Japan Gross Domestic Product Deflator (YoY): -0.8% (1Q) vs previous -0.1%

Japan Gross Domestic Product (QoQ) above forecasts (0.4%) in 1Q: Actual (0.5%)

Japan Gross Domestic Product Annualized registered at 2.2% above expectations (1.7%) in 1Q

Japan’s GDP 0.5% vs. 0.4% forecast

Japanese gross domestic product rose more-than-expected in the last quarter, preliminary official data showed on Wednesday.In a report, Cabinet Office said that Japan’s GDP rose to a seasonally adjusted 0.5%, from 0.3% in the preceding quarter.Analysts had expected Japan’s GDP to rise 0.4% in the la ...

USD/JPY broke to the 110.50 key support, more downside from Tokyo open?

Currently, USD/JPY is trading at 110.90, up 0.06% on the day, having posted a daily high at 110.96 and low at 110.53. Forex today: a rough ride and a reality check for dollar bulls in a spooked market As per the previous article in USD/JPY, (US yields down a huge 4.44%: USD/JPY headed to 110.5 ...

Economic wrap and Aussie jobs ahead – Westpac

Analysts at Westpac offered an economic wrap and outlook for today's events. Key Quotes: "Eurozone CPI inflation was finalised at 0.4% for April, 1.9% annual, which is a gain on the previous 1.5% annual pace but lower than  February’s 2.0%. The volatility in readings is partl ...

US session data reviewed – Nomura

Analysts at Nomura offered a review of the overnight data from the US session. Key Quotes: "Initial jobless claims: Initial unemployment insurance claims have stabilized around the historical low after a continued downtrend during the recovery. For the week ending 6 May, the four-week movin ...

UK PM May to reduce corporate tax to 17% by 2020 – Reuters

According to a recent article by The Telegraph newspaper, British Prime Minister Theresa May will commit to wiping out the deficit by the middle of the next decade, allowing for greater borrowing to support the economy in the run-up to Brexit, as per Reuters reports. Key highlight ...

Wall Street sinks as political controversy frightens investors

Major equity indices in the United States recorded their biggest daily fall in nearly eight months on Wednesday as the political turmoil in the United States pushed the investors away from riskier assets. Furthermore, markets see the recent developments as major setbacks on proposed and eagerl ...

Brazil stocks lower at close of trade; Bovespa down 1.67%

Investing.com – Brazil stocks were lower after the close on Wednesday, as losses in the Industrials, Financials and Basic Materials sectors led shares lower. At the close in Sao Paulo, the Bovespa lost 1.67%. The best performers of the session on the Bovespa were BR Malls Participacoes SA ...

Dow loses 370 points as US stocks suffer worst day of 2017

Investing.com – U.S. stocks slumped on Wednesday, as investors ditched risk assets amid concerns that the President Trump’s economic agenda could be delayed amid rising U.S. political turmoil. In what was a quiet day for economic data release, investors focused on reports that President ...