December 26, 2024 11:05 am
Producer prices in Spain have snapped a 20-month streak of declines in November. Prices went up 0.9% year-on-year in November, following a 3.9% YoY drop in October. Energy prices rebounded in November, rising 2.4% YoY, after a 12.9% YoY decrease in October, data by the National Statistics Institute showed. Prices in the country continued to […]
Read moreDecember 23, 2024 1:29 pm
An indicator of investors’ sentiment in Switzerland has been reported in negative territory for a fifth consecutive month in December. The gauge came in at a reading of -20 in December, down from -12.4 in the prior month, data by UBS & CFA Society Switzerland showed. Participants in the survey have lowered their expectations for […]
Read moreDecember 23, 2024 9:35 am
The seasonally adjusted unemployment rate in Norway has decreased to 3.7% in November from 4% in October, data by Statistics Norway showed. It has been the lowest jobless rate since February. The number of unemployed individuals dropped by 11,000 from a month ago to 111,000 in November. At the same time, the number of employed […]
Read moreDecember 22, 2024 11:58 am
Annual consumer price inflation in Malaysia was reported to have eased to 1.8% in November from 1.9% in October, data by the Department of Statistics showed. Market consensus had pointed to an acceleration to 2.1%. Last month, inflation moderated for both transport (0.4% YoY down from 0.7% YoY in October) and healthcare (1.2% YoY down […]
Read moreDecember 21, 2024 4:56 pm
An indicator of business confidence in Sweden has risen to its highest level since August 2022 in December, data by the National Institute of Economic Research showed. The business confidence gauge came in at a reading of 100.6 in December, while improving from a revised up 98.6 in November. Sentiment among traders improved the most, […]
Read moreDecember 21, 2024 12:43 pm
The People’s Bank of China has kept benchmark lending rates at record low levels at the December fixing, in line with market consensus. The 1-year loan prime rate, a benchmark for the majority of corporate and household loans, was left at 3.1% in December. The 5-year loan prime rate, a reference for property mortgages, was […]
Read moreDecember 21, 2024 7:38 am
The general public’s domestic loan debt in Norway has grown at an annualized rate of 3.6% to NOK 7.51 billion at the end of November, data by Statistics Norway showed. The latter was a slowdown from 3.8% YoY in October. Municipal government loan debt increased 7.6% YoY in November, while easing from 9.2% YoY in […]
Read moreDecember 20, 2024 9:18 am
New Zealand reported a trade deficit of NZD 0.4 billion in November, which compares with a NZD 1.2 billion trade gap in the same month of 2023. Total exports surged 9.1% year-on-year to NZD 6.48 billion in November. That reflected higher shipments of: – fruit (162% YoY); – precious metals, jewelry and coins (51% YoY); […]
Read moreDecember 19, 2024 11:21 am
The USD/SGD currency pair traded in proximity to a fresh 7 1/2-month high of 1.3634 on Thursday, after the Federal Reserve signaled fewer rate cuts in 2025 due to robust GDP growth and persistent inflation. The central bank’s dot plot projections showed just two interest rate cuts next year, totaling 50 basis points. That compares […]
Read moreDecember 18, 2024 12:10 pm
The EUR/USD currency pair remained confined in a narrow trading range on Wednesday ahead of the outcome of the Federal Reserve’s two-day policy meeting. The Fed is widely expected to cut its federal funds rate target range by 25 basis points to 4.25%-4.50% later today. Still, investor focus will be on the extent of rate […]
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