The divergent recovery paths between advanced economies and the rest of the world is likely to create wider gaps in living standards across countries, the International Monetary Fund said in a post. Advanced economies are expected to have an average annual loss in per capita GDP of 2.3% over 2020 to 2024, smaller than the 5.7% losses expected in low-income countries, and … [Read more...] about IMF Flags Divergent Recovery Paths Between Advanced Economies And Low-Income Countries
Forex News
Crude Oil Price Faces Fears of Weeks Due to Suez Canal Blockage and Shortage of Supply
Suez Canal blockage affects the oil supply, and USD/CAD falls, creating pressure on the market trade.Crude oil prices bounce and break the resistance of $66.37 higher than the monthly pivot level and continue to move. The positive momentum of crude oil is underpinned by fears of weeks in the Suez Canal's being unblocked and that the oil supply to consumers is seriously … [Read more...] about Crude Oil Price Faces Fears of Weeks Due to Suez Canal Blockage and Shortage of Supply
U.S Financials the Best Performing Sector in March-IHS Markit
U.S financials retained its position as the best-performing area for business activity growth in March, according to IHS Markit press release. All seven broad sector categories recorded an increase in output, with a similar pattern seen for incoming new work. Technology sector gained considerable momentum and reached its fastest for six-and-a-half years.Rises in … [Read more...] about U.S Financials the Best Performing Sector in March-IHS Markit
U.S. Services Output Growth Posts Six-year High In March
The output growth of the United States services sector posted a six-year high in March, according to a report by IHS Markit. The IHS Markit US Services PMI Business Activity Index rose to 60.4 in March from 59.8 in February, and up from the estimated 60.0The rate of output growth signalled was the fastest since July 2014, which service providers attributed to greater client … [Read more...] about U.S. Services Output Growth Posts Six-year High In March
China Bonds Lone Gainer Among 20 Largest Debt Markets in the First Quarter
China's government bonds were the single gainer among the 20 largest global debt markets in the first quarter of the year, according to a report. Data on Bloomberg Barclays indexes found that Chinese sovereign bonds rose 1% in the quarter. Their lack of correlation with overseas bonds created an alternative for investors to park funds amid the debt selloff.Securities made … [Read more...] about China Bonds Lone Gainer Among 20 Largest Debt Markets in the First Quarter
