Articles by: Miroslav Marinoff

Switzerland’s unemployment rate remains steady at 2.3%

Switzerland’s jobless rate has remained steady at 2.3% for a third straight month in July, data by the State Secretariat for Economic Affairs showed. The number of unemployed individuals rose by 3,198 to a four-month high of 107,716 in July. Switzerland’s youth unemployment rate, which tracks job-seekers aged between 15 and 24, rose to 2.2% […] Read more

Reserve Bank of Australia holds rate at 4.35% for sixth time

The Reserve Bank of Australia kept its cash rate without change at 4.35% at its August 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. The RBA cautioned that policy would need to […] Read more

Singapore’s retail sales drop 0.6% YoY in June

Singapore’s retail sales were reported to have decreased at an annualized rate of 0.6% in June, after a 2.2% surge in May. In June, sales went down for: – furniture & household equipment (-1.9% YoY versus a 1.1% YoY rise in May); – watches & jewelry (-1.7% YoY after a 7.4% YoY increase in May); […] Read more

Amgen Inc announces $2.25 quarterly dividend

Amgen Inc (NASDAQ: AMGN) said that its Board of Directors had authorized a regular quarterly cash dividend of $2.25 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on September 6th to shareholders of record as of the close of business on August […] Read more

Ryerson Holding Corp buys Production Metals

Ryerson Holding Corporation (NYSE: RYI) said that it had acquired Production Metals LLC, a distributor of aluminum, stainless and specialty steels. Headquartered in Monroe, Connecticut, Production Metals serves clients in New England and the surrounding area with bar, tube, sheet and plate products alongside precision sawing, lasering and water jet cutting. “On behalf of all […] Read more

Subaru of America reports 2.6% YoY surge in July vehicle sales

Subaru of America Inc reported this week 51,702 vehicle sales for the month of July. The latter represents a 2.6% increase over July 2023. Year-to-date sales stood at 374,145 vehicles, or a 5.5% surge compared to the same period of 2023. Crosstrek was the top-selling model, while it also registered its best July ever. As […] Read more

Switzerland’s CPI inflation stable at 1.3% in July

Annual consumer price inflation in Switzerland has remained stable at 1.3% in July, the latest data by the Swiss Federal Statistical Office showed. The latest CPI figure came in line with market consensus. In July, prices were lower for: – clothing & footwear (-1.8% YoY versus -2% YoY in June); – household goods & services […] Read more

Spot Gold scales two-week peak as Fed rate cut bets rise

Spot Gold scaled a fresh two-week peak of $2,468.53 per troy ounce on Friday and looked set for its largest weekly gain since early April, as disappointing US macro data reinforced expectations of a rate cut by the Federal Reserve in September. Recent data showed that US manufacturing activity had shrunk at a faster rate […] Read more

Euro Area unemployment rate edges up to 6.5% in June

The jobless rate in the Euro Area was reported at 6.5% in June, up from an all-time low of 6.4% in May. In comparison, market consensus had pointed to a rate of 6.4%. In June, the number of unemployed persons increased by 41,000 from the preceding month to 11.122 million, data by Eurostat showed. Euro […] Read more

Spot Silver scales 1-week peak as Fed hints at September cut

Spot Silver scaled a one-week peak of $29.159 per troy ounce on Thursday, after Federal Reserve Chair Jerome Powell said a rate cut in September could be on the table if the economy followed its expected path. The Federal Reserve left its federal funds rate target range without change at a 23-year high of 5.25%-5.50% […] Read more