. FILE PHOTO: An ibis bird perches next to the Reserve Bank of Australia headquarters in central Sydney By Swati Pandey SYDNEY (Reuters) – Australia’s central bank was worried about the potential for a “very material contraction” in economic activity when […]
Japan’s factory activity shrinks at fastest pace since 2009, new orders slump: PMI
Economic Indicators8 hours ago (Mar 31, 2020 09:05PM ET) (C) Reuters. Chimneys are seen at an industrial area in Yokohama TOKYO (Reuters) – Japan’s factory activity contracted at the fastest pace in about a decade in March, as the world’s third-largest economy struggled with a severe downturn in overseas and […]
U.S. consumer confidence approaches three-year low
(C) Reuters. FILE PHOTO: Outbreak of coronavirus disease (COVID-19), in Bailey’s Crossroads By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence dropped to a near three-year low in March as households worried about the economy’s near-term outlook amid the coronavirus pandemic, which has upended life for Americans. The survey from […]
U.S. unemployment offices sitting on mountain of pending claims
2/2 (C) Reuters. FILE PHOTO: Stores remain closed at Fulton Mall, due to the outbreak of the coronavirus disease (COVID-19) in the Brooklyn borough of New York 2/2 By Lucia Mutikani and Heather Timmons WASHINGTON (Reuters) – Last week’s record-setting U.S. jobless claims number will be quickly surpassed, economists and […]
Fed broadens access to dollars with repo agreement for foreign central banks
Economic Indicators7 hours ago (Mar 31, 2020 09:30AM ET) WASHINGTON (Reuters) – The U.S. Federal Reserve on Tuesday broadened the ability of dozens of foreign centrals banks to access U.S. dollars during the coronavirus crisis by allowing them to exchange their holdings of U.S. Treasury securities for overnight dollar loans. […]
France’s annual inflation falls in March to lowest since 2016
Economic Indicators13 hours ago (Mar 31, 2020 03:35AM ET) PARIS (Reuters) – France’s annual inflation fell more than expected in March to hit its lowest level since late 2016 as a government-imposed lockdown sharply restricted economic activity, data from the INSEE official statistics agency showed on Tuesday. Consumer prices were […]
China factory activity unexpectedly expands, but economy cannot shake off virus shock
(C) Reuters. A worker walks past a steel factory in Beijing BEIJING (Reuters) – Factory activity in China unexpectedly expanded in March from a collapse the month before, but analysts caution that a durable near-term recovery is far from assured as the global coronavirus crisis knocks foreign demand and threatens […]