June 21, 2024 4:03 pm
Existing home sales in the United States decreased 0.7% from a month ago to a seasonally adjusted annualized rate of 4.11 million units in May. The latter has been the lowest level since January and compares with 4.14 million units in April. Meanwhile, the median sales price rose to a new record high of $419,300, […]
Read moreJune 21, 2024 8:40 am
Annual consumer price inflation in Japan has picked up to 2.8% in May from 2.5% in April, the latest data by the Ministry of Internal Affairs & Communications showed. It has been the highest inflation rate since February. Since energy subsidies fully ended, electricity prices surged sharply in May, by 14.7% year-on-year, as they reversed […]
Read moreJune 21, 2024 7:11 am
The level of consumer confidence in the Euro Area has been the highest since February 2022 in June, the preliminary data by the European Commission showed. The gauge of consumer confidence was reported at -14 in June, up from -14.3 in the preceding month. In comparison, market consensus had pointed to an improvement to -13.6. […]
Read moreJune 20, 2024 2:03 pm
Manufacturing activity in Philadelphia has slowed for a second straight month in June, the latest data showed. The Philadelphia Fed Manufacturing Index was reported at a reading of 1.3 in June, down from 4.5 in May. In comparison, market consensus had pointed to an improvement in activity (a reading of 5). In June, the gauge […]
Read moreJune 20, 2024 10:47 am
The Norges Bank has kept its benchmark interest rate without change at a 16-year high of 4.5% for a fourth straight policy meeting in June, in line with market consensus. The central bank noted the policy rate would likely remain at that level throughout the rest of this year. Norges Bank said that monetary policy […]
Read moreJune 20, 2024 8:35 am
The Swiss National Bank cut its benchmark policy rate by 25 basis points to 1.25% at its June meeting, as it cited easing underlying inflationary pressure. The move, which came in line with market consensus, followed another 25 bps cut in March. At present, Swiss inflation is mostly driven by higher cost of domestic services, […]
Read moreJune 19, 2024 2:02 pm
The rate of unemployment in Sweden was reported at 8.7% in May, up from 7.9% in the same month of the preceding year. The number of unemployed persons went up by 41,000 from May 2023 to 496,000, data by Statistics Sweden showed on Wednesday. In the meantime, the number of employed individuals dropped by 112,000 […]
Read moreJune 18, 2024 1:55 pm
Singapore’s non-oil domestic exports were reported to have dropped 0.1% year-on-year in May, while marking the fourth straight month of decline. Yet, the pace has been the slowest in 20 months. It came after a 9.6% YoY slump in April. A consensus of analyst estimates had pointed to a 0.9% YoY drop. In May, sales […]
Read moreJune 18, 2024 8:56 am
Housing starts in Canada were reported to have increased 10% month-over-month to 264,506 units in May. It has marked the highest number of housing starts since October 2023. In comparison, market consensus had pointed to a level of 247,000 units. The May seasonally adjusted annual rate (SAAR) of total urban housing starts rose 11% to […]
Read moreJune 18, 2024 6:59 am
The Reserve Bank of Australia kept its cash rate without change at 4.35% at its June policy meeting, in line with market expectations. The central bank noted that inflation still remained above the midpoint of its 2%–3% target range, mostly because of the still-high cost of services. Recent macroeconomic figures have suggested the RBA will […]
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