November 21, 2024 2:12 pm
The EUR/USD currency pair is under pressure, falling below 1.0500, as European Central Bank (ECB) officials express concerns about the growing risks to Eurozone economic growth. ECB policymaker François Villeroy de Galhau has called for more rate cuts, citing a shift in the balance of risks to inflation and growth to the downside. The US […]
Read moreNovember 20, 2024 10:44 am
Annual consumer price inflation in South Africa has eased to 2.8% in October from 3.8% in September, data by Statistics South Africa showed. It has been the lowest inflation rate in four years mostly as a result of a drop in fuel prices. Cost of petrol and diesel plummeted 19.1% year-on-year in October. In addition, […]
Read moreNovember 19, 2024 8:01 am
Switzerland reported a record high trade surplus in the amount of CHF 5.97 billion in October, data by the Federal Customs Administration showed. That compares with a surplus of CHF 4.03 billion in September. The nation’s total exports went up 10.2% month-over-month to CHF 24.4 billion in October. The latter reflected higher shipments of: – […]
Read moreNovember 18, 2024 5:26 pm
Singapore’s non-oil domestic exports were reported to have shrunk 4.6% year-on-year in October, following a revised down 0.9% surge in September. It has been the first drop in the country’s non-oil domestic exports since June. In October, non-electronic shipments went down 6.7% YoY, after a 1.4% increase in September. The drop was mostly due to […]
Read moreNovember 16, 2024 1:23 pm
The rate of unemployment in Sweden was reported at 7.8% in October, up from 7.2% in the same month of the preceding year. The number of unemployed persons went up by 22,000 to 438,000, data by Statistics Sweden showed. In the meantime, the number of employed individuals dropped by 45,000 to 5.192 million in October. […]
Read moreNovember 15, 2024 12:19 pm
Wholesale prices in Germany have decreased at an annualized rate of 0.8% in October, data by the Federal Statistical Office showed. The latter has been a slowdown from a 1.6% drop in the prior month. October marked the 18th consecutive month of decreasing producer prices, but the pace has been the softest since July. Last […]
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