Articles by: Miroslav Marinoff

Switzerland producer prices fall the least since December

Producer and import prices in Switzerland decreased at an annual rate of 1.7% in July, the latest data by the Swiss Federal Statistical Office showed. It has been the 15th consecutive month of year-on-year decline, but yet, the slowest since December 2023. Switzerland’s import prices decreased at a slower pace in July, by 2.7% YoY […] Read more

Japan’s GDP grows at faster-than-expected 3.1% in Q2

Japan’s GDP has expanded at an annualized rate of 3.1% in the second quarter of 2024, a preliminary estimate showed. That followed a 2.3% contraction in the prior quarter. In comparison, market consensus had pointed to a 2.1% GDP growth. The latest figure marked the fastest annual growth rate since Q2 of 2023, as it […] Read more

H&E Equipment Services announces $0.275 dividend

H&E (NASDAQ: HEES) said this week its Board of Directors had authorized a regular quarterly cash dividend of $0.275 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on September 13th to shareholders of record as of the close of business on August […] Read more

Sweden’s CPI inflation stable at near 3-year low

Sweden’s annual consumer inflation has remained steady at 2.6% in July, the latest data by Statistics Sweden showed. It has been the lowest inflation rate since September 2021. In comparison, market consensus had pointed to acceleration to 2.7%. In July, inflation for food & non-alcoholic beverages remained stable, at 1.1%. Conversely, inflation accelerated for: – […] Read more

NZD/USD plummets as RBNZ delivers 25 bps rate cut

The New Zealand Dollar retreated more than 1% against its US counterpart on Wednesday, after the Reserve Bank of New Zealand surprisingly slashed its official cash rate by 25 basis points to 5.25% at its August policy meeting. It has been the first rate cut since March 2020, while it confounded market consensus of a […] Read more

South Africa’s unemployment rate highest since Q2 2022

The unemployment rate in South Africa has risen to 33.5% in the second quarter of 2024 from 32.9% in Q1, data by Statistics South Africa showed. It has been the highest jobless rate since the second quarter of 2022. In comparison, market consensus had pointed to a decrease to 32.3%. The number of unemployed persons […] Read more

T. Rowe Price reports 1.15% surge in total AUM in July

T. Rowe Price Group Inc (NASDAQ: TROW) on Monday reported a 1.15% month-over-month surge in its assets under management (AUM) to $1.587 trillion as of July 31st, according to preliminary figures. Net outflows stood at $2.0 billion for July, the firm said. Equity AUM rose to $0.814 trillion as of July 31st from $0.810 trillion […] Read more

Singapore’s GDP grows 2.9% YoY in Q2, 2024 forecast raised

Singapore’s economy has grown at an annualized rate of 2.9% in the second quarter of 2024, final data by Statistics Singapore showed. The final estimate matched the preliminary data. First-quarter GDP growth has been revised up to 3%. In Q2, economic growth was mostly underpinned by segments such as wholesale trade, finance & insurance, and […] Read more

Germany’s wholesale prices fall for 15th month in July

Wholesale prices in Germany have decreased at an annualized rate of 0.1% in July, data by the Federal Statistical Office showed. The latter has been a slowdown from a 0.6% drop in the prior month. July marked the 15th consecutive month of decreasing producer prices, but the pace has been the softest in the sequence. […] Read more

Boeing secures $2.56 billion US Air Force contract

Boeing Co (NYSE: BA) said last week that it had secured a $2.56 billion contract from the United States Air Force for two rapid prototype E-7A AEW&C Wedgetail aircraft. The contract encompasses lifecycle development, training and support for the US E-7A fleet, Boeing Co said. Stock Performance The shares of Boeing Co (BA) closed 0.57% […] Read more