November 15, 2024 8:23 am
China’s industrial output has expanded at a slower annual rate than anticipated in October. Total production grew 5.3% year-on-year in October, while slowing from a 5.4% growth in September. In comparison, market consensus had pointed to a 5.6% YoY growth. October’s deceleration was mostly due to a sharp slowdown in electricity, heat, gas and water […]
Read moreNovember 14, 2024 9:44 am
Sweden’s annual consumer inflation has remained steady at 1.6% in October, the latest data by Statistics Sweden showed. It has been the lowest inflation rate since July 2021. In October, inflation slowed for: – food and non-alcoholic beverages (1.75% YoY from 2.11% YoY in September); – housing and utilities (3.29% YoY from 4.39% YoY in […]
Read moreNovember 12, 2024 8:53 am
Annual consumer price inflation in Germany has been confirmed at 2% in October, a final estimate by the Federal Statistical Office showed. It accelerated from 1.6% in September, which has been the lowest inflation rate since February 2021. October’s rate has been the highest since July, as inflation picked up for: – services (4% YoY […]
Read moreNovember 11, 2024 3:41 pm
Norway’s annual consumer price inflation has slowed to 2.6% in October from 3% in September, the latest data by Statistics Norway showed. Last month, price increase slowed for: – housing and utilities (4.5% YoY from 5.1% YoY in September); – furnishings, household equipment and routine maintenance (1.2% YoY from 2.3% YoY in September); – healthcare […]
Read moreNovember 10, 2024 12:59 pm
Switzerland’s consumer morale has improved in October from a year earlier, though at a lesser pace than expected. The index of consumer confidence came in at a reading of -37 in October, up from -52.5 in the same month a year ago. Market consensus had pointed to an improvement to -33. The sub-index of economic […]
Read moreNovember 10, 2024 11:44 am
Foreign exchange reserves in Singapore have risen to their highest level since March 2022 in October, the latest data by the Monetary Authority of Singapore showed. Foreign exchange reserves increased to SGD 507.6 billion in October from SGD 499.7 billion in September. The latest figure was mostly driven by increases in: – Special Drawing Rights […]
Read moreNovember 9, 2024 2:28 pm
Sweden’s industrial production has contracted 1% year-on-year in September, following a revised up 4.4% YoY drop in August, data by Statistics Sweden showed. September has been the sixth straight month of decreasing industrial activity. The nation’s manufacturing output shrank 0.7% YoY in September, after a 4.5% contraction in August. On the other hand, output at […]
Read moreNovember 9, 2024 11:44 am
Foreign exchange reserves in South Africa decreased to $63.028 billion in October from a record high of $63.633 billion in September, data by the South African Reserve Bank showed. Special Drawing Rights dropped to $6.310 billion in October from $6.427 billion in September, while foreign currency reserves shrank to $45.515 billion from $46.551 billion previously. […]
Read moreNovember 7, 2024 9:15 am
The GBP/SEK currency pair held not far from yesterday’s near 19-year high of 14.0408 on Thursday, after Sweden’s Riksbank reduced its key policy rate by 50 basis points to 2.75% at its November meeting, in line with market consensus. The Swedish central bank has cut borrowing costs four times this year, as it addressed easing […]
Read moreNovember 7, 2024 8:20 am
The GBP/USD currency pair rebounded from yesterday’s 12-week low of 1.2834 on Thursday – a level it touched after Republican Donald Trump’s victory in the US presidential election. Meanwhile, market focus now shifts towards major central banks’ policy meetings. Trump achieved victory over Democrat Vice President Kamala Harris, while Republicans also won a majority in […]
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