The German economy contracted in the second quarter of 2020 by 10.1% vs. -9.0% expected, it’s the biggest decline on record, as shown by preliminary data on Thursday. On a yearly basis, the German gross domestic product (GDP) contracted 11.7% vs. -10.9% decline expected by analysts, according to the German …

The seasonally adjusted unemployment rate in Germany came in at 6.4% in July vs. 6.5% expected. The figure is better than expected by analysts. Data released earlier beat expectations with the unemployment change falling by 18k in seasonally adjusted terms compared to estimates of an increase of 43k. The adjusted …

The Euro weakened slightly during the early European session and pushed EUR/GBP to daily lows near the middle of 0.9000 after the German GDP figures. After a short consolidation during the first part of Thursday’s trading, the pair faced some new offers and fell near its lowest levels in a …

U.S. president Donald Trump said on Wednesday that his administration and Democrats in Congress were far apart in their efforts to agree on a coronavirus relief bill, as reported by Reuters. And according to Reuters, Trump accused Democrats of not taking care of Americans with their proposals, and said when …

The yield on 10-year (inflation-adjusted) US Treasury bonds fell to a new low of -0.95% on Wednesday after the Federal Reserve reiterated its interest-rate keep plan to its lowest levels in the foreseeable future. Jerome Powell, Chairman of the Federal Reserve, said that monetary policy will remain accommodative until the …

China plans to boost exports by providing trade-oriented companies with capital and market support, Citing the weekly State Council meeting held Wednesday, the People’s Daily reported this Thursday. Initiatives aim to attract foreign investment through a strengthened political environment and the expansion of the services trade sector. The government stressed …

FX option expiries for July 30 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – USD/JPY: USD amounts          105.00 712m105.55 524m 105.75 500m 106.00 1.9bn

Wifo said on Thursday that the Austrian economy shrank by 10.7% in the second quarter, marking the largest contraction since World War II as the Corona pandemic hit domestic and foreign demand. Wifo, which is complies data for the government, said that the hardest hit sectors are retail, hotels, restaurants, …

Data released by the US Bureau of Statistics and the Bureau of Economic Analysis on Wednesday showed that the United States’ international trade deficit decreased by $ 4.6 billion to $ 70.6 billion in June. “Exports of goods for June were $ 102.6 billion, $ 12.5 billion more than May …

Data from the American Petroleum Institute showed that American oil inventories witnessed a sharp decline last week, contrary to market expectations, as US oil inventories recorded a decrease of 6.8 million barrels over the week ending July 24 to 531 million barrels, while analysts’ expectations indicated that an increase of …