GDP data expected to show the US outperforming the rest of the developed world
A pedestrian holding an umbrella walks past an electronic stock board outside a securities firm in Tokyo, Japan, on Friday, April 26, 2019. Picture: KEITH BEDFORD / BLOOMBERG
“Tonight’s US GDP print could be crucial from a technical point of view. If we see a good number it will probably see the euro targeting the key psychological level of $1.1000.” The dollar was flat at 111.61/¥, after shedding 0.5% overnight, but was buoyed elsewhere by a solid report on US durable goods orders.
The closely watched estimate of GDP from the Atlanta Federal Reserve is projecting an outcome of 2.7%, a huge turnaround from a few weeks ago when it was at 0.5%.Yet the rebound has not been mirrored in inflation, which remains subdued across much of the developed world, prompting a host of central banks to turn dovish.
Rate cuts look much likelier in Australia and New Zealand after recent disappointingly weak inflation reports.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Climate costs South Africa 10% of its GDPAccording to research from Standford University, the biggest perpetrators of pollution are already benefiting from global warming. And those responsible for the least carbon emissions are paying the highest price.
Read more »
Trencor-associate Textainer is optimistic about world trade in 2019The group says the outlook for GDP growth and container trade is positive, ‘despite ongoing trade disputes’
Read more »
Business Maverick: Asian shares up after Nasdaq, S&P 500 hit record highsEquity markets in Asia rose on Wednesday morning after upbeat earnings helped the Nasdaq and S&P 500 indexes reach record closing highs on Wall Street overnight, while oil retreated from its near six-month highs.
Read more »
Liverpool lead again as Man Utd, Arsenal falter in top four chaseJürgen Klopp’s men have now won their last nine games in all competitions, to also set up a Champions League semi-final against Barcelona.
Read more »
Climate costs South Africa 10% of its GDPAccording to research from Standford University, the biggest perpetrators of pollution are already benefiting from global warming. And those responsible for the least carbon emissions are paying the highest price.
Read more »
Rand slips on stronger dollar, stocks up
Read more »
JSE slips as firmer dollar weighs on banks and minersUpbeat US corporate reports sent US markets to a record high on Tuesday, but a firmer dollar puts pressure on interest-rate sensitive stocks and miners
Read more »
Rand slips past R14.50/$ as dollar rally continuesThe rand’s losing streak continues, as global-growth concerns push the dollar to a two-year high against a basket of major currencies
Read more »
Rand falls as US data bolsters dollarThe currency was trading at its weakest levels since 1 April.
Read more »
Gold heads for four-month low on firm dollarMetal falls as equities rise and the greenback gains after strong US housing data eases concern about an economic slowdown
Read more »