Author: finadmin

US GDP expands at annual rate of 0.5% in Q4 vs 0.7% expected

US GDP expands at annual rate of 0.5% in Q4 vs 0.7% expected

The United States’ (US) real Gross Domestic Product (GDP) expanded at an annual rate of 0.5% in the fourth quarter, the US Bureau of Economic Analysis’ third estimate showed on Thursday. This print followed the 0.7% growth announced in the previous estimate and came in below the market expectation of 0.7%. “Real GDP was revised […]

Preferred G10 relief trade on de-escalation – OCBC

Preferred G10 relief trade on de-escalation – OCBC

OCBC strategists Sim Moh Siong and Christopher Wong highlights Australian Dollar (AUD) as the preferred G10 expression of de-escalation and pro-growth after the US-Iran ceasefire. They note that high-beta energy importers like Swedish Krona (SEK) and New Zealand Dollar (NZD) led the snapback, but AUD stands out as a pro-cyclical currency relatively resilient to energy […]

German Industrial Production declines 0.3% MoM in February vs. 0.9% expected

German Industrial Production declines 0.3% MoM in February vs. 0.9% expected

Germany’s industrial sector activity fell sharply in February, the latest data published by Destatis showed on Thursday. Industrial Output, in the Eurozone’s economic powerhouse, declined by 0.3% over the month in February, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, compared with the expected 0.9% rise and 0% recorded in January […]