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Tokyo Stocks Close Lower On US-China Tension
Friday, 29 May 2020 13:47 WIB

Tokyo stocks closed lower on Friday, with investor sentiment dampened by rising US-China tensions over Hong Kong. The benchmark Nikkei 225 index slipped 0.18 percent or 38.42 points at 21,877.89, while the broader Topix index lost 0.87 percent or 13.67 points to 1,563.67. Source : AFP

U.S. GDP Contracted 5% in First Quarter Instead of 4.8%
Thursday, 28 May 2020 19:53 WIB

The U.S. economy contracted at an annual 5% pace in the first quarter instead of 4.8%, revised government data show. A downward revision to inventory investment mostly accounted for the downward revision, the Commerce Department said. Looking ahead, economists surveyed by MarketWatch predict GDP will plunge at a 27.7% annual rate as people stayed home to try to stem the spread of the...

Oil Falls But Set To Post Biggest Monthly Rise In Years On Output Cuts
Friday, 29 May 2020 14:19 WIB

Oil prices edged lower on Friday, set to post their first weekly fall in five weeks, after U.S. inventory data showed lacklustre fuel demand in the world™s largest oil consumer while worsening U.S.-China tensions weighed on global financial markets. Brent crude slipped 43 cents, or 1.2%, to $34.86 a barrel by 0643 GMT and U.S. West Texas Intermediate (WTI) crude was at $33.14 a barrel, down...

Trump and Macron Agree to Hold a G7 Meeting in the White House
Friday, 29 May 2020 10:38 WIB

The White House said United States President Donald Trump and French President Emmanuel Macron agreed the G7 Group meeting should hold a direct and immediate meeting. The two leaders opposed the country after a telephone discussion on Thursday (28/5). Trump in March 2020 canceled the meeting of the leaders of the Group of Seven who won June 10 in the United States because...

RBA : Australia Economic Downturn To Be Less Severe Than Initially Feared
Thursday, 28 May 2020 10:06 WIB

Australia™s central bank chief said on Thursday that better-than-feared health outcomes from the COVID-19 pandemic suggest the country™s economic downturn will likely not be as severe as earlier thought. The remarks come as Australia, with a much lower COVID-19 death toll than other advanced countries, has started resuming normal life barely halfway into the six-month...

Time Country IM Figures Previous Forecast Actual
06.30 JPN L Tokyo Core CPI y/y -0.1% -0.2% 0.2%
06.30 JPN L Unemployment Rate 2.5% 2.7% 2.6%
06.50 JPN L Prelim Industrial Production m/m -3.7% -5.4% -9.1%
06.50 JPN L Retail Sales y/y -4.7% -11.2% -13.7%
08.30 AUD L Private Sector Credit m/m 1.1% 0.6% 0.0%
12.00 JPN L Housing Starts y/y -7.6% -12.0% -12.9%
13.00 EUR L German Retail Sales m/m -5.6% -12.0% -5.3%
13.00 EUR L German Import Prices m/m -3.5% -1.5% -1.8%
13.45 EUR L French Consumer Spending m/m -16.9% -14.5% -20.2%
13.45 EUR L French Prelim GDP q/q -5.8% -5.8% -5.3%
14.00 CHF L KOF Economic Barometer 59.7 70.2 53.2
15.00 EUR L M3 Money Supply y/y 7.5% 7.8%
15.00 EUR L Private Loans y/y 3.4% 3.5%
16.00 EUR M CPI Flash Estimate y/y 0.3% 0.1%
16.00 EUR L Italian Prelim CPI m/m 0.1% -0.1%
19.30 U.S M Personal Spending m/m -7.5% -12.6%
19.30 U.S L Personal Income m/m -2.0% -7.0%
19.30 U.S M Core PCE Price Index m/m -0.1% -0.3%
20.45 U.S M Chicago PMI 35.4 40.1
21.00 U.S M Revised UoM Consumer Sentiment 73.7 73.7


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