Gold eases as risk sentiment improves on Fed debt-buying

Jun 16, 2020 07:44 am UTC| Commentary

Gold prices declined as risk sentiment improved after the U.S. Federal Reserve widened its program of buying corporate debt to combat the financial toll of the pandemic, however, growing worries about a second wave of...

Canadian existing home sales jump in May, but remain at multi-year lows

Jun 15, 2020 15:58 pm UTC| Commentary

Canadas existing home sales rose 56.9 percent month-on-month in May as buyers came back. Home sales had dropped to their weakest level on record in the prior month owing to the pandemic. However, the large gain recorded in...

Canadian manufacturing sales fall sharply in April

Jun 15, 2020 14:53 pm UTC| Commentary

Canadas manufacturing sales dropped sharply by 28.5 percent on a sequential basis in April. This is the largest single-month fall on record, following a 9.8 percent fall in March. Controlling for price effects, the picture...

Italian consumer price index drops further in May on fall in energy prices

Jun 15, 2020 13:47 pm UTC| Commentary

Italian consumer price index dropped further in May. On a year-on-year basis, the consumer price index came in at -0.2 percent. On a sequential basis, the headline inflation came in at -0.2 percent. The flash estimate was...

Czech economic growth likely to rebound slowly in H2 2020, inflation to slow down gradually

Jun 12, 2020 19:01 pm UTC| Commentary

Czech economic growth is expected to deteriorate considerably in 2020. According to an Erste Group Research report, the GDP growth is likely to contract 7 percent, owing to the significant fall in investment expenditures...

U.S. consumer confidence continues to rebound in June

Jun 12, 2020 17:58 pm UTC| Commentary

U.S. consumer confidence has been affected by the pandemic and continues to be low. However, June marks the second consecutive monthly rise and came in above expectations. The University of Michigans measure of consumer...

U.S. import prices rebound at solid pace in May on strong rise in food and energy prices

Jun 12, 2020 16:08 pm UTC| Commentary

U.S. import prices rose at a strong rate in May, rising 1 percent on a sequential basis. The strong rise was driven by food and energy prices, which are typically quite volatile and can exhibit quite large sequential...