Articles by: Miroslav Marinoff

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

Canada’s Ivey PMI reported at two-year high

Canada’s seasonally adjusted Ivey Purchasing Managers’ Index was reported at a reading of 63.0 in April, up from 57.5 in March. The latest PMI result exceeded a consensus of analyst estimates of 58.1 and has also been the highest in two years. The sub-index of prices was reported at its highest level since December, at […] Read more

Germany’s trade surplus expands to EUR 22.3 billion in March

Germany’s trade balance surplus has widened to EUR 22.3 billion in March from EUR 21.4 billion in February, the latest data by the Federal Statistical Office showed. In comparison, market consensus had pointed to a surplus of EUR 22.4 billion. Total exports went up 0.9% month-over-month to EUR 134.1 billion in March, while rebounding after […] Read more