Articles by: Miroslav Marinoff

Canada’s unemployment rate stable at over two-year high

The jobless rate in Canada remained stable at 6.1% in April, data by Statistics Canada showed. It has been the highest unemployment rate since October 2021. In comparison, a consensus of analyst estimates had pointed to an increase to 6.2%. The number of unemployed individuals in the country went up by 17,100 from the prior […] Read more

Sweden’s industrial production rebounds in March

Sweden’s industrial production has expanded at an annual rate of 2.9% in March, while rebounding after a revised up 2.5% contraction in the prior month. In March, production growth picked up for mining & quarrying (10.4% YoY compared to 5% YoY in February). Meanwhile, manufacturing output rebounded in March (2.5% YoY after a 2.8% YoY […] Read more

Norway inflation eases to lowest level since September 2023

Norway’s annual consumer price inflation has decelerated to 3.6% in April from 3.9% in March, the latest data by Statistics Norway showed. In comparison, a consensus of analyst estimates had pointed to an annual rate of 3.4%. It has been the lowest CPI inflation rate since September 2023. In April, inflation slowed for housing & […] Read more

Honda forecasts 3% surge in full-year profit

Honda Motor Co Ltd (TSE: 7267) on Friday forecast a 3% surge in operating profit for its current fiscal year. Honda said it expected an increase in full-year operating profit to JPY 1.42 trillion. The latter compares with a median estimate of JPY 1.39 trillion in a LSEG poll of 22 analysts. In the three […] Read more

Bank of England maintains policy rate at 16-year high

The Bank of England left its benchmark interest rate unchanged at a 16-year high of 5.25% at its policy meeting in May, in line with market expectations. Yet, it became clear that two Monetary Policy Committee members had voted in favor of a 25 basis point rate cut. Borrowing costs have now been left on […] Read more

TXO Partners announces quarterly distribution of $0.65

TXO Energy Partners (NYSE: TXO) said this week its Board of Directors had authorized a quarterly cash dividend of $0.65 per share of common stock. The dividend will be paid on May 29th to shareholders of record as of the close of business on May 20th 2024, the company said. “Our first quarter performance highlights […] Read more

IDEX Corp announces quarterly cash dividend of $0.69

IDEX Corp (NYSE: IEX) said this week its Board of Directors had authorized a regular quarterly cash dividend of $0.69 per share of common stock. The dividend will be paid on May 31st to shareholders of record as of the close of business on May 17th 2024, the company said. This marked IDEX Corp’s 118th […] Read more

Norway’s manufacturing production rebounds in March

Manufacturing production in Norway was reported to have increased at a monthly rate of 5.4% in March, while rebounding from a revised down 1% slump in February. In March, production rebounded for textiles, wearing apparel & leather (8.7% month-over-month after a 0.5% drop in February), refined petroleum, chemicals & pharmaceuticals (5.8% month-over-month after a 5.2% […] Read more

Italy’s retail sales surprisingly stall in March

Retail sales in Italy unexpectedly stalled from a month ago in March following a 0.2% increase in February, the latest data by the National Institute of Statistics showed. In comparison, a consensus of analyst estimates had pointed to a 0.2% rise. Italy’s latest figure came in contrast with a 0.8% sales growth in the Euro […] Read more

Sweden’s Riksbank cuts policy rate by 25 bps, SEK retreats

The Swedish Krona weakened sharply against the Euro on Wednesday, after Riksbank cut its benchmark policy rate by 25 basis points to 3.75% at its May policy meeting, in line with market consensus. It has been the first rate cut since 2016, which followed the tightening cycle that began two years ago. With CPI inflation […] Read more