The German market research institute, GfK, revealed that the consumer climate in Germany for March 2019 was "somewhat more balanced than in the previous month." Even though this is the case, the study showed that income expectations and tendency to buy have seen a drop.
Last night the U.K. Parliament voted to take control of the Brexit process as a means to find a way out of the current deadlock the country finds itself in after Theresa May's Brexit deal was rejected by parliament twice.
Federal Reserve chairman Jerome Powell stated yesterday that interest rates are not expected to increase this year as the American economy is slowing.
During a news conference, the Fed chairman said, "we continue to expect that the American economy will continue to grow at a solid pace in 2019, although likely slower than the very strong pace of 2018."
The European Union, according to an EU official, will most probably give Britain a chance to decide whether to extend Brexit until 2020 by the middle of April.
As Theresa May seeks to delay Brexit after parliament rejected the withdrawal deal she brought back from Brussels on two occasions and a third vote has been ruled out, the Pound is considered to be cheap, according to Merian Global Investors Ltd.
Governor of Australia's Central Bank, Philip Lowe, gave a speech last night to the House of Representatives Standing Committee on Economics. In this speech, he mentioned that the forecast for GDP growth this year is at 3 percent, while unemployment is expected to decrease to 4 ¾ percent over the next couple of years. He also said that inflation is expected to be at 2 ¼ percent by the end of 2020.
The Australian Bureau of Statistics announced yesterday that in January 39,100 new jobs were created - more than double the number that was expected.
The unemployment rate for January stood at five percent, the lowest percentage in six and a half years. These figures prove that the Australian economy is going from strength to strength.
The latest on Brexit subject is that the Spanish Foreign Minister, Josep Borrell, has told Bloomberg that there is progress being made. This may shine some light in the tunnel, bringing hope that the outcome of Theresa May's meeting tonight with European Commission President Jean-Claude Juncker may be a positive one.
The rise of 2.6 percent in producer prices for industrial products in January 2019 as compared to January 2018 in the German market, as revealed by the Federal Statistical Office of Germany, may be a positive sign for the Euro.
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- Former Fed chair Yellen: yield curve may signal need to cut rates, not a recession
- ECB governing council member Coeure: ECB is not at the limit of what it can do yet on monetary policy
- Dallas Fed Manufacturing Index drops less than expected in March
- Germany Gfk consumer confidence index unexpectedly fell