The deficit of trade in commodities in the US declined in May 2018 by 3.7% and amounted to 64 billion 800 million dollars, according to preliminary data from the US government. Economists had expected a much larger deficit - at a level of 69 billion 200 million dollars. Wholesale inventories in May rose by 0.5%, retail inventories - by 0.4%. In May, both exports and imports grew, but exports grew at a faster pace. It is expected that the reduction in trade deficit in May will give impetus to GDP growth in the second quarter.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
On Friday, Axios Media Inc. reported a document acquired by tech watchdog group Tech Transparency Project which indicates that multiple U.S. states were investigating Apple (AAPL) due to deceptive trade practices. According to the report, ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...