May 22, 2024 8:59 am
The rate of unemployment in Sweden was reported at 8.9% in April, up from 7.5% in the same month of the preceding year. The number of unemployed persons went up by 87,000 from April 2023 to 513,000, data by Statistics Sweden showed on Wednesday. In the meantime, the number of employed individuals rose by 3,000 […]
Read moreMay 22, 2024 7:34 am
The NZD/CAD currency pair scaled a fresh 21-week peak on Wednesday, after the Reserve Bank of New Zealand raised its forecast for peak interest rates and pushed back potential rate cuts, citing persistently high inflation. The central bank left its official cash rate unchanged at 5.5% for a seventh consecutive policy meeting in May, in […]
Read moreMay 21, 2024 2:36 pm
Annual headline consumer inflation in Canada has cooled to 2.7% in April from 2.9% in March, the latest data by Statistics Canada showed. The CPI reading came in line with market consensus and also marked the lowest inflation rate since March 2021. The latest reading was also consistent with Bank of Canada’s projections that inflation […]
Read moreMay 21, 2024 12:06 pm
The Euro Area reported a trade surplus of EUR 24.1 billion in March, which compares with EUR 19.1 billion surplus in the same month a year earlier, the latest data by Eurostat showed. It has been the bloc’s biggest trade surplus since December 2020. In comparison, a consensus of analyst estimates had pointed to a […]
Read moreMay 20, 2024 12:09 pm
Consumer confidence in Spain has increased to levels last seen in July 2023 in April, data showed on Monday. The gauge of consumer confidence came in at a reading of 84.5 in April, up from 82.5 in the prior month. The latest result was mostly supported by a more optimistic outlook for the future, with […]
Read moreMay 19, 2024 3:59 pm
France’s jobless rate was reported at 7.5% during the first quarter of the year, stable compared to the prior two quarterly periods. In comparison, a consensus of analyst estimates had pointed to a drop to 7.4%. The total number of unemployed individuals went up by 6,000 compared to the preceding quarter to 2.3 million, data […]
Read moreMay 19, 2024 12:36 pm
Foreign investors’ exposure to Canadian securities has expanded by a net $14.37 billion in March following a net divestment of $4.28 billion in February, the latest data by Statistics Canada showed. It has been the highest figure since June 2023 and it well outpaced market consensus of $3.51 billion. In March, foreign investors acquired $17.9 […]
Read moreMay 18, 2024 4:13 pm
The annual CPI inflation rate in the Euro Area was confirmed at 2.4% in April, or unchanged from March and at a level unseen in nearly three years. In comparison, inflation rate in the bloc stood at 7% in April last year. Last month, services inflation slowed to 3.7% from 4% in March. A slowdown […]
Read moreMay 18, 2024 12:02 pm
Singapore’s non-oil domestic exports were reported to have decreased at a lesser rate than expected in April, while marking the third consecutive month of decline. The nation’s non-oil exports dropped 9.3% year-on-year in April, following a 20.8% slump in March. A consensus of analyst estimates had pointed to a 10% YoY drop. In April, sales […]
Read moreMay 17, 2024 4:04 pm
Swiss industrial production was reported to have shrunk 3.1% during the first quarter of 2024 from a year earlier, following a revised up 0.5% drop in the prior three-month period. In Q1, mining & quarrying output contracted 1.2% year-on-year, following a 1.8% surge in last year’s final quarter. In addition, Swiss manufacturing output continued to […]
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