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Asia-Pacific Shares Post Steep Losses as Covid Concerns Weigh on Sentiment


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The major Asia Pacific stock indexes were mostly lower on Wednesday as worries over a resurgence of COVID-19 cases in some countries cast doubt on the strength of global growth, weighing on the economic outlook and investor sentiment. Investors followed Wall Street’s lead amid a more than 250 point drop in the Dow as reopening stocks declined.
Traders were especially concerned about rising coronavirus cases in India. The COVID-19 situation in the country remains severe, with 259,170 new daily infections registered on Tuesday. This follows a warning from the World Health Organization (WHO) on Friday that global Covid infection rates are approaching their highest level ever. ....

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Dollar – Why it Failed to Rally on Strong Retail Sales


April 15, 2021
Daily FX Market Roundup 04.15.2021
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management
The U.S. dollar struggled to rally on Thursday despite very strong U.S. economic reports. According to the latest releases, the U.S. economy roared back to life in March and early April. Retail sales, the most anticipated piece of U.S. data this week blew expectations as stimulus checks and vaccinations fueled robust demand. Consumer spending jumped 9.8 percent in the month of March, easily outpacing the market’s 5.9 percent forecast. This was the strongest increase since May of last year. Gas and auto sales contributed to the rise but spending ex autos still rose 8.4 percent. Jobless claims also dropped almost 200K to 576K the lowest weekly reading since the pandemic began as restaurants, retailers and other businesses rehire. Manufacturing activity is improving as well with the Empire State index rising to 26.3 from 17.4. These overwhelming ....

New Zealand , Federal Reserve , Strong Retail , Kathy Lien , Managing Director , Empire State , Federal Reserve Chairman Powell , புதியது ஜீலாந்து , கூட்டாட்சியின் இருப்பு , வலுவான சில்லறை , கத்தி உரிமை , நிர்வகித்தல் இயக்குனர் , பேரரசு நிலை , கூட்டாட்சியின் இருப்பு தலைவர் போவல் ,

Cox Automotive December Forecast: Sales Pace Continues to Slow as 2020 Stumbles Across Finish Line


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ATLANTA, Dec. 22, 2020 /PRNewswire/  Boosted by year-end sales and extra selling days, light vehicle sales in the U.S. for December are expected to finish near 1.54 million, a 1.9% increase over last December. The gain is a bit misleading, however, as there are 28 shopping days this month, three more than last year and five more than last month. With that many extra days for vehicle shoppers to acquire new wheels, a volume increase is more than expected. When volume is viewed on a seasonally adjusted basis, the sales pace is forecast to fall to a 15.5 million seasonally adjusted annual rate (SAAR), down from last month and down nearly 7% from last December s 16.8 million pace. ....

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