July 31, 2024 6:43 am
The USD/JPY currency pair whipsawed on Wednesday, after the Bank of Japan raised its short-term interest rate to around 0.25% from a previous range of around 0% to 0.1%, which it set at its March meeting. The central bank also said it would reduce the monthly bond purchases to JPY 3 trillion in January-March 2026 […]
Read moreJuly 30, 2024 11:24 am
The Euro Area’s economy has expanded 0.3% quarter-on-quarter in Q2 of 2024, a preliminary estimate showed, or at the same pace as in the first quarter. The latest result outpaced market expectations of a 0.2% growth. In Q2, economies grew in: – Spain – by 0.8% QoQ; – Ireland – by 1.2% QoQ; – Lithuania […]
Read moreJuly 30, 2024 8:20 am
The unemployment rate in Japan was reported at 2.5% in June, down from 2.6% in the prior four months, data by the Ministry of Internal Affairs & Communications showed. It has been the lowest jobless rate since January. The number of unemployed persons went down by 60,000 to 1.76 million in June, while the number […]
Read moreJuly 29, 2024 12:14 pm
Retail sales in Switzerland were reported to have risen 0.4% year-on-year in May. That followed a revised down 2.2% surge in April, data by the Swiss Federal Statistical Office showed. The latest figure came in well below market consensus of a 2.5% rise. Sales of food products shrank 1.6% YoY in May, after a 1.2% […]
Read moreJuly 29, 2024 7:09 am
Producer prices in Singapore went up 4.3% year-on-year in June, the latest data by Statistics Singapore showed. That followed a revised 2.7% increase in May. It has been the sharpest year-on-year increase in domestic supply prices since November 2022. In June, prices rose at a faster rate for: – mineral fuels (11.4% YoY versus 10.1% […]
Read moreJuly 28, 2024 1:21 pm
Retail sales in Norway have decreased 5.1% in June over May, the latest data by Statistics Norway showed. The latter followed a revised up 4.7% growth in May. In June, sales were lower for: – food and beverages (-7.6% after a 6.3% surge in May); – other goods (-7.3% after a 7.7% increase in May); […]
Read moreJuly 28, 2024 11:57 am
Consumer morale in Italy has increased for a third straight month in July, data by the National Institute of Statistics showed. The gauge of consumer confidence came in at a reading of 98.9 in July, while improving from 98.3 in June. It has been the highest level of confidence since February 2022. Market consensus had […]
Read moreJuly 27, 2024 3:14 pm
The rate of unemployment in Sweden was reported at 9.4% in June, up from 9.3% in the same month of the preceding year. It has been the highest jobless rate since June 2021. The number of unemployed persons went up by 16,000 from June 2023 to 566,000, data by Statistics Sweden showed. In the meantime, […]
Read moreJuly 27, 2024 7:58 am
Annual producer inflation in South Africa has remained stable at 4.6% in June, data by Statistics South Africa showed. Last month, prices picked up for: – food, beverages & tobacco products (4% YoY from 3.8% YoY in May); – metals, machinery & computing equipment (5.7% YoY from 5.5% YoY in May). In the meantime, inflation […]
Read moreJuly 25, 2024 10:36 am
The Ifo Business Climate gauge for Germany decreased for a third straight month in July, data by the Ifo Institute showed. The index came in at a reading of 87 in July, down from 88.6 in June. It has been the gauge’s lowest level since February. The latest reading was also below market consensus of […]
Read more