Hot Features
Premium
Register to chat with like-minded investors on our interactive forums.
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK GDP declined in March
In the UK, the GDP dropped 5.80% on a MoM basis in March, compared to a fall of 0.2% in the previous month. Markets were expecting GDP to record a drop of 8.00%.
UK industrial production fell in March
In the UK, industrial production eased 8.20% on a YoY basis in March, compared to a revised 3.40% in the previous month. Markets were expecting industrial production to record a drop of 9.30%.
Euro-zone industrial production declined in March
In the Euro-zone, the seasonally adjusted industrial production slid 11.30% on a MoM basis in March, compared to a fall of 0.10% in the previous month. Market expectations were for industrial production to drop 12.10%.
US Fed Chairman warned of prolonged recession from Coronavirus pandemic
The US Federal Reserve (Fed) Chairman, Jerome Powell, in his speech, warned that the US economy could witness prolonged recession and weak recovery due to the ongoing crisis led by coronavirus pandemic leading to an extended period of low productivity growth and stagnant incomes.
US number of mortgage applications advanced last week
In the US, the number of mortgage applications climbed 0.30% on a weekly basis in the week ended 08 May 2020, compared to a rise of 0.10% in the previous week.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
