Tag Archives: pandemic

The looming return of lockdowns to contain Europe’s latest wave of Covid-19 cases poses risk on economic recovery and postponement of the timetable for the ECB’s wind down of emergency stimulus. Euro zone bond yields dropped on Friday and Germany’s entire yield curve fell into negative territory for the first …

US bond yields experienced a sharp drop on Friday, the primary catalyst for which was a continued ramp up in concerns about lockdowns in Europe where Covid-19 infection and hospitalization rates continue to surge. The drop in bond yields coinciding rally in bond prices reflects a broader outperformance of safe-haven …

New weekly jobless claims are slightly higher than expected but still representing a new pandemic-era low, with the weekly rate of those rendered newly out of work coming closer to pre-coronavirus levels. The Labor Department released its jobless claims report Thursday. The main figures from the report refer to initial …

According to acting Health Minister Jens Spahn, Wednesday, the current pandemic increased Germany’s economic dependency on China in many sectors.Spahn added that an open discussion is needed on how to reduce an over-reliance on Asia’s rising giant.“We have experienced and had to experience how dependent we have become on China,” …

San Francisco Fed President Mary Daly was speaking at the National Association of Business Economists virtual meeting.Daly said it is too early to know how far the US economy is from full employment, adding that there won’t be better clarity until the middle of next year.“It’s going to take time …

It is Eurozone GDP day again and the just released German GDP data shows that private consumption alone is not sufficient for the economy to keep up with fast growing economies like France.Supply chain disruptions will delay the moment for the German economy to return to pre-pandemic levels as it …

Canada’s hot wave of inflation and the recovering labour market are accelerating pressure on the Bank of Canada to hike interest rates ahead of schedule. Investors are eyeing a fiscal policy announcement this week for clues that the central bank is turning more hawkish. Led by Governor Tiff Macklem, the …

Treasury yields were slightly higher Thursday as U.S. weekly jobless benefit claims fell with a reading of initial jobless claims for the week ended Oct. 16 which dropped by 6,000 to pandemic low of 290,000.Yields were drifting higher as weekly jobless claims showed companies shying away from layoffs amid the …

U.S. economic growth slowed as a result of supply chain disruptions and a growing labor shortage according to a fresh Federal Reserve report. Fed’s Beige Book is a region by region compilation of economic information. In its latest edition issued Wednesday, Fed reported that several districts noted that growth overall …

A global energy crunch is expected to boost oil demand by 500,000 barrels per day and could stoke inflation and slow the world’s recovery from the COVID-19 pandemic, the International Energy Agency warned on Thursday.Oil and natural gas prices have soared to multi-year highs recently, sending power prices surging to …