June 27, 2024 8:59 am
The Swedish Krona weakened against the Euro on Thursday, after Riksbank left its benchmark policy rate without change at 3.75% at its June meeting, in line with market consensus. The decision came after in May Riksbank had delivered the first rate cut since 2016. The central bank noted that inflation was approaching the 2% objective, […]
Read moreJune 27, 2024 6:56 am
The seasonally adjusted unemployment rate in Norway was reported to have decreased to 4.1% in May from a 3-month high of 4.3% in April. The number of unemployed individuals dropped by 7,000 from the prior month to 123,000, data by Statistics Norway showed. At the same time, the number of employed individuals decreased by 4,000 […]
Read moreJune 26, 2024 2:13 pm
The investors’ sentiment index for Switzerland was reported to have decreased to a level of 17.5 in May from a 2 1/2-year high of 18.2 in April. According to UBS, which collaborates with the CFA Society Switzerland to publish the data, participants in the survey were mostly concerned about the approaching elections in France and […]
Read moreJune 26, 2024 11:05 am
Singapore’s manufacturing output has increased at an annualized rate of 2.9% in May, while rebounding from a 1.2% drop in April. The latest data exceeded market consensus of a 2% growth. In May, production rebounded for electronics (20.1% YoY after a 1.1% YoY slump in April). In the meantime, output growth picked up for chemicals […]
Read moreJune 24, 2024 1:59 pm
The Ifo Business Climate gauge for Germany surprisingly dropped to a reading of 88.6 in June from 89.3 in May. The latest reading also came below market consensus of 89.7. The sub-index of business expectations decreased to a level of 89 in June from 90.4 in May. At the same time, the sub-index of current […]
Read moreJune 24, 2024 10:51 am
Switzerland reported a larger surplus from a year ago on its current account during the first quarter of 2024. The current account surplus grew to CHF 16.1 billion in Q1 from CHF 10.8 billion in the respective period last year, data by the Swiss National Bank showed. The goods surplus widened to CHF 31.2 billion […]
Read moreJune 24, 2024 8:58 am
Annual consumer inflation in Singapore has picked up to 3.1% in May from 2.7% in April, data by Statistics Singapore showed. The actual figure exceeded market consensus of 3%. Last month, inflation accelerated for transport (2.9% YoY versus 0.9% YoY in April) and recreation & culture (5% YoY versus 4.5% YoY in April). Food prices […]
Read moreJune 23, 2024 3:16 pm
Retail sales in Canada were reported to have risen at a monthly rate of 0.7% in April, or the sharpest in a year. This reversed a 0.3% fall in March. In April, sales were underpinned by a 4.5% surge in purchases at gas stations, since higher prices magnified the 1.7% increase in sold volumes. Retail […]
Read moreJune 23, 2024 8:06 am
Foreign direct investment in China decreased 28.2% year-on-year to 412.5 billion yuan in the period January to May 2024. It has been a record drop for the first five months of the year, according to the Ministry of Commerce of the People’s Republic of China. 50.41 billion yuan were invested in the high-tech manufacturing industries, […]
Read moreJune 22, 2024 1:17 pm
Germany’s factory activity has shrunk at a much faster pace than expected in June, preliminary data by S&P Global showed. The HCOB Germany Manufacturing PMI came in at 43.4 in June, down from 45.4 in May. In comparison, market consensus had pointed to a reading of 46.4. In June, production contracted the most in three […]
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