There is also a sense that even if China were to adopt all the policies the US wants, the rivalry would only intensify. Defying economic logic, Japan reported both weaker than expected cash wages and stronger than expected consumption.
Labor cash earnings fell 1. Economists surveyed by Bloomberg expected a 0. It is the third consecutive decline and is the biggest drop in a decade. On the other hand, household spending accelerated to 2. Economists had projected slow consumption. It was the strongest gain since last August.
While some increase in consumption is possible ahead of the sales tax increase October , it seems a bit early to look for it.
In the monetary policy statement, the Reserve Bank of Australia slashed growth forecasts to 1. However, its reluctance to cut rates may be linked to its view that the economy will re-accelerate. It reduced its outlook for consumption and investment but continues to count on the robust labor market for the economic resilience it continues to project.
Meanwhile, in an unusual move, at least a couple of Australian banks have pressed forward and announced cuts in mortgage rates. The RBA meets next on June 4, but the derivatives markets suggest better prospects for a cut at the July 2 meeting. Today is the first time this week that the dollar is holding above the previous session's low against the yen. It has yet to rise above the previous session's high this week. Yesterday's range was roughly JPY There are two expiring options that in play: JPY A higher close today would snap a five-day dollar slide.
If it is unable to close above the high already recorded, it will be the fourth consecutive weekly losses for the Aussie. The greenback fell less than 0. The dollar rose about 1. The UK reported growth accelerated in Q1 to 0. Imports surged as companies and households took precautionary measures ahead Brexit. The softness of March monthly data warns of the lack of momentum coming into Q2.
Translation of "waiting for the other shoe to drop" in Russian
Some April employment data will be released next week, but Brexit continues to command the focus. Germany will report Q1 GDP next week and today's trade figures will fuel some optimism despite the weakness in survey data. Many observers may complain about Germany's large trade surplus, but the unexpected increase in March exports will likely be seen as a constructive development.
Exports jumped 1. The median guestimate in the Bloomberg survey was for a decline of 0. German imports rose 0. Imports fell by 1. France reported March industrial production figures However, with Q1 GDP already reported and being halfway through Q2, the data was of fleeting interest. Of the last 11 sessions beginning with the stronger than expected US Q1 GDP on April 26, the euro has risen in eight, if today's gains are sustained.
It is off roughly 1. Both the headline and core rates are expected to tick up to 2.
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The response is likely to be stronger on a downside miss than an upside surprise. Powell and some other Fed officials have indicated that the recent softness in inflation was transitory. Recall that the headline rate had risen to 2.
You’ve probably heard the expression, “waiting for the other shoe to drop.”
The issue here is not the secular decline but the recent softness. Canada reports April employment data. Canada lost jobs in March The market often seems to respond to the headline more than the mix between full and part-time positions. The hourly wage rate for permanent workers is also reported.
It had bottomed at the end last year below 1. Hoping the threat in the album title isn't real, because her voice and nostalgic production is such a good listen.click
The Phrase "Waiting For The Other Shoe To Drop" Was Born In NYC - Gothamist
Virtual Heaven by Infinity Crush. Despite its themes of isolation and loneliness, Caroline White's latest batch of folk-pop confessionals is an LP brimming with confidence.
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Oh You by Aaron Calvert. Explore music. Just have a listen and pay what you think it's worth. Purchasable with gift card. Tomorrow bleeds into today. Rabbits playing in the road. My muscles slowly tighten again.
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