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NZD/CAD trades near 2-week low as currencies face CPI test

April 16, 2024 11:15 am
The NZD/CAD currency pair hovered just above a fresh two-week low on Tuesday ahead of Canadian and New Zealand CPI inflation figures that may provide more clues on central banks’ future interest rate paths. Canada’s March report on CPI inflation is due out at 12:30 GMT. In February, the annual inflation in the country decelerated […] Read more

GBP/NZD trades near 3-week high with focus on NZ CPI report

April 16, 2024 9:57 am
The GBP/NZD currency pair held not far from a fresh three-week high on Tuesday, as the kiwi dollar now faces New Zealand’s CPI inflation test. In the UK, data showed core wage growth had been the slowest since the three months to September 2022, but still strong by historical standards. Average weekly earnings, excluding bonuses, […] Read more

GBP/CAD steadies as UK wage growth slows but remains strong

April 16, 2024 8:32 am
The GBP/CAD currency pair steadied after earlier touching an intraday low of 1.7134 on Tuesday, as data showed UK core wage growth had been the slowest since the three months to September 2022, but still strong by historical standards. The data prompted investors to pare their bets on Bank of England rate cuts this year. […] Read more

Euro Area’s Feb industrial output rebounds as expected

April 15, 2024 10:49 am
Industrial production in the Euro Area was reported to have rebounded 0.8% in February compared to January, in line with market consensus. That followed a revised up 3% drop in January. In February, output increased for capital goods, by 1.2%, durable consumer goods, by 1.4%, and for intermediate goods, by 0.5%. On the other hand, […] Read more

Spot Gold trades near record high on Middle East tensions

April 15, 2024 9:32 am
Having registered a fresh all-time high of $2,431.29 per troy ounce last Friday, Spot Gold remained supported by safe haven buying as investors closely watched developments in the Middle East. “Gold remains in vogue as a financial asset given the combination of geopolitical risks and the prospects of Fed interest rate easing in the second […] Read more

Sweden’s inflation slows to lowest level since January 2022

April 14, 2024 3:33 pm
Sweden’s annual consumer inflation has eased to 4.1% in March from 4.5% in February, the latest data by Statistics Sweden showed, which added to prospects of an earlier interest rate cut by Riksbank. It has been the lowest inflation rate since January 2022, as prices dropped for the first time for food & non-alcoholic beverages, […] Read more

H.B. Fuller raises quarterly dividend to $0.2225

April 14, 2024 1:25 pm
H.B. Fuller Company (NYSE: FUL) said this week its Board of Directors had authorized a quarterly cash dividend of $0.2225 per share of common stock. The latter represents an 8.5% increase compared to the prior dividend payment. The dividend will be paid on May 9th to shareholders of record as of the close of business […] Read more

NV5 secures $13 million in data center contracts

April 14, 2024 10:43 am
NV5 Global Inc (NASDAQ: NVEE), a provider of technology, conformity assessment and consulting solutions, said this week it had secured $13 million in contracts to support the expansion of data center assets for technology and financial companies in Asia and the United States. ”NV5’s data center mission critical services continue to drive organic growth internationally […] Read more

Albertsons Companies announces $0.12 quarterly dividend

April 13, 2024 3:49 pm
Albertsons Companies Inc (NYSE: ACI), a leading food and drug retailer in the US, said this week its Board of Directors had authorized a quarterly cash dividend of $0.12 per share of common stock. The dividend will be paid on May 10th to shareholders of record as of the close of business on April 26th […] Read more

Accenture announces acquisition of Unlimited

April 13, 2024 12:06 pm
Accenture PLC (NYSE: ACN) announced this week it had agreed to acquire Unlimited, the award-winning integrated customer engagement agency. Unlimited is to become part of Accenture Song. Unlimited, which has won more than 100 industry awards, includes TMW, Walnut, Health Unlimited and Nelson Bostock. The company puts data and a deep understanding of human behavior […] Read more