Swedish economic activity drops further in May, rebound likely in June
Jul 09, 2020 15:16 pm UTC| Commentary
The GDP-indicator for Sweden declined further in May, implying that activity bottomed out in May, rather than in April. A wide rebound in June is expected as the domestic economy shows signs of resilience, noted Nordea...
German goods exports rise in May, further significant increase likely in June
Jul 09, 2020 13:53 pm UTC| Commentary
German goods exports rose in May, making up for part of the slump seen in March and April. On a sequential basis, goods exports rose 9 percent. Consensus expectations were for a rise of 14 percent. Exports to all major...
Jul 09, 2020 09:14 am UTC| Digital Currency Commentary
TCS has recently come up with B⍺NCS the financial solutions under the flagship company of Tata Consultancy Services (TCS), who pioneered the worlds first overseas securities settlement deploying Quartz blockchain. For...
Gold hovers towards near 9-year peak amid coronavirus fears
Jul 09, 2020 08:02 am UTC| Commentary
Gold prices steadied near a 9-year peak above the key $1,800/oz level as worries over mounting COVID-19 cases offset hopes of a swift global economic recovery. Spot gold was trading 0.1 percent higher at $1,810.45 per...
Gold near 9-year peak as coronavirus fears dent investor risk-appetite
Jul 08, 2020 08:44 am UTC| Commentary
Gold prices rallied to a near 9-year high as worries over surging COVID-19 cases and hopes of more stimulus measures from the U.S. Federal Reserve boosted the safe-haven metals appeal. Spot gold was trading 0.2 percent...
Bank Negara Malaysia cuts overnight policy rate by 25 bps, likely to further lower it later in year
Jul 07, 2020 15:08 pm UTC| Commentary Central Banks
Malaysian central bank, Bank Negara Malaysia, cut its overnight policy rate today by 25 basis points to 1.75 percent. Compared with the previous one, todays policy statement was distinctly more optimist on growth...
Philippine headline inflation accelerates in June, likely to average 1.7 pct in H2 2020
Jul 07, 2020 13:46 pm UTC| Commentary
Philippine headline inflation accelerated in June to the higher end of the forecast range given by the central bank. On a year-on-year basis, the consumer price inflation accelerated to 2.5 percent from Mays 2.1 percent....
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