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29. May 2020
THERE WILL BE NO UPDATES ON JUNE 1 AND JUNE 5 DUE TO PUBLIC HOLIDAYS IN DENMARK
Switzerland: Surprisingly few signs of a rebound in the May KOF Institute survey. The headline index fell to a new record low
Japan: Industrial output and retail sales take a beating in April - more downside in May. Tokyo is left 'defenceless'
The case for a stronger euro against the US dollar continues to gain support from several factors
28. May 2020
USA: Better-than-expected durable goods orders and business surveys should make investors think twice about the need for more fiscal stimulus measures. This is 'dollar bearish'
Euro-zone: Economic sentiment shows only marginal improvement in May, as service sentiment hits a new record-low
Sweden: The NIER Economic Tendency survey is a disappointment considering talk about 'Europe opening up'
Spain's catastrophic retail sales number is just one more factor boosting support for EU deal. Britain leaving the union makes leeway for debt-sharing - but also the revival of nationalism in rich member states
27. May 2020
China: Reluctant policymakers in Beijing are warming up to more aggressive fiscal and monetary stimulus measures
South Korea: Manufacturing sentiment takes another beating to a new record low. Deflationary pressure rose during the 'first' coronavirus crisis
France: Disappointing May business sentiment survey underscores why President Macron is eager to 'help Italy, Spain - and France'
26. May 2020
USA: Consumer confidence in May stays at a relatively high level considering the extent of the coronavirus outbreak
USA: Regional manufacturing and non-manufacturing Philadelphia Fed surveys herald V-shaped recovery
Germany: Consumer sentiment recovers only very slowly, as the long-term outlook has deteriorated markedly
25. May 2020
Germany: IFO survey shows light at the end of the tunnel, but the manufacturing sector and the service sector remain in deep recession in Q2
EU: Franco-German deal will probably be passed, but this will not unite the union. The opposite is the case
Two Sessions: Beijing needs to launch more aggressive measures to achieve 'some economic growth' in 2020
USA: Regional Philadelphia Fed survey 'concludes' Covid-19 to disappear from the radar in the not too distant future - or has money-printing done the trick?
20. May 2020
There are no updates on May 21-22 due to public holidays
Taiwan: A highly successful virus containment strategy has protected the people and the economy. Exports orders from China jump
Japan: A sharp decline in the Reuters Tankan's manufacturing and service index heralds close to 10% contraction in Q2
Interactive presentation: Life 'after' the coronavirus outbreak - A storyboard update
19. May 2020
Britain: Jobless claimants skyrocket to the highest level since the 1960s - European policy-making creates the foundation for a negative 'economic wave' further down the road
18. May 2020
China: House prices regain momentum in April despite falling wages and soaring unemployment
A vulnerable Japan plunged into recession in Q1 before the coronavirus gained a stronger foothold
15. May 2020
USA: Industrial output falls sharply in April, but reopening talks boost manufacturing sentiment
USA: Retail sales collapse in April. A quick normalisation requires no major new virus outbreaks, which seems highly unlikely
Podcast interview with Camilla Noerup Sorensen from the Institute for Strategy at the Royal Danish Defence College: 'What comes after the coronavirus crisis? Has the world become less peaceful?' - Must-listen
China: The 'restart' continued in April, but the 'new normal' is quite different and disappoints Beijing
14. May 2020
Turkey: Industrial output takes a beating in March as the first impact of the lockdown hits the shores
Podcast interview with immunology professor Jan Pravsgaard Christensen about what we know and what we do not know about the coronavirus - Must-listen
13. May 2020
Euro-zone: Industrial output fell sharply in March as the economy was locked down
USA: April fiscal deficit skyrockets to the same level as for the full year in 2018. A failed 'restart' could make workers stay home
12. May 2020
USA: The first impact of the coronavirus outbreak is deflationary pressure, but the policy response and deglobalisation risk creating inflation pressure
USA: Surprisingly 'less downbeat' small NFIB business survey as the White House talks about restarting the economy now and not tomorrow
Australia in a much better position than most other countries continues to add support to the Aussie dollar
China: Falling factory prices show the real picture in the manufacturing sector
11. May 2020
China: There are no signs yet of aggressive monetary easing, according to April monetary statistics
7. May 2020
France: Worse-than-expected manufacturing output in March shows the extent of the economic downturn
