Articles by: Miroslav Marinoff

Switzerland’s CPI inflation stable at 1.3% in July

Annual consumer price inflation in Switzerland has remained stable at 1.3% in July, the latest data by the Swiss Federal Statistical Office showed. The latest CPI figure came in line with market consensus. In July, prices were lower for: – clothing & footwear (-1.8% YoY versus -2% YoY in June); – household goods & services […] Read more

Spot Gold scales two-week peak as Fed rate cut bets rise

Spot Gold scaled a fresh two-week peak of $2,468.53 per troy ounce on Friday and looked set for its largest weekly gain since early April, as disappointing US macro data reinforced expectations of a rate cut by the Federal Reserve in September. Recent data showed that US manufacturing activity had shrunk at a faster rate […] Read more

Euro Area unemployment rate edges up to 6.5% in June

The jobless rate in the Euro Area was reported at 6.5% in June, up from an all-time low of 6.4% in May. In comparison, market consensus had pointed to a rate of 6.4%. In June, the number of unemployed persons increased by 41,000 from the preceding month to 11.122 million, data by Eurostat showed. Euro […] Read more

Spot Silver scales 1-week peak as Fed hints at September cut

Spot Silver scaled a one-week peak of $29.159 per troy ounce on Thursday, after Federal Reserve Chair Jerome Powell said a rate cut in September could be on the table if the economy followed its expected path. The Federal Reserve left its federal funds rate target range without change at a 23-year high of 5.25%-5.50% […] Read more

US private payrolls rise the least since January

Employers in the US private sector have added 122,000 jobs in July, data by Automatic Data Processing showed on Wednesday. This has been the slowest employment growth since January and it fell short of market expectations of 150,000. In July, the service-providing sector added 85,000 job positions, as follows: – trade, transportation and utilities – […] Read more

Bank of Japan lifts policy rate to 0.25%, trims bond buying

The USD/JPY currency pair whipsawed on Wednesday, after the Bank of Japan raised its short-term interest rate to around 0.25% from a previous range of around 0% to 0.1%, which it set at its March meeting. The central bank also said it would reduce the monthly bond purchases to JPY 3 trillion in January-March 2026 […] Read more

Euro Area’s GDP growth tops expectations in Q2

The Euro Area’s economy has expanded 0.3% quarter-on-quarter in Q2 of 2024, a preliminary estimate showed, or at the same pace as in the first quarter. The latest result outpaced market expectations of a 0.2% growth. In Q2, economies grew in: – Spain – by 0.8% QoQ; – Ireland – by 1.2% QoQ; – Lithuania […] Read more

Japan’s June unemployment rate lowest since January

The unemployment rate in Japan was reported at 2.5% in June, down from 2.6% in the prior four months, data by the Ministry of Internal Affairs & Communications showed. It has been the lowest jobless rate since January. The number of unemployed persons went down by 60,000 to 1.76 million in June, while the number […] Read more

Macerich announces $0.17 quarterly dividend

Macerich Co (NYSE: MAC), a fully integrated, self-managed, self-administered real estate investment trust, said this week its Board of Directors had authorized a regular quarterly cash dividend of $0.17 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on September 9th to shareholders […] Read more

Switzerland’s retail sales rise below forecast in May

Retail sales in Switzerland were reported to have risen 0.4% year-on-year in May. That followed a revised down 2.2% surge in April, data by the Swiss Federal Statistical Office showed. The latest figure came in well below market consensus of a 2.5% rise. Sales of food products shrank 1.6% YoY in May, after a 1.2% […] Read more