January 11, 2024 8:32 am
The South Korean Won firmed against the US Dollar on Thursday, after the Bank of Korea (BOK) hinted it might pivot towards monetary easing amid a further slowdown in inflation and record household debt levels. The central bank left its base rate without change at 3.5% at its January policy meeting, in line with market […]
Read moreJanuary 9, 2024 10:16 am
The seasonally-adjusted unemployment rate in the Euro Area was reported to have decreased to 6.4% in November from 6.5% in October. The latest figure matched the all-time low from June 2023. The number of unemployed persons dropped by 99,000 from the October level to 10.970 million, data by Eurostat showed on Tuesday. The youth unemployment […]
Read moreJanuary 8, 2024 10:19 am
Retail sales in the Euro Area dropped at a monthly rate of 0.3% in November, in line with market consensus. It has been the steepest decrease in retail volume since August. The data followed a revised up 0.4% increase in October. Sales of food, beverages and tobacco dropped 0.1% month-over-month in November, a second straight […]
Read moreJanuary 5, 2024 10:23 am
The annual CPI inflation in the Euro Area was reported to have risen to 2.9% in December from a more than 2-year low of 2.4% in November, preliminary data by Eurostat showed on Friday. In comparison, market consensus had pointed to a sharper increase to 3%. It has been the first inflation uptick since April, […]
Read moreJanuary 5, 2024 8:43 am
The USD/ZAR pair edged up on Friday, while holding near recent three-week high of 18.8384, ahead of key US employment data later in the day that could provide clues over Fed rate outlook. The exotic currency pair looked set to register its best weekly performance since early August, being up 2.45%, on the back of […]
Read moreJanuary 4, 2024 1:26 pm
Private sector employers in the United States hired 164,000 workers in December, following a revised down employment growth of 101,000 in November, data by Automatic Data Processing showed on Thursday. The December figure outstripped a consensus of analyst estimates of 115,000. The leisure and hospitality segment added the highest number of jobs last month, 59,000. […]
Read moreJanuary 4, 2024 9:01 am
France’s annual CPI inflation was reported to have risen to 3.7% in December from an almost 2-year low of 3.5% in November, preliminary data by INSEE showed. In comparison, market consensus had pointed to a sharper uptick to 3.8%. Higher inflation in December was mostly driven by higher cost of energy (up 5.6% year-on-year versus […]
Read moreJanuary 3, 2024 9:59 am
Germany’s seasonally adjusted unemployment rate was reported to have risen to 5.9% in December from a revised down 5.8% in November. It has been the highest rate of unemployment since May 2021, as the number of unemployed persons increased by 5,000 to a total of 2.703 million. Regional disparities continued to persist, as Bremen and […]
Read moreJanuary 2, 2024 9:25 am
Euro Area’s Manufacturing Purchasing Managers’ Index (PMI) was reported at a final 44.4 in December, slightly exceeding the preliminary reading of 44.2. Still, the index continued to be in contraction territory, as output and job losses persisted for a seventh straight month. On a more positive note, decreases in new orders and purchasing activity eased […]
Read moreJanuary 2, 2024 8:29 am
Singapore’s economy has expanded at an annual rate of 2.8% in the fourth quarter of 2023, preliminary data by Statistics Singapore showed. The figure marked the 12th consecutive quarter of positive economic growth and also the strongest rate of GDP expansion since Q3 2022. The data added to signs that Singapore’s recovery was gaining traction. […]
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