Articles by: Miroslav Marinoff

Germany’s unemployment rate remains stable at 5.9%

The seasonally adjusted jobless rate in Germany was reported at 5.9% for a sixth straight month in May, in line with market expectations. This has been the highest jobless rate in the EU’s largest economy in three years. The number of unemployed persons in the country rose by 25,000 to 2.762 million in May. This […] Read more

Switzerland’s CPI inflation stable at four-month high

Annual consumer price inflation in Switzerland has remained stable at 1.4% in May, the latest data by the Swiss Federal Statistical Office showed on Tuesday. It has been the highest inflation rate since December 2023. Price increase accelerated for housing and utilities, by 3.8% YoY after a 3.3% YoY rise in April. Cost of transport […] Read more

South Korea’s CPI inflation lowest since July 2023

Annual consumer price inflation in South Korea has decelerated to 2.7% in May from 2.9% in April, the latest data by Statistics Korea showed. It has been the lowest CPI inflation rate since July 2023. In comparison, market consensus had pointed to a slower CPI easing – to 2.8%. In May, prices increased at a […] Read more

Donaldson increases quarterly cash dividend to $0.27

Donaldson Company Inc (NYSE: DCI) said on Friday that its Board of Directors had authorized a quarterly cash dividend of $0.27 per share of common stock. The latter represents an increase of 8% compared to the previous quarterly dividend of $0.25 per share. The dividend will be paid on June 28th to shareholders of record […] Read more

Hamilton Insurance appoints Bradley Cooper to its board

Hamilton Insurance Group Ltd (NYSE: HG) said that it had appointed Bradley E. Cooper to its Board of Directors as a shareholder director, replacing Antonio Ursano, effective June 1st. Cooper is a Managing Partner of Capital Z Partners, a private equity fund that invests primarily in the financial services sector. “I am pleased to welcome […] Read more

Spot Gold eases as investors look for more Fed rate clues

Spot Gold was a notch weaker on Monday, with market focus setting on more macro data out of the US this week, including the key Non-Farm Payrolls report. The latest US PCE inflation figures still supported expectations that the Federal Reserve would likely cut interest rates later in 2024. Data showed last Friday that annual […] Read more

Switzerland’s retail sales rise the most since February 2022

Retail sales in Switzerland were reported to have risen at the sharpest annual rate since February 2022 in April. Retail sales went up 2.7% year-on-year in April, while rebounding from a 0.2% drop in March, the data showed. The latest figure far exceeded market consensus of a 0.2% rise. In April, sales of non-food products […] Read more

Spain posts €3.285 billion current account surplus in March

Spain has reported a surplus of EUR 3.285 billion on its current account in March, which compared with a EUR 5.911 billion surplus in March of 2023. The nation’s goods and services surplus shrank to EUR 5.244 billion in March from EUR 6.741 billion a year earlier. Spain’s tourism account registered a EUR 5.100 billion […] Read more

Singapore’s bank lending eases from 15-month high in April

Total bank lending in Singapore came in at SGD 804.3 billion in April, data by the Monetary Authority of Singapore showed. That figure compared with a 15-month high of SGD 807.8 billion in March. Lending to corporate sector decreased to SGD 491.8 billion in April from SGD 495.3 billion in March, the data showed. In […] Read more

Germany’s retail sales contract 1.2% in April

Retail sales in Germany were reported to have contracted at a monthly rate of 1.2% in April, or much more compared to market expectations of a 0.2% drop. That followed a revised up 2.6% surge in March. Sales in the German food retail sector shrank considerably in April, by 3.7%, while non-food sales edged up […] Read more