Canadian economic growth contracts sharply in Q2 2020

Aug 28, 2020 14:37 pm UTC| Commentary

Canadian economic growth contracted 38.7 percent in the second quarter as the pandemic-led restrictions on activity in April shut down activity in several parts of the economy. On a year-on-year basis, economic output was...

Gold rebounds as economic worries offset higher Treasury yields

Aug 28, 2020 07:09 am UTC| Commentary

Gold prices surged after tumbling form a 1-week peak in the prior session as worries over an economic slump caused by the COVID-19 pandemic countered pressure from a rise in U.S. Treasury yields on Federal Reserve Chair...

U.S. durable goods orders continue to surge in July on rise in motor vehicles and parts category

Aug 26, 2020 20:28 pm UTC| Commentary Economy

U.S. durable goods orders continued on a V-shaped recovery path in July, driven again by the motor vehicles and parts category. The data released today implies that overall durable goods demand have clawed back much of...

Singaporean manufacturing output shrinks again in July, likely to record positive growth for whole of 2020

Aug 26, 2020 15:07 pm UTC| Commentary

Singaporean manufacturing output shrank for the third straight month, falling 8.4 percent year-on-year in July. However, it rose 1.6 percent on a month-on-month basis. The year-on-year data is worse than the expectations...

Gold edges higher as the greenback eases ahead of Powell's speech

Aug 25, 2020 06:53 am UTC| Commentary

Gold prices surged, halting a 2-day losing streak as the dollar declined from recent peaks, with investors awaiting U.S. Federal Reserve Chairman Jerome Powells speech later this week, although a rally in equity markets...

Singaporean inflation falls in July, likely to remain in negative territory till 2020-end

Aug 24, 2020 12:39 pm UTC| Commentary

Singaporean disinflationary streak continued in July with the headline and core data both falling 0.4 percent on a year-on-year basis, as compared with the fall of 0.5 percent and 0.2 percent drop seen in June. This also...

Gold eases as coronavirus treatment hopes boost risk sentiment

Aug 24, 2020 07:29 am UTC| Commentary

Gold prices declined, extending previous session losses as risk sentiment improved after the U.S. drug regulator authorised the use of blood plasma from recovered COVID-19 patients as a treatment option for the...