Indonesia headline inflation slows down further in August

Sep 01, 2020 12:04 pm UTC| Commentary

Indonesian headline inflation slowed for the sixth consecutive month in August. On a year-on-year basis, inflation eased to 1.32 percent from Julys 1.54 percent. Meanwhile, inflation came in at -0.05 percent on a...

U.K. August manufacturing output grows at fastest rate since May 2014, PMI index rises to 55.2

Sep 01, 2020 11:50 am UTC| Commentary

U.K. manufacturing output grew at the most rapid pace for over six years in August, as firms and their clients restarted operations after coronavirus disease 2019 lockdowns. The seasonally adjusted IHS Markit PMI index...

Gold at 2-week peak as greenback slumps on rate outlook

Sep 01, 2020 07:05 am UTC| Commentary

Gold prices rallied to their highest level in nearly 2-weeks, as the dollar declined to multi-year lows on speculation that U.S. interest rates would stay lower for a longer period after the Federal Reserves new policy...

German inflation rate rises marginally in August to 0 pct

Aug 31, 2020 15:51 pm UTC| Commentary

The German inflation rate left the negative territory in August, rising slightly from -0.1 percent to 0.0 percent. The core inflation rate excluding energy and food rose slightly. The reduction in the VAT rate had pushed...

Australia’s business credit falls in July, new business loan growth likely to remain soft

Aug 31, 2020 12:35 pm UTC| Commentary

Australias business credit dropped 0.1 percent sequentially in July, consistent with market expectations. Julys decline follows the 0.2 percent fall recorded in June. The smaller fall in July was driven by a smaller...

Gold eases as greenback rebounds from 2-year lows

Aug 31, 2020 08:07 am UTC| Commentary

Gold prices declined, hovering away from a near 2-week high scaled last week, as the dollar attempted a minor recovery after tumbling to multi-years lows on Federal Reserves dovish stance. Spot gold was trading 0.3...

Canadian economic growth contracts sharply in Q2 2020

Aug 28, 2020 14:37 pm UTC| Commentary

Canadian economic growth contracted 38.7 percent in the second quarter as the pandemic-led restrictions on activity in April shut down activity in several parts of the economy. On a year-on-year basis, economic output was...