June 16, 2024 7:44 am
Manufacturing sales in Canada rose at a monthly rate of 1.1% in April, compared with a preliminary estimate of a 1.2% growth, and following a revised up 1.8% decline in March. An increase in sales was observed in 12 out of the 21 subsectors, led by primary metals (+4.7%), transportation equipment (+4.1%) and chemical products […]
Read moreJune 15, 2024 4:21 pm
Annual food inflation in New Zealand has eased to 0.2% in May from 0.8% in April, data by Statistics New Zealand showed. It has pointed to the smallest increase in food prices since September 2018. Prices of fruit and vegetables plummeted 11.4% year-on-year in May, following a 1.1% drop in April. In addition, prices of […]
Read moreJune 15, 2024 11:40 am
Sweden’s annual consumer inflation has eased to 3.7% in May from 3.9% in April, the latest data by Statistics Sweden showed. It has been the lowest inflation rate since January 2022. In comparison, market consensus had pointed to a bigger slowdown to 3.5%. In May, prices moderated for housing & utilities (7.5% YoY versus 8.6% […]
Read moreJune 14, 2024 12:31 pm
India reported a merchandise trade deficit of $23.8 billion in May, which was an increase from the trade gap a year earlier. The latest figure marked the largest shortfall since October 2023. India has been running consistent trade deficits for the past four decades due to a surge in imports of mineral fuels, oils, waxes […]
Read moreJune 14, 2024 9:46 am
Italy reported a trade surplus of EUR 4.807 billion in April, which compares with a EUR 0.362 billion surplus in April 2023. The latest figure exceeded market expectations of EUR 4.25 billion. Prices of essential commodities for the local economy have dropped since the beginning of Russia’s special military operation in Ukraine, while restricting turnover […]
Read moreJune 14, 2024 7:29 am
Export prices in South Korea rose at an annual rate of 7.5% in May, data by the Bank of Korea showed, after a revised up 6.5% increase in April. It has been the most significant YoY surge in export prices since November 2022. In May, prices went up at a faster rate for manufacturing products […]
Read moreJune 13, 2024 4:55 pm
Gold production in South Africa was reported to have contracted 1.7% year-on-year in April, or at a slower rate compared to the prior month (-4.3% YoY). April has been the sixth straight month of output decline, but the pace has been the softest since September 2023. That performance contributed negatively to the volume of mining […]
Read moreJune 13, 2024 10:58 am
Core & Main Inc (NYSE: CNM) said on Wednesday that its Board of Directors had authorized the repurchase of up to $500 million of the company’s outstanding shares of Class A common stock. ”We remain confident in our ability to grow faster than our end markets, while expanding profitability and generating strong cash flow. Today’s […]
Read moreJune 13, 2024 9:05 am
Johnson Controls International PLC (NYSE: JCI), a global leader in smart, healthy and sustainable buildings, said this week its Board of Directors had authorized a regular quarterly cash dividend of $0.37 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on July 19th […]
Read moreJune 13, 2024 7:28 am
Spot Gold retreated on Thursday after the Federal Reserve indicated just one interest rate cut this year, compared to three rate cuts projected in March, as inflation still remains elevated. The US central bank left its federal funds rate target range without change at a 23-year high of 5.25%-5.50% for the seventh straight policy meeting […]
Read more