China: April exports data much better than expected, but the 'new normal' is quite different from the 'old normal'
6. May 2020
Public holiday in Denmark on May 8
USA: Private payrolls collapse by 20.2 million jobs in April. President Trump plans restart of the economy without a credible plan
Sweden versus the rest of Europe: PMI service sentiment index declines less than in the rest of Europe
Germany: Industrial orders drop at the fastest rate since January 1991. More downside in April, according to the latest IFO survey
Spain: Unemployment skyrockets at a time when the tourist season was supposed to show the opposite. Voters are not in the mood for another decade of fiscal austerity
Podcast interview with Steen Jakobsen, Chief Investment Officer, Saxo Bank, about a global economy headed towards the 1970s 
5. May 2020
USA: ISM service survey shows a 'slightly less' downbeat outlook although the orders and the employment index dropped to the lowest level ever recorded
Switzerland: Consumer confidence plummets to the lowest levels since the early 1970s
4. May 2020
Sweden: PMI manufacturing orders index plummets to an all-time low
1. May 2020
USA: Manufacturing sentiment plunges less than market expectations, but the survey heralds mass lay-offs in May and June
Coronavirus crisis: Adjust to the virus now. Press the 'play button' sooner rather than later or face the Great Depression II
Japan: Consumer confidence plunges to an all-time low as Tokyo's only tool, money-printing, is inefficient against a different enemy
30. April 2020
Spain: The economy contracts at the fastest rate since the Civil War in 1936-1939. No signs of relief in Q2. Help from Brussels is needed!
China: The April details in the PMI survey show few signs of a strong 'restart'. PMI export index plunges due to massive orders cancellations
France: The economy tumbles in Q1 even though the 'real crisis' started in April. Europe needs to adjust 'infrastructure' assuming a second wave will come. Euro appreciation?
29. April 2020
USA: The economy shows a sharp contraction in Q1 before the coronavirus outbreak turned into a catastrophe for the country
Euro-zone: Business and consumer survey indicates sharp economic contraction in 2020. Anecdotal evidence from China shows no signs of V-shaped recovery
Podcast interview with Anders Ellemann Kristensen in Beijing, General Manager, Albatros Travel China, about the restart and a 'less' optimistic outlook for China
Turkey: The biggest collapse in economic sentiment seen in the world - so far!
South Korea: A successful virus-strategy is no guarantee for an export-oriented economy, which is no stronger than the weakest link in the global supply chain
28. April 2020
USA: Inconsistent consumer survey indicates a shortlived virus crisis. Nonetheless, households may be in for a surprise
France: Consumer sentiment is falling, but not to a degree one might have feared. Nevertheless, the fear of becoming unemployed is increasing
USA: Dallas Fed manufacturing sentiment plunges in April. Spending plans and wages index collapse
27. April 2020
China: Corporate profits take a massive beating in Q1. Anecdotal evidence from Beijing International Airport shows soaring ticket prices to overseas destinations
24. April 2020
USA: 'Core' durable goods orders were stable in March, but forward-leading indicators herald 30% decline in April
Germany: IFO index plunges to a new record low, as Europe faces a deep and prolonged recession
23. April 2020
Britain: Business sentiment collapses to the lowest level since the early 1950s. Boris Johnson has turned into the most cautious 'restarter'
South Korea: The economy shows 'moderate' contraction in the first quarter of 2020. The outlook remains gloomy even though Seoul has done all the right thing
Sweden: 'Herd immunity' strategy does not make the economy immune. Economic sentiment index plummets to an all-time low in April. 'Herd immunity' versus 'Containment'
France: Service sentiment plunges to an all-time low in April. The political aftermath of virus-outbreak will radically change President Macron's political agenda
Podcast interview with Morten Springborg about how the coronavirus outbreak could change the investment environment
22. April 2020
Euro-zone consumer confidence plummets to the lowest level since March 2009 as policymakers try to restart the economy
Dutch households' assessment of the future economic situation plunges to an all-time low. European policymakers handle virus crisis blindfold
21. April 2020
USA: Philadelphia Fed non-manufacturing business sentiment index plunges to an all-time low in April. The economy is headed towards a deep recession
Podcast interview with Professor Torben M Andersen on how Danish policymakers handle the ongoing coronavirus crisis blindfold. What do the first 'random' tests say about the extent of the virus outbreak?
