January 9, 2025 7:35 am
UBS has upgraded Digital Realty Trust Inc (NYSE: DLR) from “Neutral” to “Buy”, as it sees potential for further upside for the stock on the back of continued robust demand for data center services. The investment bank also raised its 12-month price target from $147 per share to $205 per share. “After years of stable […]
Read moreJanuary 8, 2025 9:43 am
Sweden’s annual consumer inflation has eased to its lowest level since December 2020 in December last year. The inflation rate slowed to 0.8% in December from 1.6% in the prior three months, the latest data by Statistics Sweden showed. Market consensus had pointed to a lesser slowdown, to 1%. Sweden’s consumer price index with a […]
Read moreJanuary 8, 2025 7:50 am
New orders received by German manufacturers have shrunk at the steepest monthly rate since August in November. Factory orders dropped 5.4% month-over-month in November, compared to a 1.5% slump in October and market consensus of zero growth. The latest figure was mostly driven by a 58.4% drop in orders for aircraft, ships and trains, data […]
Read moreJanuary 7, 2025 2:05 pm
Foreign exchange reserves in Singapore have risen to SGD 506.71 billion in December from SGD 505.74 billion in November, the latest data by the Monetary Authority of Singapore showed. The latest figure was mostly driven by increases in: – Gold & Foreign Exchange (SGD 496.54 billion up from SGD 495.64 billion in November); – Special […]
Read moreJanuary 7, 2025 8:42 am
Manufacturing production in Norway was reported to have increased at a monthly rate of 1.1% in November, while recovering after three straight months of declines, data by Statistics Norway showed. In November, production rebounded for: – textiles, wearing apparel, leather (5.8% after a 5.6% drop in October); – paper and paper products (1.2% after a […]
Read moreJanuary 6, 2025 4:43 pm
Retail sales in Switzerland were reported to have risen at the slowest annual rate since June in November. Retail sales went up 0.8% year-on-year in November, while slowing from a revised up 1.5% rise in October, the latest data by the Swiss Federal Statistical Office showed. The actual figure fell short of market consensus of […]
Read moreJanuary 6, 2025 11:03 am
The PNC Financial Services Group Inc (NYSE: PNC) said on Friday that its Board of Directors had authorized a quarterly cash dividend of $1.60 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on February 5th to shareholders of record as of the […]
Read moreJanuary 6, 2025 9:28 am
Spot Gold edged lower on Monday due to likely profit-taking after last week’s 0.67% surge, as market focus sets on a slew of key US macro data releases for more guidance on the Federal Reserve’s interest rate trajectory. The ADP employment growth, job openings and the Non-Farm Payrolls reports this week may offer more insight […]
Read moreJanuary 5, 2025 3:18 pm
India’s foreign exchange reserves have eased to their lowest level since April. Foreign exchange reserves held by the Reserve Bank of India decreased to $640 billion in the last week of 2024, the latest data showed. This has extended the drop from the record high of $704.9 billion registered in the last week of September. […]
Read moreJanuary 5, 2025 9:34 am
The seasonally adjusted jobless rate in Germany was reported at 6.1% for a third straight month in December, official data showed. It has remained the highest jobless rate in the EU’s largest economy since February 2021. The number of unemployed persons in the country rose by 10,000 to 2.869 million in December. “The winter break […]
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