12 June 2020
Chris Scicluna
,
Emily Nicol
- With lockdown measures in place in April, UK GDP slumped a record 20.4%M/M to its lowest level since mid-2002, adding to evidence that the economy is the worst affected by the pandemic of all countries in the region.
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11 June 2020
Chris Scicluna
,
Emily Nicol
- After the Fed emphasised that the economic recovery would be a long one, a Japanese sentiment survey illustrated the severe deterioration in business conditions in Q2, and saw firms revise significantly lower their projections for profits and investment growth this fiscal year.
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10 June 2020
Chris Scicluna
,
Emily Nicol
- The Japanese economic data continued to bear the hallmark of the coronavirus, with significant weakness in machine orders and producer prices. French IP predictably posted a record drop too. But Australia provided cause for optimism, with a revival in consumer confidence back above the pre-covid level.
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09 June 2020
Chris Scicluna
,
Emily Nicol
- As Japanese wages fell on the back of a sharp cut in overtime earnings, German and French exports fell at a record rate at the start of Q2. And releases suggest that household spending in the UK remained weak in May.
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08 June 2020
Chris Scicluna
,
Emily Nicol
- While Asian equities started the week on the front foot, the flow of economic data remained downbeat, with the confirmation of recession in Japan, ongoing weakness in Chinese imports and a record decline in German IP.
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