November 22, 2024 12:51 pm
Retail sales in the United Kingdom have shrunk at a monthly rate of 0.7% in October, after a revised down 0.1% increase in September, data by the Office for National Statistics showed. The drop in sales was steeper than what market experts had expected (a 0.3% fall). Low consumer confidence and uncertainty over the Budget […]
Read moreNovember 22, 2024 8:49 am
The USD/MYR currency pair remained confined within a narrow range on Friday, following the release of Malaysian CPI data for October. Meanwhile, investors continued to weigh geopolitical situation as Russia lowered its threshold for using nuclear weapons and launched a hypersonic intermediate-range ballistic missile on Ukrainian territory. Concerns over further escalation of the Russia-Ukraine conflict […]
Read moreNovember 21, 2024 9:09 pm
The US dollar’s rally against the Japanese yen appears to be losing steam, with the USD/JPY exchange rate falling towards its weekly low. This decline may reduce the likelihood of a currency intervention, as the initial surge following the US election seems to be unwinding. Federal Reserve Governor Lisa Cook’s comments suggesting that the central […]
Read moreNovember 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 […]
Read moreNovember 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 more