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Canada’s housing starts at 7-month high in May

June 18, 2024 8:56 am
Housing starts in Canada were reported to have increased 10% month-over-month to 264,506 units in May. It has marked the highest number of housing starts since October 2023. In comparison, market consensus had pointed to a level of 247,000 units. The May seasonally adjusted annual rate (SAAR) of total urban housing starts rose 11% to […] Read more

Reserve Bank of Australia holds rate at 4.35% for fifth time

June 18, 2024 6:59 am
The Reserve Bank of Australia kept its cash rate without change at 4.35% at its June policy meeting, in line with market expectations. The central bank noted that inflation still remained above the midpoint of its 2%–3% target range, mostly because of the still-high cost of services. Recent macroeconomic figures have suggested the RBA will […] Read more

Euro Area wage growth fastest since Q4 2022

June 17, 2024 2:08 pm
Pay in the Euro Area has increased 5.3% year-on-year during the first quarter of 2024, data by Eurostat showed, accelerating from a revised up 3.2% rise in Q4 of 2023. It has been the fastest wage growth rate since the fourth quarter of 2022. In Q1, pay growth picked up for: – manufacturing (5.8% YoY […] Read more

Norway reports NOK 58.7 billion trade surplus in May

June 17, 2024 10:57 am
Norway has reported a trade surplus of NOK 58.7 billion in May, or an increase from NOK 45.3 billion in the same month of 2023. The nation’s total exports went up 9.9% year-on-year to NOK 153.2 billion, the latest data by Statistics Norway showed. In May, shipments rose for animal & vegetable oils, fats & […] Read more

Northfield Bancorp announces $10 million stock buyback

June 17, 2024 9:16 am
Northfield Bancorp Inc (NASDAQ: NFBK) said on Friday that its Board of Directors had authorized a new $10.0 million stock repurchase program. ”The Company anticipates conducting such repurchases beginning on June 18, 2024 in accordance with a Rule 10b5-1 trading plan. The timing of the repurchases will depend on certain factors, including but not limited […] Read more

RLJ Lodging Trust announces $0.10 quarterly dividend

June 17, 2024 7:26 am
RLJ Lodging Trust (NYSE: RLJ) said last week its Board of Directors had authorized a regular quarterly cash dividend of $0.10 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on July 15th to shareholders of record as of the close of business […] Read more

Euro Area reports EUR 15 billion trade surplus in April

June 16, 2024 12:09 pm
The Euro Area has reported a trade surplus of EUR 15 billion in April, compared with a deficit of EUR 11.1 billion in April last year. The latest figure fell short of market consensus of EUR 20 billion. The bloc’s total imports went up 1.8% year-on-year to EUR 232.5 billion in April, while total exports […] Read more

Canada manufacturing sales rise less than forecast

June 16, 2024 7:44 am
Manufacturing sales in Canada rose at a monthly rate of 1.1% in April, compared with a preliminary estimate of a 1.2% growth, and following a revised up 1.8% decline in March. An increase in sales was observed in 12 out of the 21 subsectors, led by primary metals (+4.7%), transportation equipment (+4.1%) and chemical products […] Read more

New Zealand food inflation lowest since September 2018

June 15, 2024 4:21 pm
Annual food inflation in New Zealand has eased to 0.2% in May from 0.8% in April, data by Statistics New Zealand showed. It has pointed to the smallest increase in food prices since September 2018. Prices of fruit and vegetables plummeted 11.4% year-on-year in May, following a 1.1% drop in April. In addition, prices of […] Read more

Sweden’s CPI inflation lowest since January 2022

June 15, 2024 11:40 am
Sweden’s annual consumer inflation has eased to 3.7% in May from 3.9% in April, the latest data by Statistics Sweden showed. It has been the lowest inflation rate since January 2022. In comparison, market consensus had pointed to a bigger slowdown to 3.5%. In May, prices moderated for housing & utilities (7.5% YoY versus 8.6% […] Read more