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June 12, 2021

GDP

G-20 GDP returns to pre-pandemic levels, with China seeing a massive rebound

CNBC
CNBC – For more and to sign up click here Employees work on the production line of silicon wafer at a workshop of Jiejie Semiconductor Co., Ltd on March 17, 2021 in Nantong, Jiangsu Province of China. Xu Congjun | Visual China Group | Getty Images The Group of Twenty......

U.S. wholesale inventories rise solidly; supply constraints loom

Reuters
Inventory is seen inside the Amazon fulfillment center in Robbinsville, New Jersey, U.S., November 26, 2018. REUTERS/Shannon Stapleton U.S. wholesale inventories increased strongly in April as businesses replenished stocks to meet pent-up demand, but supply constraints could make it harder to maintain the current pace of inventory rebuilding. The Commerce......

U.S. Senate passes sweeping bill to address China tech threat

Reuters
The U.S. Senate voted 68-32 on Tuesday to approve a sweeping package of legislation intended to boost the country’s ability to compete with Chinese technology. The desire for a hard line in dealings with China is one of the few bipartisan sentiments in the deeply divided U.S. Congress, which is......

Dollar shuffles higher, shares bask near peaks

Reuters
Markets were in their comfort zone on Tuesday, with world stocks hovering just off record highs, the dollar lifted by upcoming inflation data and the main volatility gauges all looking reassuringly calm. There was some pressure on sterling as the British government considered whether to delay removing most of its......

Asia shares pare gains on caution, oil falls again

Reuters
Asia stocks reversed early gains on Tuesday, with traders sidelined ahead of U.S. inflation data and a European monetary policy meeting this week while oil prices lost more ground on worries over the fragile state of the global recovery. E-mini futures for the S&P 500 index were up 0.07%, while......

Japan’s economy likely shrank less than initially estimated in Q1

Reuters
Pedestrians make their way at a business district in Tokyo, Japan, December 7, 2020. REUTERS/Kim Kyung-Hoon Japan’s economy likely shrank slightly less than initially estimated in the first quarter, a Reuters poll showed, though state of emergency curbs to combat the coronavirus pandemic are seen keeping any rebound in the......

Australia GDP growth beats f’cast, back to pre-pandemic time

Reuters
People cross a busy street under holiday decorations in the city centre of Sydney, Australia, December 17, 2020. REUTERS/Loren Elliott Australia’s economy extended its rapid recovery in the first quarter as consumers and businesses spent with abandon, lifting output back above where it was last year when pandemic lockdowns tipped......

GLOBAL ECONOMY Factory activity racing but supply squeeze dims outlook

Reuters
Factory activity powered ahead in Europe last month and stayed strong in Asia as demand grew, surveys showed, but rising raw material costs and supply bottlenecks posed a headache for business and weighed on the recovery in export-driven economies. European manufacturers ramped up activity at the fastest monthly pace in......

Indian shares open lower ahead of GDP data

Reuters
The Bombay Stock Exchange (BSE) building is pictured next to a police van in Mumbai, India, August 24, 2015. REUTERS/Danish Siddiqui Indian shares opened lower on Monday as investors awaited gross domestic product data for the fourth quarter, with economists being pessimistic after a harsh second wave of COVID-19 hit......

Summer’s about to start in America. So is sticker shock.

Reuters
With coronavirus cases plummeting and 1.8 million U.S. residents getting vaccinated each day, more Americans plan this upcoming Memorial Day weekend to get back to old pleasures like friends over, evenings out, travel and afternoons at a ball game. They will also encounter something new and less pleasant: rising prices.......

COVID-19 toll on Indian economy deepens, jobs crisis to worsen: Reuters poll

Reuters
A view shows empty roads during a 14-hour long curfew to limit the spreading of coronavirus disease (COVID-19) in the country, in Ahmedabad, India, March 22, 2020. REUTERS/Amit Dave India’s economic outlook has weakened again, albeit slightly, with worst-case scenario forecasts suggesting the toll from the coronavirus pandemic could be......

Summer boom beckons for German economy after winter COVID blues

Reuters
German business morale brightened to hit a two-year high in May as COVID-19 curbs were eased and infections fell, heralding a swift summer recovery after the economy shrank more than expected in the first quarter. With many firms reporting a build-up of supply bottlenecks, Tuesday’s Ifo business climate index readout......

Global property markets ready to soar this year

Reuters
A residential building construction site is seen, amid the outbreak of the coronavirus disease (COVID-19), in Detroit, Michigan, U.S., April 28, 2020. REUTERS/Rebecca Cook Residential property markets in major economies will soar this year on huge monetary and fiscal support and amid a recovery from the pandemic, according to Reuters......

U.S. home prices to keep racing ahead with risks to upside

Reuters
A view of the One World Trade Centre tower and the lower Manhattan skyline of New York City at sunrise as seen from Hoboken, New Jersey, U.S., August 9, 2017. REUTERS/Mike Segar/File Photo U.S. house prices will continue to race ahead this year, at nearly twice the pace predicted just......

UK PMI business survey hits record high as lockdowns ease, prices jump too

Reuters
Commuters walk across the London Bridge during the morning rush hour, amid an outbreak of the coronavirus disease (COVID-19), in London, Britain September 17, 2020. REUTERS/Hannah McKay A gauge of British economic growth hit its highest level on record in May as many services firms reopened their doors and factories......

Canadian house prices to jump this year, but will slow in 2022

Reuters
Single family homes are seen against the skyline of Vancouver, British Columbia, Canada September 30, 2020. REUTERS/Jennifer Gauthier Canadian house prices will rise sharply in 2021, supported by ultra-low interest rates and robust demand driven by massive fiscal support, according to a Reuters poll of analysts who however said risks......

End new oil, gas and coal funding to reach net zero, says IEA

Reuters
Investors should not fund new oil, gas and coal supply projects if the world wants to reach net zero emissions by mid-century, the International Energy Agency (IEA) said on Tuesday, in the top global watchdog’s starkest warning yet to curb fossil fuels. Any abrupt halt to new oil and gas......

U.S. retail sales unchanged in April; prior month revised higher

Reuters
U.S. retail sales unexpectedly stalled in April as the boost from stimulus checks faded, but an acceleration is likely in the coming months amid record savings and a reopening economy. The Commerce Department said on Friday the unchanged reading in retail sales last month followed a 10.7% surge in March,......

Egypt’s road building drive eases jams but leaves some unhappy

Reuters
At weekends, Egyptian President Abdel Fattah al-Sisi is often driven out to a road construction site in Cairo where he is pictured surveying stretches of recently poured asphalt and being briefed by workers. The highways and bridges he inspects are the most visible part of a big infrastructure push meant......

Japan’s exports seen posting largest monthly gain since 2010

Reuters
A worker rides a bicycle in a container area at a port in Tokyo, Japan January 25, 2016. REUTERS/Toru Hanai Japan’s exports likely grew more than 30% year-on-year in April, the most in more than a decade, a Reuters poll showed on Friday, but the base effect was a major......

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