The Statistisches Bundesamt Deutschland reported that Germany's gross
domestic product (GDP) for the first quarter of 2019 saw an increase of 0.4
percent compared to the fourth quarter of 2018.
As the fate Brexit saga continues to play out, and the prime minister Theresa May is running out of time to save Britain from a no deal, her latest move was to announce that she will offer MPs the chance to vote on a second Brexit referendum.
The Reserve Bank of Australia's (RBA) Governor, Philip Lowe gave a speech about the economic outlook and monetary policy to the Economic Society of Australia today, after the RBA released its latest meeting minutes.
All eyes are on Britain again as yesterday Theresa May was forced by her own party to agree on when her time as prime minister would be up. As a result of this and doubts that Britain will leave the European Union with a no deal, the Pound had its longest slide since 2000 yesterday.
Stocks saw a rise yesterday after U.S President Donald Trump decided to delay imposing tariffs on auto imports for a period that could go up to six months.
British Prime Minister Theresa May is planning to take the withdrawal agreement bill to MPs to vote on at the beginning of June. According to Downing Street, this plan will go through even if Labour and the government fail to reach a deal until then.
According to one of the government's main indicators, Japan's economy is deteriorating for the first time in six years.
U.S President Donald Trump raised tariffs on $200 billion worth of Chinese imports, taking tariffs from ten percent to 25 percent overnight.
After the U.S. President Donald Trump commented on trade talks with
China at a campaign rally that "China broke the deal" U.S. stock futures
dropped as much as 0.7 percent.
These comments, along with Trump stating that "they can't do that so they will be paying," also caused Asia stocks to fall and the Yan to strengthen by 0.2 percent against the Dollar.
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- German IFO business climate index drops in May
- Eurozone: Flash PMI signals subdued business growth amid stagnant demand
- German private sector maintains modest pace of output growth in May - IHS Markit
- Germany's GDP increased by 0.4% in the first quarter of 2019, as expected