The UK Preliminary GDP for the first quarter decreased by 2.0% quarterly and by 1.6% annualized. Economists predicted a decrease of 2.5% and 2.1%. Forex traders can compare this to the fourth-quarter GDP, which was reported flat at 0.0% quarterly, and which increased by 1.1% annualized. The UK GDP for April decreased by 5.8% monthly, and by 2.0% for the three-month-over-three-month period ending in April. Forex traders can compare this to the GDP for March, which decreased by 0.1%, and which was reported flat or the three-month-over-three-...
The Preliminary Japanese Leading Index for March was reported at 83.8, and the Preliminary Japanese Coincident Index was reported at 90.5. Forex traders can compare this to the Japanese Leading Index for February, which was reported at 91.9 and to the Japanese Coincident Index, which was reported at 95.4. The US CPI for April is predicted to decrease by 0.7% monthly, and to increase by 0.4% annualized. Forex traders can compare this to the US CPI for March, which decreased by 0.4% monthly, and which increased by 1.5% annualized. The US Core...
Apple shares (AAPL) showed excellent growth after the recent correction in the stock market due to coronavirus. Analysts hope that the financial performance of the consumer electronics giant will revive quickly when the global economy recovered from the COVID-19 pandemic. Apple company several times was an American success story. First, it ignited the personal computer revolution in the 1970s with the Apple II. Then it reinvented the PC in the 1980s with the Macintosh. Steve Jobs, one of the company's founders, returned to the...
This week will be quite full of economic statistics, which will show how the pandemic has affected the global economy. In the United States of America Retail Sales and industrial production reports for April are expected, while in the United Kingdom and Germany GDP for the first quarter is expected to be published. Threats of Trump against China continue to inflame the situation and cause concern to investors. Also, this week, the third decline in the 11-year history of Bitcoin is expected. The main news this week: Reports in the...
Tesla Chief Executive Officer Elon Musk said in a podcast interview on Thursday that the company's planned Roadster sports car will take second place due to the development of other car models. In an interview with stand-up comedian Joe Rogan, the billionaire also criticized orders imposed by American states to curb the spread of coronavirus. Musk said state blockage orders are "unconstitutional" and will not be brought before the U.S. Supreme Court if they are challenged. Earlier, on April 29, he made such remarks during the...