Articles by: Miroslav Marinoff

Singapore producer prices rise the most since November 2022

Producer prices in Singapore went up 4.3% year-on-year in June, the latest data by Statistics Singapore showed. That followed a revised 2.7% increase in May. It has been the sharpest year-on-year increase in domestic supply prices since November 2022. In June, prices rose at a faster rate for: – mineral fuels (11.4% YoY versus 10.1% […] Read more

Norway’s retail sales decrease 5.1% in June

Retail sales in Norway have decreased 5.1% in June over May, the latest data by Statistics Norway showed. The latter followed a revised up 4.7% growth in May. In June, sales were lower for: – food and beverages (-7.6% after a 6.3% surge in May); – other goods (-7.3% after a 7.7% increase in May); […] Read more

Italy’s consumer morale surprisingly improves in July

Consumer morale in Italy has increased for a third straight month in July, data by the National Institute of Statistics showed. The gauge of consumer confidence came in at a reading of 98.9 in July, while improving from 98.3 in June. It has been the highest level of confidence since February 2022. Market consensus had […] Read more

Sweden’s unemployment rate highest since June 2021

The rate of unemployment in Sweden was reported at 9.4% in June, up from 9.3% in the same month of the preceding year. It has been the highest jobless rate since June 2021. The number of unemployed persons went up by 16,000 from June 2023 to 566,000, data by Statistics Sweden showed. In the meantime, […] Read more

South Africa producer inflation stable in June

Annual producer inflation in South Africa has remained stable at 4.6% in June, data by Statistics South Africa showed. Last month, prices picked up for: – food, beverages & tobacco products (4% YoY from 3.8% YoY in May); – metals, machinery & computing equipment (5.7% YoY from 5.5% YoY in May). In the meantime, inflation […] Read more

AGCO to sell most of its Grain & Protein business

AGCO Corporation (NYSE: AGCO) said on Thursday that it had entered into a definitive agreement to sell the majority of its Grain & Protein business to American Industrial Partners in a $700 million all-cash deal. The portfolio to be sold includes the five main Grain & Protein brands – GSI, Automated Production, Cumberland, Cimbria and […] Read more

FirstEnergy announces $0.425 quarterly dividend

FirstEnergy Corp (NYSE: FE) said this week its Board of Directors had authorized a regular quarterly cash dividend of $0.425 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on September 1st to shareholders of record as of the close of business on […] Read more

Spot Gold set for weekly loss as investors await US PCE data

Spot Gold edged higher on Friday, but looked set for a weekly decline, as market players awaited the key US PCE inflation report that may provide further clues on the timing of the Federal Reserve’s first rate cut. Annual core PCE inflation probably eased to 2.5% in June, according to market consensus, from 2.6% in […] Read more

Germany’s July business confidence lowest since February

The Ifo Business Climate gauge for Germany decreased for a third straight month in July, data by the Ifo Institute showed. The index came in at a reading of 87 in July, down from 88.6 in June. It has been the gauge’s lowest level since February. The latest reading was also below market consensus of […] Read more

Sweden’s producer prices rise 0.8% YoY in June

Producer prices in Sweden increased at an annualized rate of 0.8% in June, data by Statistics Sweden showed. That followed a 2.6% surge in May. June also was the third straight month of producer price growth. Prices rose at a slower rate for both capital goods (4.4% YoY compared to 5.2% YoY in May) and […] Read more