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Cohen & Steers reports 4.27% surge in total AUM in May

June 11, 2024 9:00 am
Cohen & Steers Inc (NYSE: CNS) on Monday reported a 4.27% month-over-month surge in its assets under management (AUM) to $80.488 billion as of May 31st. That performance was mostly due to market appreciation of $3.571 billion and was in part offset by distributions of $150 million and net outflows of $93 million. When it […] Read more

One Liberty Properties announces $0.45 quarterly dividend

June 11, 2024 7:01 am
One Liberty Properties Inc (NYSE: OLP) said on Monday that its Board of Directors had authorized a quarterly cash dividend of $0.45 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. It also represents the company’s 126th consecutive quarterly dividend. The dividend will be paid on July 9th […] Read more

Switzerland consumer morale little changed in May

June 10, 2024 4:17 pm
Consumer morale in Switzerland was almost unchanged from a month ago in May, with the gauge of confidence coming in at a reading of -38, up from -38.1 in April. The latest figure remained considerably below the long-term average level, the State Secretariat for Economic Affairs said. The gauge of expected economic development remained little […] Read more

Sweden’s industrial output shrinks the most since July 2023

June 10, 2024 11:39 am
Sweden’s industrial production has contracted at the steepest annual rate since July 2023 in April, data showed on Monday. Industrial production has decreased 4.4% year-on-year in April, following a revised down 2% expansion in March. In April, manufacturing output shrank 5.3% YoY after a 1.5% growth in the preceding month, Statistics Sweden reported. Meanwhile, production […] Read more

Norway inflation eases to lowest level since July 2021

June 10, 2024 9:16 am
Norway’s annual consumer price inflation has decelerated further, to 3% in May, from 3.6% in April, the latest data by Statistics Norway showed. It has been the lowest CPI inflation rate since July 2021. In May, inflation slowed for food & non-alcoholic beverages (5.4% YoY from 6.8% YoY in April), housing & utilities (0.1% YoY […] Read more

Silver rebounds after sharp loss as FOMC meeting, CPI eyed

June 10, 2024 7:32 am
Spot Silver rebounded over 1% on Monday after having recorded a sizable loss of 6.8% on Friday on the back of hot US employment data that bolstered the US Dollar. A much stronger-than-anticipated US Non-Farm Payrolls report cooled investor expectations of an early interest rate cut by the Federal Reserve this year. Employers in all […] Read more

Canada’s economy adds more jobs than expected in May

June 9, 2024 12:55 pm
Canada’s economy has created 26,700 jobs in May, following an employment growth of 90,400 in April. In comparison, market consensus had pointed to 22,500 growth. Part-time employment went up by 62,000 in May and full-time employment decreased by 36,000. Job gains in May were observed mostly within the services-providing sector, as follows: – health care […] Read more

South Africa’s Forex reserves at $62.087 billion in May

June 9, 2024 10:50 am
Foreign exchange reserves in South Africa expanded to $62.087 billion in May from $61.795 billion in April, data by the South African Reserve Bank showed. The nation’s foreign currency reserves grew to $46.424 billion in May from $46.287 billion in April. Meanwhile, gold reserves increased to $9.449 billion in May from $9.320 billion in April, […] Read more

France posts largest trade deficit since October 2023

June 8, 2024 5:17 pm
France has reported its biggest trade balance deficit since October 2023 in April. The trade shortfall widened to EUR 7.6 billion in April from EUR 5.4 billion in March. The nation’s total exports went down 1.7% month-over-month to EUR 51.2 billion in April, while total imports went up 2.3% to EUR 58.8 billion. The energy […] Read more

Norway’s manufacturing production shrinks at record rate

June 8, 2024 12:51 pm
Manufacturing production in Norway was reported to have contracted at a monthly rate of 5.6% in April after a revised up 5.6% surge in March. It has been the steepest monthly rate of contraction on record, as production shrank for most components: – textiles, wearing apparel & leather (-15.5% in April after an 8.7% increase […] Read more