U.K.’s flash PMI indices continue to rebound in July, but employment index remains soft
Jul 24, 2020 14:14 pm UTC| Commentary
The U.K. PMIs continued to rebound from the April lows with both the manufacturing and services readings recording marked rises in July, greatly surpassing market expectations. The construction PMI data for the month of...
Blockchain revolution Series: Cardano Partners With Lykke For Fintech Exploration
Jul 24, 2020 13:03 pm UTC| Research & Analysis Digital Currency Insights & Views Commentary
In the advanced era of FinTech, weve seen various joint venturing and strategic alliances. Ripple has recently announced a fresh partnership with the Thai fintech start-up DeeMoney, the extensive payment mechanism,...
Gold rallies on easing dollar, U.S. China tensions, stimulus bets
Jul 24, 2020 09:58 am UTC| Commentary
Gold prices surged, hovering towards a near a 9-year high and were poised for its biggest weekly gain in more than three months, benefiting from a weak dollar and inflation expectations due to stimulus measures for...
FxWirePro: India Mulls Over Frontier Technologies, Big Names Eye on Blockchain Adoption
Jul 24, 2020 09:22 am UTC| Research & Analysis Digital Currency Insights & Views Commentary
India is embarking on a digitalisation drive for many trajectories of businesses. To substantiate this stance, the Prime Minister of India, Narendra Modi, has recently advocated blockchain as an opportunity in frontier...
U.S. weekly initial claims rise, hints at higher rate of job separation
Jul 23, 2020 18:41 pm UTC| Commentary
U.S. weekly initial claims deteriorated, implying the pace of separation might have picked up. Initial jobless claims rose 109,000 in the week ended 18 July to 1.416 million versus a revised 1.307 million the week prior....
Singaporean headline inflation likely to remain negative for remainder of 2020
Jul 23, 2020 16:12 pm UTC| Commentary
Singaporean consumer price inflation came in line with market expectations. On a month-on-month basis, the CPI-All Items index was the same. Food prices continue to rise, as supply disruptions continue to increase the cost...
Swedish jobless rate rises sharply in June, likely to remain at high levels for long time
Jul 23, 2020 13:50 pm UTC| Commentary
Swedish jobless rate rose sharply in the month of June to 9.2 percent from Mays 8.5 percent, coming above consensus expectations. The labour supply dropped and were down by 0.4 percent sequentially while the share of...
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