The global economy is bottoming out, with China appearing to have bottomed out in February, and the US has been pulling in since the end of April. The main threat to the global economy is the repeated increase in the number of infections as quarantine measures are weakened.
The optimism associated with lifting restrictions in a number of major countries seems premature to some investors. A new wave of decline may overwhelm the assets of developing countries in the second or third quarter, however, there is a chance that at the same time, stocks, bonds and currencies will still complete the year at levels higher than current.
=======
Weekly calendar:
05/11/2020, Monday
ANZ New Zealand Business Confidence Index for May.
05/12/2020, Tuesday
US April Consumer Price Index (MoM);
US Core Consumer Price Index for April (MoM).
05/13/2020, Wednesday
Australia's Interest rate for May;
RBNZ Monetary Policy Statement;
New Zealand Interest Rate Decision;
UK Preliminary GDP (q/q);
Fed Chair Powell Speaks.
05/14/2020, Thursday
Australia's April employment change;
New Zealand's April unemployment rate;
New Zealand's Annual budget data;
BOE Gov Bailey Speaks;
BOC Governor Poloz Speaks.
05/15/2020, Friday
German GDP (q/q);
US April Core Retail Index;
US Retail Sales (MoM) for April.
=======
Trade with the Fibo Group!
The optimism associated with lifting restrictions in a number of major countries seems premature to some investors. A new wave of decline may overwhelm the assets of developing countries in the second or third quarter, however, there is a chance that at the same time, stocks, bonds and currencies will still complete the year at levels higher than current.
=======
Weekly calendar:
05/11/2020, Monday
ANZ New Zealand Business Confidence Index for May.
05/12/2020, Tuesday
US April Consumer Price Index (MoM);
US Core Consumer Price Index for April (MoM).
05/13/2020, Wednesday
Australia's Interest rate for May;
RBNZ Monetary Policy Statement;
New Zealand Interest Rate Decision;
UK Preliminary GDP (q/q);
Fed Chair Powell Speaks.
05/14/2020, Thursday
Australia's April employment change;
New Zealand's April unemployment rate;
New Zealand's Annual budget data;
BOE Gov Bailey Speaks;
BOC Governor Poloz Speaks.
05/15/2020, Friday
German GDP (q/q);
US April Core Retail Index;
US Retail Sales (MoM) for April.
=======
Trade with the Fibo Group!