Swedish manufacturing PMI index rises in July

Aug 03, 2020 14:11 pm UTC| Commentary

The Swedish manufacturing PMI marked its first reading in expansionary territory since March. The rebound has begun. The headline index rose to 51 in July from Junes 47.3. The reading above 50 suggests that economic...

Indonesian headline inflation decelerates further in July, monetary policy stance to remain accommodative

Aug 03, 2020 12:53 pm UTC| Commentary

Indonesian headline inflation decelerated further in the month of July, slightly below the central banks target band. On a year-on-year basis, the consumer price inflation slowed to 1.54 percent, below central banks 2-4...

Gold at record high on weaker dollar, global growth fears  

Jul 31, 2020 09:26 am UTC| Commentary

Gold prices surged to a new all-time high and were on track for their best month in more than four years, as a weaker dollar and worries over the global economic fallout from the mounting COVID-19 cases dented investor...

U.S. economy contracts steeply in Q2 2020

Jul 30, 2020 15:20 pm UTC| Commentary

U.S. real GDP growth contracted a record-breaking 32.9 percent annualized in the second quarter of 2020. In non-annualized terms, the U.S. economy contracted 9.5 percent. The level of GDP is now 10.8 percent below its...

German headline inflation rate falls below zero in July, likely to return to positive territory in August

Jul 30, 2020 13:35 pm UTC| Commentary

German inflation rate dropped below the zero line in July. The headline inflation came in at -0.1 percent. Consensus expectations were for the inflation rate to remain a bit positive at 0.1 percent. The fall in consumer...

Gold off all-time highs as risk appetite improves

Jul 30, 2020 08:42 am UTC| Commentary

Gold prices declined, hovering away from all-time peak and halting a 9-day winning streak as the U.S. Federal Reserves pledge to support the coronavirus-ravaged economy boosted investor risk sentiment. Spot gold was...

Digital Currency Revolution

Fidelity Lauds Bitcoin By Calling It As ‘Aspirational’ Store of Value’

Jul 30, 2020 07:40 am UTC| Research & Analysis Digital Currency Commentary

Various Wall Street players like JP Morgan to Wells Fargo, are involved in the constant technological upgradation like blockchain deployment and buzzing crypto and tokenization trend, yet another banking giant, Fidelity...