Deutsche Industrieproduktion übertrifft Erwartungen: Sinkt im März um 3,4% statt erwarteter 1,0%
Germany’s industrial output for March fell by more than expected, suggesting a deterioration in manufacturing sector activity, according to official data. In March, output dropped by 3.4% MoM, compared to a forecasted 1% drop and the previous month’s 2.1% decline. Industrial production on an annualized basis arrived at 1.8% in March, higher than the previous […]
“Canadian Headline CPI Predicted to Plummet in March – TDS Forecasts Major Deceleration!”
Inflation in Canada has been a hot topic in recent times, with headline CPI showing a sharp deceleration in March. The country’s consumer inflation figures are set to be released on Tuesday, but analysts at TD Securities (TDS) have already provided a brief preview of what to expect. According to TDS, headline CPI in March […]
“Stunning March Surge: FX Reserves Skyrocket, UOB Reports Remarkable Growth”
Enrico Tanuwidjaja, an economist at UOB Group, and Agus Santoso, a junior economist, recently reviewed Indonesia’s latest foreign exchange (FX) reserves prints. In March 2023, Indonesia’s foreign exchange reserves increased by $4.9 billion, bringing the total to $145.2 billion. This substantial reserve level demonstrates Indonesia’s stable economic position as it is equivalent to financing 6.4 […]
“Two Banks in March: Was the Pace of Rate Hikes Truly the Culprit?”
The Federal Reserve Bank of New York President, John Williams, has stated that the financial system troubles prompting the central bank to provide large amounts of credit to banks is not collateral damage stemming from the Federal Reserve’s aggressive campaign to lower inflation. This comment comes in defense against the growing concern that the rapid […]
Schwab Sees Whopping $53B Client Influx, Clocks Second Best March in Historical Record
Charles Schwab Corp announced that it recorded $53bn in core net new client assets in March, marking the second-highest March result in the company’s history. This comes in a time when deposit flows have stayed fairly consistent despite recent weeks of turbulence in the financial sector. Many investors have been turning to Charles Schwab in […]
“BoJ’s JGB Holdings Skyrocket to Unprecedented Record in March – Experts Weigh In!”
As of March 31, the Bank of Japan’s (BoJ) holdings of Japanese government bonds (JGBs) stood at JPY582tn ($4.42tn), suggesting that the central bank’s bond portfolio may have reached “peak size.” Record purchases of JPY136tn were made in the year through March — nearly double the amount in the previous year. The increase in JGBs […]
Canadian Job Surge Surpasses Expectations: BoC to Maintain Rates Amid Uncertainties and Global Economic Developments
On Thursday, data revealed that the Canadian economy added 35,000 jobs in March, exceeding expectations. However, despite the robust numbers, the Bank of Canada (BoC) is anticipated to maintain rates unchanged in the coming week. According to analysts at CIBC, the BoC will remain on hold for the remainder of the year before permitting rate […]
“US Job Cuts Soar 15% in March: Interest Rates Fuel Layoff Surge & Employment Challenges”
Job cuts at U.S.-based employers surged in March, with a total of 89,703 layoffs announced—a 15% increase from the prior month. This figure marks the third time this year that job cuts have been significantly higher than in the same month the previous year. In fact, job cuts in March 2023 were more than four […]
US Services PMI Declines, Revealing Slower Economic Activity
In March, economic activity within the US services sector grew at a slower pace, with the ISM Services PMI dropping to 51.2 from 55.1 in February. The reading was weaker than the market expectation of 54.5. The inflation component of the PMI survey, the Price Paid sub-index fell to 69.5 from 65.6 in February, while […]
“March NFT Sales Skyrocket to $2 Billion as Market Leader Blur Steals the Show!”
As the NFT (non-fungible token) market continues to grow at a rapid pace, the total sales of such tokens reached nearly $2 billion in March. This signals a significant increase in sales for NFTs compared to previous months, primarily due to the increasing demand for visual art and designer collectibles such as music, videos, and […]