U.S. retail sales jumped 9.8% in March as federal-stimulus funds were released and the economy reopened further from pandemic-related restrictions, the WSJ reported. The increase was the largest monthly gain since May 2020, during the initial rebound from lockdowns early in the pandemic.Double-digit gains were recorded in sales at restaurants and bars, clothing; electronics; … [Read more...] about U.S. Retail Sales Posts Largest Monthly Gain In 10 Months
Forex News
World’s Second-Largest Economy Likely To Have Grown Strongest In Nearly Three Decades
China's economy likely climbed at a record pace of 19% in the first quarter following the pandemic slump in 2020, according to a Reuters poll. The expected increase is according to the median forecasts of 47 economists polled. If realized, this will be the strongest since at least 1992, when official quarterly records started.The world's second-largest economy expanded by … [Read more...] about World’s Second-Largest Economy Likely To Have Grown Strongest In Nearly Three Decades
GBP/JPY: Japanese Yen Retracts With Extended Restrictions
Japan is likely to ease restrictions on May 5, 2021, as it struggles with the Olympics question. The UK is likely to increase exports to Japan in 2021. The GBP/JPY is below the 20-day EMA at 151.159. The GBP/JPY pair closed at a +0.05% change on April 13, 2021, from previous day trading. The pound was basking in positive industrial production data showing … [Read more...] about GBP/JPY: Japanese Yen Retracts With Extended Restrictions
U.K. Productivity Slightly Up In 2020 As Lower-Paid Workers Furloughed
The average hourly output of British workers posted slight gains in 2020 even as the COVID-19 pandemic hit total production, according to Reuters. U.K. production rose by 0.4% last year, while total production dropped nearly 10% due to the pandemic.The Office for National Statistics (ONS) said the productivity impact of 2020's economic collapse differed from the 2008-2009 … [Read more...] about U.K. Productivity Slightly Up In 2020 As Lower-Paid Workers Furloughed
Global Oil Demand on Its Way to Recovery, Says IEA
Global oil demand on its way to recovery based on the latest forecast of the International Energy Agency (IEA), the WSJ reported Wednesday. The IEA raised its annual forecast for global oil demand by 230,000 barrels a day to an increase of 5.7 million barrels a day in 2021.The figures are still 3% short of 2019 levels, but investors will likely take this as a sign that … [Read more...] about Global Oil Demand on Its Way to Recovery, Says IEA
