October 7, 2024 6:58 am
The USD/NOK currency pair traded within striking distance of a three-week high of 10.6977 on Monday, as the greenback maintained gains after a robust employment report that pointed to a resilient economy and urged market players to reduce bets of an out-sized Federal Reserve rate cut in November. Data showed last Friday that the US […]
Read moreOctober 5, 2024 12:19 pm
Retail sales in Italy unexpectedly shrank in August, the latest data by the National Institute of Statistics showed. Sales dropped 0.5% from a month ago in August, while offsetting a 0.5% surge in July. In comparison, a consensus of analyst estimates had pointed to a 0.2% rise. In August, retail turnover for non-food items dropped […]
Read moreOctober 4, 2024 8:51 am
The USD/SGD currency pair was mostly flat on Friday, trading not far from a two-week high of 1.2984, as concerns over rising geopolitical risks and the potential impact on global economic growth weighed on market sentiment. Yesterday US President Joe Biden abstained from directly condemning the potential for Israel to target Iran, while Tel Aviv […]
Read moreOctober 3, 2024 10:24 am
Sweden’s services sector has contracted in September, the latest data by Swedbank showed. The Services Purchasing Managers’ Index was reported at a reading of 49.1 in September, down from a revised down 52.4 in August. It pointed to the first contraction in activity since May. The sub-indexes of new orders (49.9 versus 53.6 in August), […]
Read moreOctober 3, 2024 7:01 am
Annual consumer price inflation in Switzerland has eased to 0.8% in September from 1.1% in August, the latest data by the Swiss Federal Statistical Office showed. The latest CPI figure came below market consensus of 1.1%. It also pointed to the lowest annual rate since September 2021. In September, prices were lower for: – food […]
Read moreSeptember 29, 2024 10:45 am
Annual producer inflation in South Africa has eased to 2.8% in August from 4.2% in July, data by Statistics South Africa showed. It has been the lowest annual rate in more than a year. Last month, inflation slowed mostly for coke, petroleum, chemical, rubber and plastic products (2.1% YoY from 5% YoY in July). Price […]
Read moreSeptember 28, 2024 2:06 pm
Retail sales in Norway have increased 0.1% in August over July, the latest data by Statistics Norway showed. The latter followed a 1.2% rise in July and fell short of market consensus of a 0.6% surge. Retail sales growth slowed markedly at non-specialized stores, 0.8% month-over-month, following a 1.7% rise in July. Sales of automotive […]
Read moreSeptember 28, 2024 10:16 am
Consumer morale in Italy has improved in September, data by the National Institute of Statistics showed. The gauge of consumer confidence came in at a reading of 98.3 in September, while rebounding from an eight-month low of 96.1 in August. The sub-index of personal climate rose to 96.3 in September from 93.8 in August, while […]
Read moreSeptember 26, 2024 9:51 am
Sweden reported a trade deficit of SEK 5.3 billion in August, which compares with a shortfall of SEK 7.8 billion in the same month of 2023. Market consensus had pointed to a SEK 5.9 billion surplus. The nation’s total exports shrank 5.1% year-on-year to SEK 150.3 billion in August, data by Statistics Sweden showed. The […]
Read moreSeptember 26, 2024 7:21 am
Singapore’s manufacturing output has increased at an annualized rate of 21% in August, while picking up from a 2% growth in July. It has been the fastest rate of growth since June 2021. The latest data far exceeded market consensus of a 9.6% growth. In August, production of electronics surged sharply, by 49.1% YoY after […]
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