The world's least-developed nations have posted higher bond returns this year than emerging market economies as more buyers are coming into the smaller countries, Finance.Yahoo reported. Frontier debts have posted 2.6% in bond returns this year, versus the 2% decline in emerging market debt.Frontier debts recorded a similar performance in 2020, while debt in emerging … [Read more...] about Why Frontier Economies Are Overtaking Emerging Markets In Bond Returns
Forex News
EUR/USD: Euro Surges as the US Push for a Global Corporate Minimum Tax Rate Gains Traction
The EU aims to increase its vaccination program to cover 70% of the EU population by July 2021. The US proposed lifting the tax rate of US-based companies globally from 21% to 28% and the global minimum rate to 15%. Most EU countries are reeling from increased debt burdens and risk insolvency. The EUR/USD closed at +0.46% on May 20, 2021, from the previous … [Read more...] about EUR/USD: Euro Surges as the US Push for a Global Corporate Minimum Tax Rate Gains Traction
Consumer Confidence In Euro Zone Back To Pre-Pandemic Levels In May
The consumer confidence indicator in the European Union and the Euro zone climbed back to pre-pandemic levels in May, the European Commission reported in a statement. The DG ECFIN flash estimate of the consumer confidence increased in both regions by 3.0 points in May.The indicator for the European Union stood at -6.0 points, back to its pre-pandemic level.The EU aggregate … [Read more...] about Consumer Confidence In Euro Zone Back To Pre-Pandemic Levels In May
Japan’s Private Sector Output Falls Back To Contraction Amid Reimposition Of State Of Emergency
Japan's private sector reported a contraction in May as a state of emergency was reimposed, according to IHS Markit. The au Jibun Bank Flash Japan Composite PMI fell to 48.1 in May to fall below the 50 threshold that separates contraction and expansion.The PMI was recorded at 51.0 in April, which was preceded by 14 consecutive months of recession.The state of emergency … [Read more...] about Japan’s Private Sector Output Falls Back To Contraction Amid Reimposition Of State Of Emergency
UK Retails Sales Up 9.2% As Lockdown Restrictions Eased
Retail sales in Great Britain posted a 9.2% monthly growth in April after lockdown restrictions were eased in several areas, according to the Office for National Statistics. Both value and volume of sales climbed 9.2% in April, signaling a continued recovery after the growth in the two months prior.Retail sales value surged by 43.4% and volume by 42.4% when compared with … [Read more...] about UK Retails Sales Up 9.2% As Lockdown Restrictions Eased