Britain: March labour market report is history. The economy is headed towards a sharp contraction in private consumption and a steep decline in house prices
20. April 2020
Revisiting the coronavirus storyboard: The end of the beginning
Podcast interview with a 'contaminated' Danish businessman in China. The business environment for foreigners has changed significantly in China
17. April 2020
China: Massive economic contraction in Q1. The strategy is now 'localisation' rather than 'globalisation', and more support to state-owned enterprises. Foreigners are 'contaminated'
16. April 2020
USA: Philadelphia Fed index plunges to the lowest level since 1980, but respondents also believe coronavirus crisis is a 'short-term problem'
Japan: Reuters Tankan survey shows a steep decline in the manufacturing index. Service sentiment hits an all-time low. Prime Minister Abe criticises WHO to divert attention from Tokyo's coronavirus strategy failure
15. April 2020
USA: Retail sales plunged during the first phase of the Covid19 crisis. Manufacturing sentiment plummets in April
Swiss consumer confidence collapses to the lowest level since the early 1970s
Correct, Covid19 is not the same as in 2008 - it is worse! French retail sales plunge by 24% in March and Australian consumer confidence shows the steepest collapse seen in the last 47 years.
14. April 2020
Australia: Business confidence plummets to the lowest level ever recorded. A deep recession is in the pipeline
China: The 'restart' remains on track, but the 'new normal' means significantly slower growth
By Invitation: After the mask - what will happen at China’s next parliamentary session?
A 'smart restart' of Europe requires 'qualified estimates' of infected persons based on random national testing and a radical change of doing business. WHO says it is unclear whether recovered patients are immune
8. April 2020
Japan: Service sentiment plunges to an all-time low, as Tokyo fails to rein in the coronavirus outbreak
VIDEO: China's restart - Households are increasingly acting as they did before the coronavirus outbreak
7. April 2020
A necessary but risky restart of Europe's economy has begun: Denmark opts for a peculiar restart strategy or has the 'curve' simply turned too flat?
6. April 2020
Japan: Consumer confidence plunges to the lowest level since March 2009 as the coronavirus outbreak appears out of control
Why are national health authorities not listening to anecdotal evidence from Asia? Credibility is needed if a 'second wave' were to emerge
Germany: Industrial orders fell less-than-expected in February. Nonetheless, IFO survey heralded orders to plunge by 20% shortly before the number of infected persons stood at only 2,700
Britain: Consumer confidence plummets to the lowest level since 2009 shortly before the coronavirus truth was available to the public - Bank of England is not in the mood of money-printing
3. April 2020
USA: The March ISM service index declines much less than market expectations. That said, the situation will deteriorate significantly in April
USA: Nonfarm payrolls plummeted by 701,000 as the report only takes into account payroll activity through March 14. April unemployment rate above 10% is highly likely
Euro-zone: Panic-buying boosts retail sales in February. March retail sales could collapse in the range of 20% to 30%
China: Private service PMI survey shows what lies ahead for the mainland and the rest of the world
2. April 2020
Coronavirus outbreak in Europe: Investors and companies face a future with national health authorities knowing less than they believed in January