Australia’s business credit falls in July, new business loan growth likely to remain soft
Aug 31, 2020 12:35 pm UTC| Commentary
Australias business credit dropped 0.1 percent sequentially in July, consistent with market expectations. Julys decline follows the 0.2 percent fall recorded in June. The smaller fall in July was driven by a smaller...
Gold eases as greenback rebounds from 2-year lows
Aug 31, 2020 08:07 am UTC| Commentary
Gold prices declined, hovering away from a near 2-week high scaled last week, as the dollar attempted a minor recovery after tumbling to multi-years lows on Federal Reserves dovish stance. Spot gold was trading 0.3...
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...
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...
Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects