Japanese Economy Contracts At Record Pace
Japanese Economy Contracts At Record Pace
Japanese Preliminary GDP Actual -4.0%, Expected -4.2%, Previous -3.2%
Release Explanation: The Gross Domestic Product is a comprehensive measure of a Japan’s overall production and consumption of goods and services. GDP serves as one of the primary measures of overall economic well-being. GDP announcements generally conform […]
The Libor Rate Falls Below 1%, A Record Low
The Libor Rate Falls Below 1%, A Record Low
The three month dollar Libor rate fell to 0.99% this morning, breaking, for the first time, below the 1% benchmark rate. Libor or London Interbank Offered Rate tracks the interest rate at which banks borrow unsecured funds from the money markets. Currently, it is estimated that roughly […]
CAD Trade Deficit Widens To Record
CAD Trade Deficit Widens To Record
CAD Trade Balance (Jan) Actual -1.0B, Expected -1.0B, Previous -0.7B (Revised from -0.5B)
Trade Desk Thoughts: Canada’s trade deficit widened to a record as demand for cars dried up.
In Canadian dollars, the deficit rose to $933 million, Statistics Canada said. December’s deficit was revised to $652 million. The deficit in […]