U.S. service sector’s business activity stabilizes in July, PMI index rises to 50
Aug 05, 2020 17:53 pm UTC| Commentary
U.S. service sectors business activity sees some stabilization as businesses continued to reopen. The seasonally adjusted final IHS Markit US services PMI index came in at 50 in July, rising from Junes 47.9. The latest...
Canadian trade deficit widens in June
Aug 05, 2020 15:13 pm UTC| Commentary
Canadas merchandise trade deficit widened to CAD 3.2 billion in June from Mays deficit of CAD 1.3 billion. Exports grew 17.1 percent sequentially, while imports rose 21.8 percent. Compared with their pre-pandemic levels,...
U.S. trade deficit narrows in June on rise in exports, data likely to be better in August
Aug 05, 2020 14:11 pm UTC| Commentary
The U.S. trade deficit narrowed to USD 50.7 billion in June from Mays USD 54.8 billion, as imports dropped more than exports. Exports rose 9.4 percent, as compared with Mays decline of 4.3 percent. On the other hand,...
Gold rallies over $2,000 level on softer dollar, stimulus bets
Aug 05, 2020 10:49 am UTC| Commentary
Gold prices surged to an all-time peak above the $2,000 mark on the back of a weaker dollar and bets for more stimulus measures to revive a pandemic-ravaged economy. Spot gold was trading 1.5 percent higher at $2,040.75...
Australian real retail spending falls in Q2 2020
Aug 04, 2020 15:33 pm UTC| Commentary
Australian national real retail spending dropped in the second quarter. On a quarter-on-quarter basis, the retail spending dropped 3.4 percent, including a nominal fall of 2.2 percent and price growth of 1.2 percent...
Australian weekly consumer sentiment falls moderately on sharp weakness in economic conditions
Aug 04, 2020 12:48 pm UTC| Commentary
Australian weekly consumer sentiment fell last week. The ANZ-Roy Morgan Australian consumer confidence dropped 0.4 percent. The length of fall now matches the one seen in the first wave of the pandemic when sentiment...
Gold holds firm near record peak amid persisting coronavirus concerns
Aug 04, 2020 08:36 am UTC| Commentary
Gold prices steadied after rising to record highs in the prior session amid growing worries over the global economic fallout from mounting COVID-19 cases. However, improving risk appetite following positive U.S. economic...
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