Monday, June 14We Break the News

Taiwan Export Orders Highest on Record For April, US Stocks Set to Extend Losses for 4th Day, Taiwan Export Orders Highest on Record For April, Poland Employment Rises for 1st Time in a Year

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  • Poland Employment Rises for 1st Time in a Year
    Poland’s corporate employment rebounded by 0.9 percent from a year earlier, slightly short of market expectations, to 6.317 million people in April of 2021, following a 1.3 percent decline in the previous month. This reading interrupted a 12-month series of consecutive contractions in employment levels, as the economy seems to slowly start recovering from the pandemic crisis. On a monthly basis employment edged down by 0.2 percent, marginally faster than the 0.1 percent decrease in March.
    Taiwan Export Orders Highest on Record For April
    Export orders from Taiwan jumped 42.6% over a year earlier to USD 54.9 billion in April of 2021, the most on record for an April month, largely beating market expectations of a 32.6% surge. It is the 14th consecutive rise in export orders amid sustained demand for electronic products (51.5%) and information & communication products (23.8%) during strict lockdowns worldwide to contain the COVID-19 pandemic. Orders also rose strongly for basic metals and articles thereof (86%); plastics and rubber products (73.7%); machinery (54%); chemicals (44.8%) and mineral products (152.8%). Among major trade partners, increases were seen from the US (43%), China (40.5%), Europe (38%), ASEAN (57.8%) and Japan (36.4%).
    US Stocks Set to Extend Losses for 4th Day
    US futures extended losses for a 4th consecutive session on Thursday, with contracts on the Dow Jones falling almost 200 points, amid worries over a rise in inflation and an early pull back in Fed’s monetary stimulus. Last FOMC minutes showed some officials consider it might be appropriate to start discussing a tapering plan in upcoming meetings if the US economy continues to pick up strongly and inflationary pressures persist. Some officials also said that in several industries, the supply-chain disruptions appeared to be “more persistent than originally anticipated”. Traders will also keep an eye on the cryptocurrencies roller-coaster while the claims report will provide an update on the labour market recovery. On Wednesday, the Dow Jones lost 165 points or 0.5% to 33896; the S&P 500 slid 12 points or 0.3% to 4116 and the Nasdaq ended little changed at 13300.
    Taiwan Export Orders Highest on Record For April
    Export orders from Taiwan jumped 42.6% over a year earlier to USD 54.9 billion in April of 2021, the most on record for an April month, largely beating market expectations of a 32.6% surge. It is the 14th consecutive rise in export orders amid sustained demand for electronic products (51.5%) and information & communication products (23.8%) during strict lockdowns worldwide to contain the COVID-19 pandemic. Orders also rose strongly for basic metals and articles thereof (86%); plastics and rubber products (73.7%); machinery (54%); chemicals (44.8%) and mineral products (152.8%). Among major trade partners, increases were seen from the US (43%), China (40.5%), Europe (38%), ASEAN (57.8%) and Japan (36.4%).

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