Consumer sentiment weakens in April amid coronavirus surge
Consumer sentiments have been particularly battered during the last three weeks of April, says the Centre for Monitoring Indian Economy s (CMIE) managing director and chief executive Mahesh Vyas
BusinessToday.In | May 4, 2021 | Updated 16:45 IST
The index of consumer sentiments plunged by 3.8% in April, its sharpest fall since May 2020, says CMIE
The COVID-19 second wave had a detrimental impact on household sentiments in April, according to the Centre for Monitoring Indian Economy (CMIE).
There is widespread anguish that is spilling over into the anxiety concerning the long-term well-being of households, says CMIE s managing director and chief executive Mahesh Vyas.
A complete guide to the Bank of Canada and interest rates
Rebecca Cattlin April 21, 2021 3:20 PM
As with any central bank, when the Bank of Canada (BOC) changes interest rates, it can have a knock-on effect to stocks, indices and currencies. Find out everything you need to know about the BOC and how it’s decisions impact financial markets. Share:
What is the Bank of Canada?
The Bank of Canada is Canada’s central bank, which was created to promote the economic and financial welfare of the country. The BOC is responsible for preserving the value of the Canadian dollar and keeping inflation low through monetary policies, printing money and setting interest rates.
The Federal Reserve Bank of New York s Center for Microeconomic Data released the March 2021 SCE Labor Market Survey, which shows among the respondents who were employed four months ago, 97.3 percent were still employed in March 2021, compared to 95.3 percent in November 2020 and 89.1 percent in March 2020.
z sce labor.png
The increase was primarily due to a decline in transitions out of the labor force (which fell to 1.3 percent in March 2021 from 4.0 percent in November 2020).
The proportion of individuals who reported searching for a job in the past four weeks rebounded to 20.3 percent in March 2021 from 17.8 percent in November 2020. The increase was primarily driven by women.
It was a bullish end to the week for the European majors on Friday.
Following on from a relatively bullish day on Thursday, the DAX30 rallied by 1.34%, to lead the way. The CAC40 and the EuroStoxx600 saw more modest gains of 0.85% and 0.90% respectively.
Positive stats from China and the U.S provided support for the European majors at the end of the week.
Corporate earnings delivered further upside for German autos and the DAX30. At the end of the week, Daimler released prelim Q12021 results. Favorable sales momentum at Mercedes driven by strong demand, from China in particular, delivered better than expected results.
OFWs: Smugglers of faith and joy BusinessWorld 19 hrs ago
(Second of three parts)
Economic prospects for 2021 look bleaker by the day as COVID-19 cases are rising and our Government can’t seem to get their act together in effectively distributing the vaccines available and managing more expertly the necessary balance between public health and the economy. In my own economic forecast, the Philippines shall continue to see paralyzing lockdowns as we suffer from additional surges of even more infectious varieties of this deadly virus. I do not expect positive GDP growth till the fourth quarter of the current year, coming mostly from the Government’s stimulus packages and the Build, Build, Build program. The only other major source of growth will be from the more than 10 million Overseas Filipinos who are literally our global front liners helping to carry the burden of the Philippine economy as our doctors, nurses, and health workers are the front liners caring for the health o