November 29, 2024 11:28 am
Switzerland’s economy has expanded 0.4% quarter-on-quarter in Q3 of 2024, while decelerating from a 0.6% growth in Q2, data by the State Secretariat for Economic Affairs showed. The latest figure came in line with market consensus. The nation’s growth was driven by strong performance in sectors such as: – real estate, professional and technical activities, […]
Read moreNovember 29, 2024 9:05 am
Retail sales in Germany dropped at a monthly rate of 1.5% in October, after a revised up 1.6% surge in September, the latest data by the Federal Statistical Office showed. In comparison, a consensus of analyst estimates had pointed to a much smaller decrease, by 0.3%. In October, non-food sales went down 2.2% over the […]
Read moreNovember 28, 2024 2:50 pm
An indicator of business confidence in Sweden has risen to its highest level since August 2022 in November, data by the National Institute of Economic Research showed. The business confidence gauge came in at a reading of 98.3 in November, while improving from a revised up 95.2 in October. Yet, the indicator has remained below […]
Read moreNovember 28, 2024 8:28 am
The South Korean Won retreated against the US Dollar and South Korean 10-year Treasury yield fell to lowest level since March 2022, after the Bank of Korea cut interest rates for a second straight policy meeting in November, confounding market expectations of a pause. The Bank of Korea lowered its base rate by 25 basis […]
Read moreNovember 25, 2024 10:01 am
New Zealand reported a trade deficit of NZD 1.5 billion in October, which compares with a NZD 1.7 billion trade gap in the same month of 2023. Total exports surged 7.5% year-on-year to NZD 5.8 billion in October. That reflected higher shipments of: – fruit (314% YoY); – precious metals, jewelry and coins (77% YoY); […]
Read moreNovember 25, 2024 9:09 am
The euro’s brief reaction to Friday’s sharp decline has lost steam, with the currency trading below the 1.05 level it touched earlier on Monday. Despite the initial bounce, the euro’s gains are uncertain, as the underlying concerns about the European economy persist. Friday’s disappointing data on the services and manufacturing sectors in the eurozone has […]
Read moreNovember 24, 2024 11:47 am
Singapore’s Ministry of Trade and Industry has raised its full-year 2024 GDP growth forecast to “around 3.5%” from a prior range of 2% to 3%. The revision came after the latest official data showed that the Singaporean economy had expanded at an annualized rate of 5.4% in the third quarter of 2024. The latest figure […]
Read moreNovember 23, 2024 9:00 am
The EUR/USD currency pair has broken down from its two-year trading range, driven by softer-than-expected eurozone PMI numbers. This move is expected to continue, with a lower EUR/USD remaining a conviction call. The European Central Bank (ECB) is likely to cut interest rates again to support the eurozone economy, which will further widen the US-eurozone […]
Read moreNovember 22, 2024 12:51 pm
Retail sales in the United Kingdom have shrunk at a monthly rate of 0.7% in October, after a revised down 0.1% increase in September, data by the Office for National Statistics showed. The drop in sales was steeper than what market experts had expected (a 0.3% fall). Low consumer confidence and uncertainty over the Budget […]
Read moreNovember 22, 2024 8:49 am
The USD/MYR currency pair remained confined within a narrow range on Friday, following the release of Malaysian CPI data for October. Meanwhile, investors continued to weigh geopolitical situation as Russia lowered its threshold for using nuclear weapons and launched a hypersonic intermediate-range ballistic missile on Ukrainian territory. Concerns over further escalation of the Russia-Ukraine conflict […]
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