08 June 2020
Chris Scicluna
,
Emily Nicol
- While Asian equities started the week on the front foot, the flow of economic data remained downbeat, with the confirmation of recession in Japan, ongoing weakness in Chinese imports and a record decline in German IP.
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05 June 2020
Emily Nicol
,
Chris Scicluna
- Ahead of this afternoon’s US payrolls report, Japan’s spending figures confirmed a further notable contraction at the start of Q2, while German factory orders fell at a record rate in April.
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04 June 2020
Emily Nicol
,
Chris Scicluna
- Ahead of the ECB's meeting to agree an expansion of its Pandemic Emergency Purchase Programme, the German government agreed a new substantial fiscal stimulus package worth €130bn.
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03 June 2020
Emily Nicol
,
Chris Scicluna
- While the Chinese services PMIs suggested a notable improvement in May, the Japanese survey continued to signal significant contraction. And Australian Q1 GDP confirmed the first contraction since the global financial crisis.
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02 June 2020
Chris Scicluna
,
Emily Nicol
- With Australian GDP contracting at the sharpest rate since the 1930s, the RBA played it safe and left its yield curve control policy unchanged even though the government has been able to ease restrictions sooner than the Bank feared.
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