Better than expected housing data in the US. Lower energy prices push Canada into deflation. Manufacturing and service activity contracts at a slower rate in the UK and the eurozone. Japan’s nascent consumer demand recovery is nipped in the bud. The RBA expands collateral for repo to include investment grade corporate bonds.
Industrial production and retail sales plunge in the US. Stockpiling essentials can’t prevent big drop in Canadian manufacturing sales. UK, eurozone and German economies contract. Japan’s leading index in March presents a “worsening” scenario. Australia’s unemployment rate not reflective of true underlying conditions.
A special commentary on Germany’s Constitutional Court ECB decision. Unemployment spikes in the US and Canada. The BoE is watchfully on hold. German and Italian industrial production plunges. Wages for part time employees take a hit in Japan. The RBA on hold but expands eligible collateral for repo operations.