Economic Updates
The Lockdown, the Fallout and the Roadmap to Recovery
By Deepta Bolaky @DeeptaGOMarkets Global Lockdown In an abrupt and unprecedented manner, the world witnessed a mass halt to global activities due to the pandemic. Governments and central banks rushed in to intervene and support the global econ...
Read MoreRBA: “QE is not on our Agenda!”
By Deepta Bolaky @DeeptaGOMarkets This year’s Annual Dinner of the Australian Business Economists was probably the most important event before the year ends. In a year that saw the RBA cutting interest rates three times, the speech around...
Read MoreIs Germany on the Brink of a Technical Recession?
By Deepta Bolaky @DeeptaGOMarkets Is Germany on the Brink of a Technical Recession? Europe’s largest economy and the world’s fourth-largest economy is at risk of going into a technical recession. Such recession arises after two consecutive...
Read MoreDid China Retaliate with a Currency War?
By Deepta Bolaky @DeeptaGOMarkets A Currency War Did China retaliate with a Currency War? Monday kicked-off with a bang with plenty of big moves in the financial markets. A risk-off sentiment prevails in the markets as dark clouds of trade tari...
Read MoreNew UK Prime Minister Labelled “Britain Trump”
By Deepta Bolaky @DeeptaGOMarkets “Britain Trump” Britain has a new Prime Minister and as highly expected, Boris Johnson won the race over his opponent, Jeremy Hunt to become the new Tory leader. It was a convincing win despite the controver...
Read MoreBack-To-Back Interest Rate Cuts
By Deepta Bolaky @DeeptaGOMarkets Second Rate Cut The Reserve bank of Australia (RBA) cut interest rate by 25 basis points which marks the first back-to-back rate cut since 2012. The RBA also sets the interest rate to a record low at 1%: ...
Read MoreHong- Kong Protests Add to Market Angst
By Deepta Bolaky @DeeptaGOMarkets It is reported that nearly two million people joined the mass protest against the controversial extradition bill on Sunday despite the government announcing a pause in the legislation on Saturday. It is beca...
Read MorePreview: Non-Farm Payroll Announcement
It’s a new month which means the latest Non-Farm Payroll figures will be released this week by the Bureau of Labor Statistics. The latest data will be released at 13:30 PM London time on Friday. Why is the announcement important? Non-farm...
Read MoreEuropean Parliament Election 2019
By Deepta Bolaky @DeeptaGOMarkets European Parliament Election 2019 The 2019 EU Parliament election is one of the most important ones for the bloc amid the rise of nationalism and populist parties. Brexit is also the constant reminder that leavi...
Read MoreHousing Market and the Federal Election
By Deepta Bolaky @DeeptaGOMarkets Housing Market and the Federal Election "Labor – A fair go for Australia” “Liberal – Building our economy and securing our future” “Nationals – A strong vote for regional Australia” “Greens ...
Read MoreAn Election Rate Cut?
By Deepta Bolaky @DeeptaGOMarkets Among the few interest rate decisions this week, the Reserve Bank of Australia stands out. The Federal election 2019 is fast approaching and analysts are debating whether a rate cut before the election is j...
Read MoreAn Election Rate Cut?
By Deepta Bolaky @DeeptaGOMarkets Among the few interest rate decisions this week, the Reserve Bank of Australia stands out. The Federal election 2019 is fast approaching and analysts are debating whether a rate cut before the election is j...
Read MorePreview: Non-Farm Payroll Announcement
It’s a new month which means the latest Non-Farm Payroll figures will be released this week by the Bureau of Labor Statistics. The latest US jobs data will be released at 13:30 PM London time on Friday. Why is the announcement important? ...
Read MoreUS–China Trade Gap at Record High
By Deepta Bolaky @DeeptaGOMarkets US-China Trade Gap at Record High Trade Deficit a Decade High- Was a Trade War Worth it? The Trade Deficit reported mid-week surprised the markets as it climbed to a decade-high. We also note that the US-Ch...
Read MoreAustralian Housing Market
By Deepta Bolaky @DeeptaGOMarkets "Australians watch housing markets carefully, perhaps more so than citizens of any other country." Speaking at the Australian Financial Review’s annual business summit, RBA Governor Philip Lowe talked abou...
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