Market Pulse - Currencies
US personal consumption crashes in April, savings rocket
Personal incomes in the US shot higher last month as government transfers to contain the fallout from the pandemic kicked-in.
US firings continue at torrid pace, but hiring picks up
Firings in the US continued at a furious pace during the past week, albeit at a moderately slower pace, and hirings picked up.
US durable goods orders drop more than expected in April
Orders in the US for goods made to last more than three years fell sharply in April, with weakness especially evident in demand for transport equipment.
EU set to propose 750bn euro reconstruction fund
Brussels will propose a €750bn reconstruction fund on Wednesday evening financed through jointly-issued debt, the majority of which will be disbursed as grants.
Philly Fed index continued to drop at accelerate pace in May, details stronger
Factory activity in the US mid-Atlantic region continued to shrink at extraordinarily sharp pace in May, the results of a closely-followed survey revealed.
Covid-19 continues to weigh heavily on UK economy - survey
The UK's private sector struggled in May, a widely-watched survey published on Thursday found, as Covid-19 lockdown measures weighed heavily on the economy.
Household finances under pressure as Covid-19 hits incomes - survey
Household finances remained under severe pressure in May, a survey showed on Monday, as income from employment fell at the fastest rate on record.
Federal Reserve chairman reiterates that more government support may be needed
Federal Reserve chairman Jerome Powell doubled down on a previous call for further government economic support.
US factory output sees record slump in April as auto production nearly wiped out
Industrial output in the US fell sharply in April, led by a historic contraction in factory production.
Pound drops after chief UK trade negotiator says Brexit deal may not be reached
The UK and the European Union may not be able to reach an agreement on Brexit if Brussels insists on new and unbalanced approach based on requiring "a level playing field", the country's top negotiator said.
US import prices drop sharply in April
Import prices in the US crashed during April amid a steep drop in energy costs.
Weekly US jobless claims fall by less than expected
Significantly more jobs were lost in the US during the previous week than economists had anticipated.
Federal Reserve's Powell calls for government action to prevent long-term scarring
The head of America's central bank said that further fiscal support for the economy may be needed in order to avoid the long-term scarring that a recession as deep as the current one may leave on the economic fabric of the country.
Fed's Harker stresses need for 'intelligent' response to pandemic
The strength of the economic recovery will hinge on authorities' ability to balance the risks from reopening the economy with healthcare issues, the head of the Federal Reserve bank of Philadelphia said.
US core CPI falls more sharply than expected in April
The cost of living in the US fell more quickly than expected last month, amid sharp drops in the price of energy, apparel and transportation services.
Elon Musk to reopen California Tesla plant despite lockdown restrictions
Tesla chief Elon Musk announced late on Monday plans to reopen its factory in California in defiance of local health orders to shut down unnecessary business in order to prevent the spread of the coronavirus.
Majority of Covid-19 cases with slight symptoms generate immune response, study shows
The majority of people infected with the novel coronavirus generate an effective immune response for the "following months", US researchers believe.
Initial weekly US jobless claims surge again
The US jobs market continued to deteriorate at a frenetic pace over the latest reference week, although a smidgen less quickly than forecast.
Filta Group shares surge on launch of coronavirus sanitiser
Commercial kitchens services provider Filta Group launched a new sanitising service to help businesses combat and prevent the spread of Covid-19 on Thursday.
German court says some aspects of ECB bond buying programme are 'unconstitutional'
Germany's top Constitutional Court called into question the "proportionality" of the European Central Bank's main bond purchase programme, the so-called Public Sector Purchase Programme, but did not call into question the basic outline of the monetary authority's strategy.