U.S. consumer prices rise above expectations in July
Aug 12, 2020 14:46 pm UTC| Commentary
U.S. consumer prices rose 0.6 percent sequentially in July, matching Junes rise. Julys data came in above market expectations. On a year-on-year basis, total CPI rose 1 percent, accelerating from Junes figure of 0.6...
Swedish CPIF inflation rises above expectations in July, Riksbank likely to keep repo rate on hold
Aug 12, 2020 13:59 pm UTC| Commentary
Swedish CPIF inflation came above expectations in July. On a year-on-year basis, the CPIF inflation came in at 0.5 percent. Excluding energy, CPIF came in at 1.5 percent, accelerating from 1.3 percent in June. Riksbanks...
Gold rebounds from 3-week trough on U.S. stimulus uncertainty
Aug 12, 2020 09:46 am UTC| Commentary
Gold prices rebounded from a 3-week trough hit earlier in the session as the greenback eased from recent peaks on growing uncertainty about a U.S. stimulus deal. Spot gold surged 0.9 percent to $1,930.03 per ounce by...
Canada’s housing starts surge in July, strong demand to support activity in near term
Aug 11, 2020 14:45 pm UTC| Commentary
Canadas housing starts rose sharply to 245.6k units in July, rising from 212.1k units in June. Excluding monthly noise, the six-month moving average rose to 204.4k units, rising from 199.8k units in June. Todays data was...
U.K. employment falls in three months to June, jobless rate remains at 3.9 pct
Aug 11, 2020 13:45 pm UTC| Commentary
The latest U.K. labor market statistics gave slight indication of the coronavirus-related malaise that has been seen in other indicators of domestic activity, especially with tomorrows GDP report likely to show that the...
Australian business sentiment falls in July, business conditions rebounds by 8 points
Aug 11, 2020 11:04 am UTC| Commentary
Australian business sentiment fell in the month of July. The business confidence index dropped 14 points to -14 in the month, overshadowing the 8 point rebound seen in business conditions. New South Wales and Victoria saw...
Gold declines as investors await U.S. stimulus talks
Aug 11, 2020 09:37 am UTC| Commentary
Gold prices declined to a 1-week low as the dollar firmed after Beijing imposed sanctions on U.S. officials in the latest flare-up in tensions between Washington and Beijing, with investors also keeping a close watch on...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects