July 9, 2024 6:45 am
Consumer inflation expectations in the US for the upcoming 12 months have decreased for a second straight month in June, to 3% from 3.2% in May, the latest data by the Federal Reserve Bank of New York showed. US consumers now expect a lesser increase in prices for: – gas – down 0.5 percentage point […]
Read moreJuly 8, 2024 11:09 am
Foreign exchange reserves in Singapore have risen to a new more than two-year high in June, the latest data by the Monetary Authority of Singapore showed. Foreign exchange reserves grew to SGD 503.71 billion in June from SGD 500.86 billion in May. It has been the highest level of Forex reserves since April 2022. The […]
Read moreJuly 8, 2024 8:45 am
The total value of new home loans for owner-occupied homes in Australia unexpectedly shrank in May, by 2% month-over-month to AUD 18.13 billion, following a revised up 4.5% increase in April. In comparison, market consensus had pointed to a 2% growth in new home loans. In May, construction of dwellings contracted 0.7% after a 6% […]
Read moreJuly 8, 2024 7:22 am
Spot Silver retreated on Monday, but remained not far from last Friday’s one-month high of $31.49 per troy ounce, as soft US data reinforced prospects of an interest rate cut by the Federal Reserve later this year. Data showed last Friday that the unemployment rate in the United States had risen to 4.1% in June, […]
Read moreJuly 7, 2024 3:04 pm
Manufacturing production in Norway was reported to have increased at a monthly rate of 1.3% in May, while rebounding from a revised down 5.5% drop in April. Production rebounded for most components: – textiles, wearing apparel & leather (8.4% in May after a 15.4% drop in April); – printing & reproduction (1.3% in May after […]
Read moreJuly 7, 2024 11:23 am
Sweden’s economy grew at a monthly rate of 0.1% in May, after contracting 0.7% in April, data by Statistics Sweden showed. Yet, the nation’s “economic activity remained lower than in the first quarter. Household consumption expenditure continued to weaken while lower imports concerning goods held up GDP,” Mattias Kain Wyatt, economist at Statistics Sweden, said […]
Read moreJuly 6, 2024 1:14 pm
Singapore’s retail sales were reported to have increased at an annualized rate of 2.2% in May, while rebounding from a 1.2% drop in April. In May, sales rebounded for cosmetics, toiletries & medical goods (3.1% YoY after a 4.6% YoY slump in April), furniture & household equipment (1.2% YoY after a 2.4% YoY drop in […]
Read moreJuly 6, 2024 7:27 am
Foreign exchange reserves in South Africa expanded to $62.100 billion in June from $62.087 billion in May, data by the South African Reserve Bank showed. It has been the highest level of foreign exchange reserves since March. The nation’s foreign currency reserves grew to $46.46 billion in June from $46.42 billion in May. Special Drawing […]
Read moreJuly 5, 2024 10:46 am
Constellation Brands’ (NYSE: STZ) quarterly profit outstripped Wall Street estimates, driven by robust demand for its core beer brands, including Modelo Especial and Pacifico. Yet, the company’s wines and spirits business, along with the broader consumer industry, experienced a slowdown in the US. The company reported net sales of $2.66 billion in the quarter, which […]
Read moreJuly 5, 2024 7:19 am
Spot Gold firmed on Friday and looked set for a second consecutive weekly advance, with market focus setting on the key US Non-Farm Payrolls report, which may provide more clues on the Federal Reserve’s interest rate trajectory. Employers in all sectors of the US economy, excluding farming, probably added 190,000 job positions in June, according […]
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