There have been 22 federal government shutdowns in the United States since 1979, with three last year alone, including the most recent 35-day partial shutdown, which came into effect on December 22, 2018. Considered the longest in US history
China’s factory orders fell for the second month in a row, with the Caixin/Markit Purchasing Managers Index (PMI) indicating further contraction in the country’s manufacturing activity in January.
Brazil’s current account deficit (CAD) narrowed to $0.82 billion in December 2018 from $2.07 billion a year earlier on the back of a widening trade surplus in goods, even as the country’s services industry recorded an annual deficit.
The pound sterling rebounded from its April 2017 low after the Brexit deal of Prime Minister Theresa May’s Conservative Party was defeated by a record margin of 230 votes in the House of Commons on January 3 of this year.
The US Federal Reserve (the Fed) voted unanimously to raise benchmark interest rates by 25 points at its concluding monetary-policy meeting in 2018 on December 18-19.
The manufacturing sector in the United States slowed for the second straight month, according to the Institute for Supply Management’s (ISM’s) PMI (Purchasing Managers Index) survey in October.
The International Monetary Fund (IMF) recently published its forecast for global economic growth, also referred to as the “World Economic Outlook” (WEO), in which the international body downsized its global growth outlook for 2018-19.
Coffee futures for December 2018 delivery were trading around 120 cents per pound (2.2 pounds equals 1 kilogram) in the last week of October on the Intercontinental Exchange (ICE).
Over the last few months, market experts have been sounding the death knell for the United States’ dominance in world trade and the effectiveness of the dollar as the reserve currency, which has historically enjoyed strong investor confidence.
Japan’s international-trade balance jumped to a whopping ¥139.56-billion surplus in September, after registering two successive months of deficits. The trade numbers came in better than Street expectations of a ¥50-billion deficit but narrowed considerably from the ¥654-billion surplus
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