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News

New York Fed president Williams: Fed set up to make sure credit is flowing to businesses and state and local entities

  • Says he is optimistic about economic outlook but acknowledges that it's going to be a challenging period
  • COVID hit certain sectors hard, such as travel and arts
  • Demand for the arts is as strong as ever


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22:33 23.10.2020
Key events for next week: US consumer confidence indicator, Australian consumer price index, Bank of Canada, Bank of Japan and ECB interest rate decision, US and Canada GDP
On Monday, at 05:00 GMT, Japan will release an index of leading economic indicators for August. At 07:00 GMT, Britain will publish the Nationwide house price index for October. At 09:00 GMT, Germany will present the IFO business environment indicator, the IFO current situation assessment indicator, and the IFO economic expectations indicator for October. At 11: 00 GMT in Germany, the Bundesbank's monthly report will be released. At 14:00 GMT, the US will announce changes in new home sales for
18:08 23.10.2020
White House economic adviser Kudlow says fiscal stimulus talks are barely moving - Bloomberg TV
The "ball is not moving much" right nowThere are still policy issues that divide the two teams It would be very difficult, even if you had deal in the next few days; you’ve got to go through committee print, and then you’ve got to have votes in House and Senate, so it’s not going to be easy
17:30 23.10.2020
EUR/USD to stay rangebound for now - TDS
FXStreet reports that EUR/USD is higher on Friday after the region's set of flash preliminary Manufacturing Purchasing Managers' Index (PMI) readings helped the pair reject a concerted break below 1.18 overnight. Economists at TD Securities expect the EUR/USD pair to remain generally rangebound for now.“The October readings held their ground in firm expansion mode across the euro area. That said, the service sector slowed further into contraction territory overall. The big surprise was German
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