United States: Fed to Consider How Long to Stay at Zero Rates: Decision-Day Guide “Federal Reserve policy makers will consider penciling in interest rates near zero for this year and next to help the U.S. economy recover from its coronavirus-induced recession. The Federal Open Market Committee is all but certain to keep its benchmark overnight
June 09, 2020 During the first quarter of 2020, GDP, seasonally adjusted, declined by 3.6% in the euro area and by 3.2% in the EU, according to the statistical office of the European Union (Eurostat). Notably, In March 2020, COVID-19 containment measures began to be widely introduced by Member States. In addition, in the fourth quarter of 2019,
United States: Stock Rally Slams to a Halt While Treasuries Jump: Markets Wrap “U.S. stock futures and European equities slid on concern that the blistering rally in risk assets has overshot the economic recovery. Treasuries advanced with gold and the yen. Declines in the U.S. premarket ran from oil drillers to cruise lines. The dollar
In April 2020, the COVID-19 containment measures widely introduced by Member States had a significant impact on retail trade, as the seasonally adjusted volume of retail trade declined by 11.7% in the euro area and by 11.1% in the EU, compared with March 2020, according to Eurostat, the statistical office of the European Union. However,
June 5, 2020 Total nonfarm payroll employment increased by 2.5 million in May, as the rate of unemployment decreased to 13.3%, according to a report by the U.S. Bureau of Labour Statistics (BLS). This improvement was attributable to a limited resumption of economic activity that had been curtailed in March and April due to the
June 4, 2020 Stationery and Office Supplies Limited (SOS) for the three months ended March 31, 2020 reported revenues of $336.90 million relative to $343.47 million booked in same period in 2019, reflecting a 2% decrease. The Company’s cost of sales totaled $171.69 million, down 2% relative to the $175.04 million reported in 2019. As
June 3, 2020 Unemployment rates trended upward for the month of April in all 389 metropolitan states compared to twelve months earlier. According to Bureau Labor Statistics (BLS), unemployment rates were, “A total of 52 areas had jobless rates of less than 10.0% and 12 areas had rates of at least 25.0%.” Non-farm payroll employment
United States: U.S. Economy Is Opening Back Up, But the Covid-19 Fallout Will Linger “The U.S. economy is slowly coming back to life as restrictions on businesses loosen in all 50 states, but the economic fallout of the coronavirus pandemic is far from over. Buoyed by the reopening of businesses across the country, most figures
June 1, 2020 Lasco Distributors Limited (LASD) posted 8% growth in revenue to $19.50 billion, up from $18.13 billion in the corresponding period in 2019. For the quarter, revenue increased by 8% closing at $5.20 billion (2019: $4.80 billion). LASD highlighted, “ During the year, we launched our reduced sugar ICOOL beverage line in four
