September 28, 2024 10:16 am
Consumer morale in Italy has improved in September, data by the National Institute of Statistics showed. The gauge of consumer confidence came in at a reading of 98.3 in September, while rebounding from an eight-month low of 96.1 in August. The sub-index of personal climate rose to 96.3 in September from 93.8 in August, while […]
Read moreSeptember 26, 2024 9:51 am
Sweden reported a trade deficit of SEK 5.3 billion in August, which compares with a shortfall of SEK 7.8 billion in the same month of 2023. Market consensus had pointed to a SEK 5.9 billion surplus. The nation’s total exports shrank 5.1% year-on-year to SEK 150.3 billion in August, data by Statistics Sweden showed. The […]
Read moreSeptember 26, 2024 7:21 am
Singapore’s manufacturing output has increased at an annualized rate of 21% in August, while picking up from a 2% growth in July. It has been the fastest rate of growth since June 2021. The latest data far exceeded market consensus of a 9.6% growth. In August, production of electronics surged sharply, by 49.1% YoY after […]
Read moreSeptember 25, 2024 11:05 am
The general public’s domestic loan debt in Norway has grown at an annualized rate of 3.8% to NOK 7.44 billion at the end of August, data by Statistics Norway showed. It has been the fastest domestic loan debt growth since September 2023 and followed a 3.7% increase in July. Loan debt of households rose 3.5% […]
Read moreSeptember 25, 2024 8:41 am
The Swedish Krona weakened against the Euro on Wednesday, after Riksbank lowered its benchmark policy rate by 25 basis points to 3.25% at its September meeting, in line with market consensus. That followed another such move in August. Riksbank also flagged more rate cuts at the two remaining monetary policy meetings this year, in case […]
Read moreSeptember 25, 2024 6:57 am
Consumer morale in South Korea has decreased to its lowest level since May in September, data by the Bank of Korea showed. The Composite Consumer Sentiment Index came in at a reading of 100.0 in September, down from 100.8 in August. The gauge of future household income expectations remained steady at 98, while that of […]
Read moreSeptember 24, 2024 10:53 am
The Ifo Business Climate gauge for Germany decreased for a fifth straight month in September, data by the Ifo Institute showed. The index came in at a reading of 85.4 in September, down from 86.6 in August. It has been the gauge’s lowest level since January. The latest reading was also below market consensus of […]
Read moreSeptember 19, 2024 10:06 am
The EUR/USD currency pair traded in proximity to a fresh three-week high of 1.1189 on Thursday, after the Federal Reserve began its monetary easing cycle with an out-sized rate cut, the first reduction in borrowing costs since March 2020. The Fed reduced the target range for the federal funds rate by 50 basis points to […]
Read moreSeptember 18, 2024 12:52 pm
The annual CPI inflation rate in the Euro Area was confirmed at 2.2% in August, while easing from 2.6% in July. August’s rate has been the lowest since July 2021. Last month, inflation picked up for services (4.1% YoY from 4% YoY in July), while it remained steady for food, alcohol & tobacco, at 2.3%. […]
Read moreSeptember 18, 2024 9:49 am
The GBP/SEK currency pair gained ground on Wednesday, after data showed annual core inflation in the UK picked up in August, a day before the Bank of England announces its policy decision. Annual inflation rate in the UK remained steady at 2.2% in August, data by the Office for National Statistics showed, in line with […]
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