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...

Norwegian core inflation accelerates above expectations in July

Aug 10, 2020 14:42 pm UTC| Commentary

Norwegian core inflation accelerated in the month of July to 3.5 percent year-on-year from Junes 3.1 percent. The outcome was above consensus expectations of 3.1 percent. Clothing price dropped 1.8 percent sequentially in...

Danish consumer price inflation accelerates in July, likely to move higher in months ahead

Aug 10, 2020 12:43 pm UTC| Commentary

Danish consumer price inflation accelerated to 0.8 percent sequentially in July. On a year-on-year basis, inflation saw a rise of 0.5 percent the highest since February 2020. Core inflation accelerated marginally to 1...

Gold off highs as dollar holds onto gains, investors focus on U.S.-China trade talks

Aug 10, 2020 09:45 am UTC| Commentary

Gold prices declined, hovering away from all time peak hit in the prior session as the dollar held onto gains made after better-than-expected U.S. payrolls data, while investors kept a close eye on U.S.-China relations...