January 4, 2024 9:01 am
France’s annual CPI inflation was reported to have risen to 3.7% in December from an almost 2-year low of 3.5% in November, preliminary data by INSEE showed. In comparison, market consensus had pointed to a sharper uptick to 3.8%. Higher inflation in December was mostly driven by higher cost of energy (up 5.6% year-on-year versus […]
Read moreJanuary 3, 2024 9:59 am
Germany’s seasonally adjusted unemployment rate was reported to have risen to 5.9% in December from a revised down 5.8% in November. It has been the highest rate of unemployment since May 2021, as the number of unemployed persons increased by 5,000 to a total of 2.703 million. Regional disparities continued to persist, as Bremen and […]
Read moreJanuary 2, 2024 9:25 am
Euro Area’s Manufacturing Purchasing Managers’ Index (PMI) was reported at a final 44.4 in December, slightly exceeding the preliminary reading of 44.2. Still, the index continued to be in contraction territory, as output and job losses persisted for a seventh straight month. On a more positive note, decreases in new orders and purchasing activity eased […]
Read moreJanuary 2, 2024 8:29 am
Singapore’s economy has expanded at an annual rate of 2.8% in the fourth quarter of 2023, preliminary data by Statistics Singapore showed. The figure marked the 12th consecutive quarter of positive economic growth and also the strongest rate of GDP expansion since Q3 2022. The data added to signs that Singapore’s recovery was gaining traction. […]
Read moreDecember 29, 2023 7:56 am
Annual consumer price inflation in South Korea has decelerated to 3.2% in December from 3.3% in November, data by Statistics Korea showed. It has been the lowest CPI inflation reading since June, mostly due to a slowdown in the cost of food. In comparison, market consensus had pointed to a slowdown to 3.26%. In month-over-month […]
Read moreDecember 28, 2023 8:24 am
Industrial production in Japan contracted at a monthly rate of 0.9% in November, reversing from a final 1.3% growth in October, preliminary data by the Ministry of Economy Trade & Industry showed. In comparison, market consensus had pointed to a steeper drop, by 1.6%. It has been the first output drop since August, mostly driven […]
Read moreDecember 22, 2023 8:08 am
The GBP/JPY currency pair was mostly firmer on Friday and on course for its first gain in four weeks, after the latest UK data revealed the strongest monthly growth in retail trade since January. Retail sales in the UK rose 1.3% month-over-month in November after zero growth in October and well above market consensus of […]
Read moreDecember 19, 2023 10:13 am
The annual inflation rate in the Euro Area was confirmed at 2.4% in November, final data showed, or the lowest level since July 2021. Prices increased at a slower rate for services (+4% YoY versus +4.6% YoY in October), non-energy industrial goods (2.9% YoY versus 3.5% YoY in October) and for food, alcohol and tobacco […]
Read moreDecember 19, 2023 8:55 am
Having pulled back from a 25-week high, the AUD/CAD currency pair firmed on Tuesday, as risk sentiment remained buoyant on prospects the Federal Reserve could begin a rate-cutting cycle next year. Meanwhile, the minutes of the Reserve Bank of Australia’s December 5th policy meeting showed board members had considered raising interest rates for a second […]
Read moreDecember 14, 2023 8:21 am
The Australian Dollar advanced to a fresh 25-week high against the British Pound on Thursday, after data showed Australia’s employment had risen at the sharpest rate since August in November. Employment levels rose by 61,500 to 14.26 million last month, far exceeding market consensus of an 11,000 gain. Part-time employment rose by 4,500 to 4.35 […]
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