July 17, 2024 11:43 am
South Africa’s retail sales were reported to have risen at an annualized rate of 0.8% in May, following a revised up 0.7% growth in April. In May, sales rose at a faster rate at general dealers (1.7% YoY compared to 0.4% YoY in April). Meanwhile, sales rebounded for food, beverages & tobacco (4.4% YoY after […]
Read moreJuly 17, 2024 9:14 am
The annual CPI inflation rate in the Euro Area was confirmed at 2.5% in June, while easing from 2.6% in May. A year earlier, CPI inflation stood at 5.5%. In June, inflation eased for energy (0.2% YoY versus 0.3% YoY in May) and for food, alcohol and tobacco (2.4% YoY versus 2.6% YoY in May). […]
Read moreJuly 17, 2024 6:54 am
Singapore’s non-oil domestic exports were reported to have dropped 8.7% year-on-year in June, while marking the fifth straight month of decline. The data followed a revised 0.7% contraction in May. A consensus of analyst estimates had pointed to a much slower drop, by 1.2% YoY. In June, shipments of electronic products shrank 9.5% YoY, following […]
Read moreJuly 16, 2024 10:52 am
Trinity Capital Inc (NASDAQ: TRIN), a provider of diversified financial solutions to growth-oriented business customers, said on Monday that it had committed $15 million in growth capital to Velentium. Headquartered in Houston, Velentium designs, develops, manufactures and provides post-market support for medical devices – active implantable and wearable devices in particular. “Velentium brings unique capabilities […]
Read moreJuly 16, 2024 8:50 am
SolarEdge Technologies Inc (NASDAQ: SEDG) said on Monday that it intended to dismiss 400 employees, with 200 of them being based in Israel, as it seeks to restore profitability. The move is to affect all departments and includes cuts in both headcount and discretionary spending, the company said. As of December 31st 2023, SolarEdge Technologies […]
Read moreJuly 16, 2024 6:43 am
Spot Gold edged higher on Tuesday, while holding near highs not seen since May 20th, as remarks by Federal Reserve Chair Jerome Powell reinforced the case for a rate cut in September. Yesterday the Fed Chair said that the three US inflation readings during the second quarter of 2024 “add somewhat to confidence” inflation is […]
Read moreJuly 15, 2024 10:41 am
Industrial production in the Euro Area was reported to have shrunk 0.6% month-over-month in May, following a flat reading in April. In comparison, market consensus had pointed to a 1% contraction. In May, output dropped for intermediate goods (-1% versus -0.3% in April), capital goods (-1.2% versus a 0.7% rise in April) and durable consumer […]
Read moreJuly 15, 2024 7:53 am
The US Dollar was broadly stronger against major peers on Monday, as bets on a victory by Donald Trump in the coming US elections increased following an assassination attempt against the former US President. The USD/CHF currency pair was last up 0.10% on the day to trade at 0.8954. The major Forex pair had earlier […]
Read moreJuly 12, 2024 1:27 pm
Wholesale prices in Germany have decreased at an annualized rate of 0.6% in June, data by the Federal Statistical Office showed. The latter has been a slowdown from a 0.7% drop in May. June marked the 14th consecutive month of decreasing producer prices, but the pace has been the softest in the sequence. Last month, […]
Read moreJuly 12, 2024 8:05 am
T. Rowe Price Group Inc (NASDAQ: TROW) on Thursday reported a 1.75% month-over-month surge in its assets under management (AUM) to $1.569 trillion as of June 30th, according to preliminary figures. Net outflows stood at $2.6 billion for June alone and at $3.7 billion for the quarter ended on June 30th, the firm said. Equity […]
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