January 31, 2024 8:23 am
Australia’s annual inflation rate was reported at 4.1% in the final quarter of 2023, while slowing from 5.4% in Q3. It has been the lowest inflation reading since the fourth quarter of 2021. In comparison, market consensus had pointed to a lesser drop – to 4.3%. Australia’s goods inflation decelerated for the fifth successive quarter, […]
Read moreJanuary 30, 2024 10:16 am
The Euro Area’s economy unexpectedly registered zero growth in the final quarter of 2023, a preliminary estimate showed, following a 0.1% contraction in the third quarter. In comparison, market consensus had pointed to a 0.1% GDP decrease. The bloc has avoided a recession, as Spain and Italy reported stronger-than-expected quarterly GDP growth – 0.6% and […]
Read moreJanuary 30, 2024 9:15 am
Germany’s economy shrank 0.3% QoQ in the fourth quarter of 2023, preliminary data by the Federal Statistical Office showed on Tuesday. It followed two consecutive quarters of stagnation. The latest figure came in line with market consensus. The EU’s largest economy grappled with the impact of surging prices and elevated interest rates, which particularly affected […]
Read moreJanuary 25, 2024 1:47 pm
The US economy grew at an annualized rate of 3.3% during the fourth quarter of 2023, while outstripping market consensus of a 2% growth, preliminary data showed. Consumer spending growth slowed (2.8% YoY versus 3.1% YoY in the third quarter), while consumption of services accelerated (2.4% YoY versus 2.2% YoY in Q3). Government spending also […]
Read moreJanuary 25, 2024 8:17 am
The EUR/CAD pair traded in proximity to a one-week high on Thursday, as focus sets on the outcome of the European Central Bank’s policy meeting later today. The ECB is largely expected to maintain interest rates steady at multi-year highs, but still, market players will be watching closely ECB President Christine Lagarde’s press conference for […]
Read moreJanuary 24, 2024 8:13 am
The South African Rand gained against the US Dollar, while pulling back from a three-month low, ahead of South African CPI inflation report and South African Reserve Bank’s (SARB) policy decision on Wednesday and Thursday respectively. The SARB is largely expected to leave its benchmark interest rate without change at 8.25% at its January meeting. […]
Read moreJanuary 23, 2024 10:12 am
Annual consumer inflation in Singapore surprisingly rose to 3.7% in December from a 25-month low of 3.6% in November, Statistics Singapore reported on Tuesday. In comparison, market consensus had pointed to a slowdown to 3.5%. Last month, inflation picked up for transport (3.9% YoY versus 2.8% YoY in November), and for recreation & culture (6.3% […]
Read moreJanuary 23, 2024 8:12 am
The Japanese Yen retreated to levels close to a more than 8-year low against the Sterling on Tuesday, after the Bank of Japan maintained its ultra-accommodative monetary policy at its January meeting. Later, the Yen pared initial losses. The BoJ left its benchmark short-term interest rate without change at -0.10% and also kept a 0% […]
Read moreJanuary 17, 2024 10:09 am
The annual inflation rate in the Euro Area was confirmed at 2.9% in December, final data by Eurostat showed on Wednesday. The latter was an uptick from a more than two-year low of 2.4% in November. It has also been the first acceleration in inflation since April 2023, mostly due to energy-related base effects. In […]
Read moreJanuary 17, 2024 8:30 am
Singapore’s non-oil domestic exports were reported to have shrunk 1.5% year-on-year in December, while confounding market consensus of a 3.3% growth. That followed a 1% YoY surge in November. Exports of electronic products decreased for the 17th consecutive month in December, by 11.7% year-on-year, driven by declines in PCs (-34.3% YoY), ICs and diodes (-7.9% […]
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