Global equities ended firmer last week, amid optimism over global economic recovery as countries around the world eased lockdown restrictions.
UK Markets ended the week in positive territory, amid easing of coronavirus-driven lockdown restrictions.
In the UK, the BRC shop price index dropped on a yearly basis in April.
Net consumer credit fell more than market forecast in April.
The Nationwide house prices dropped at its fastest pace since 2009 in May.
The number of mortgage approvals for house purchases sharply declined in April, recording its lowest level since comparable records began in October 1997.
UK’s Markit services PMI advanced in May.
The Halifax house price index dropped for a third successive month in May.
UK’s Markit construction PMI rose less-than-expected in May.
The GfK consumer confidence index dropped in May, hitting its lowest level since January 2009.
European Markets ended the week on a positive footing, after the European Central Bank (ECB) expanded its stimulus program to boost economic recovery.
Eurozone’s final Markit manufacturing PMI rebounded in May.
In the Eurozone, the Markit services PMI rose to a three-month high level in May.
Eurozone’s unemployment rate rose less than market forecast in April.
In the Eurozone, the producer price index (PPI) fell more-than-anticipated on an annual basis in April.
In the Eurozone, retail sales sharply dropped for the second consecutive month in April.
Germany’s final Markit manufacturing PMI advanced in May.
In Germany, the final Markit services PMI rose more than market consensus in May.
Germany’s seasonally adjusted unemployment rate advanced more-than-expected in May.
In Germany, seasonally adjusted factory orders declined more than market forecast in April, recording its largest decline since the beginning of the time series in January 1991.
US Markets ended the week in green, amid optimism about a rapid recovery from the coronavirus-led economic fallout.
Construction spending dropped less-than-anticipated in April.
US ISM-NY business conditions index advanced in May.
Factory orders sharply declined on a monthly basis in April.
The MBA mortgage applications dropped on a weekly basis in the week ended 29 May 2020.
US private sector employment fell less-than-expected in May.
The Markit services PMI advanced in May.
The ISM non-manufacturing PMI rebounded in May.
US seasonally adjusted number of initial jobless claims dropped less than market consensus in the week ended 29 May 2020.
Trade deficit widened more-than-anticipated in April.
US nonfarm payrolls unexpectedly rose in May.
Unemployment rate unexpectedly dropped in May.
Average hourly earnings of all employees dropped in May.
US consumer credit declined in April.
Asian Markets ended higher last week, tracking gains in their global counterparts.
In Australia, current account surplus widened more-than-expected in 1Q20.
Australia’s economy contracted in 1Q20.
Australia’s AiG performance of construction index climbed in May.
In Australia, the Commonwealth Bank services PMI advanced more-than-expected in May.
Australia’s trade surplus narrowed less than market expectations in April.
In Australia, retail sales declined less than market forecast in April.
Australia’s building permits dropped less than market consensus in April.
In Australia, the AiG performance of services index climbed in May.
China’s Caixin services PMI advanced more than market anticipated in May.
In China, trade surplus unexpectedly widened in May.
Japan’s Jibun Bank services PMI advanced in May.
In Japan, overall household spending plunged less-than-expected in April.
Japan’s preliminary coincident index unexpectedly dropped in April.
In Japan, the flash leading economic index dropped more than consensus in April.
Japan’s non-seasonally adjusted current account surplus narrowed in April.
In Japan, gross domestic product (GDP) dropped more than market forecast in 1Q20.
Japan’s trade balance (BOP basis) recorded a deficit in April.
The Reserve Bank of Australia (RBA), in its latest policy meeting kept its key interest rate unchanged at 0.25%, as widely expected. In a statement following the interest rate decision, RBA Governor, Philip Lowe stated that the global economy was witnessing a “severe downturn” and had produced a “sharp rise” in unemployment. However, he assured that substantial, coordinated and unprecedented easing of fiscal and monetary policy in Australia is helping the economy through this difficult period. Further, he indicated that negative interest rates are “extraordinarily unlikely”.