October 18, 2024 7:45 am
China’s economy has expanded at the slowest annual rate since Q1 2023 in the third quarter of 2024, the latest data by the National Bureau of Statistics of China showed. China’s GDP grew 4.6% year-on-year in Q3, while slowing from a 4.7% expansion in Q2. Market consensus had pointed to 4.5% YoY growth. Growth has […]
Read moreOctober 17, 2024 8:42 am
The EUR/CHF currency pair traded within a tight range on Thursday after Swiss trade data and as focus sets on the outcome of the European Central Bank’s policy meeting later today. The European Central Bank is largely expected to lower its main refinancing operations rate by 25 basis points to 3.40% at its October policy […]
Read moreOctober 17, 2024 6:58 am
The EUR/AUD currency pair edged lower on Thursday after Australian employment data and as focus sets on the outcome of the European Central Bank’s policy meeting later today. The European Central Bank is largely expected to lower its main refinancing operations rate by 25 basis points to 3.40% at its October policy meeting, while its […]
Read moreOctober 15, 2024 2:15 pm
Germany’s ZEW Indicator of Economic Sentiment was reported at a level of 13.1 in October from 3.6 in September. The latter has been the lowest reading since October 2023. The figure exceeded a consensus of analyst estimates of 10. The latest result was mostly attributed to “expectation of stable inflation rates and the associated prospect […]
Read moreOctober 15, 2024 10:30 am
The USD/CAD currency pair scaled a fresh 10-week peak of 1.3814 on Tuesday ahead of the Canadian CPI report and as expectations that the Federal Reserve will likely reduce interest rates at a more modest pace kept the US Dollar supported. Yesterday Fed Governor Christopher Waller called for “more caution” regarding future interest rate cuts. […]
Read moreOctober 15, 2024 8:47 am
The GBP/USD currency pair continued to trade not far from recent 1-month low of 1.3011, as expectations that the Federal Reserve will likely reduce interest rates gradually after the 50 basis point cut in September kept the US Dollar supported. “The rise in U.S. long-term yields, the consequent re-widening of interest rate differentials in favor […]
Read moreOctober 15, 2024 7:14 am
The GBP/CAD currency pair was little changed near a two-week high of 1.8035 on Tuesday, after data showed that UK core wage growth had been the slowest since the three months to June 2022. Regular pay, excluding bonuses, rose 4.9% year-on-year to GBP 648 per week in the three months to August, after a 5.1% […]
Read moreOctober 14, 2024 12:24 pm
Singapore’s economy has grown at an annualized rate of 4.1% in the third quarter of 2024, preliminary data by Statistics Singapore showed. The figure followed a 2.9% YoY growth in the second quarter. In Q3, economic growth was mostly underpinned by a 6.6% expansion in Singapore’s goods producing industries. The manufacturing sector grew 7.5% YoY, […]
Read moreOctober 14, 2024 7:09 am
Annual consumer price inflation in China has eased to 0.4% in September from 0.6% in August, the latest data by the National Bureau of Statistics of China showed. It has been the lowest inflation rate since June, which underscored the need for further policy support measures by the government to tackle deflation risks. Non-food costs […]
Read moreOctober 13, 2024 11:56 am
The UK economy has expanded at a monthly rate of 0.2% in August, after recording zero growth in the prior two months, data by the Office for National Statistics showed. The services sector grew 0.1% in August, supported by expansion in: – accounting, bookkeeping and auditing (+4.3% month-over-month); – scientific research and development (+2.8% month-over-month); […]
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