German industrial production rises below expectations in July, strong rise is likely in Q3
Sep 07, 2020 12:05 pm UTC| Commentary
German industrial production rose 1.2 percent sequentially in July, coming in far below expectations of a growth of 4.3 percent. This is the second disappointing figure in a row: like new orders on Friday, industrial...
Gold eases as better-than-expected Chinese trade surplus boosts risk appetite
Sep 07, 2020 07:51 am UTC| Commentary
Gold prices declined as risk sentiment improved following the release of better-than-expected Chinese trade balance data, although downside appears limited as weak economic data out of the United States at the end of last...
Gold eases as dollar nears 1-week peak on better-than-expected economic data
Sep 03, 2020 07:58 am UTC| Commentary
Gold prices edged lower, extending previous session losses as the U.S. dollar surged, although worries over the global economic outlook due to rising Covid-19 cases limited downside. Spot gold was trading 0.4 percent...
German retail sales fall for second consecutive month in July
Sep 02, 2020 17:08 pm UTC| Commentary
German retail sales dropped for the second straight month in July, declining 0.9 percent sequentially in real terms. It had dropped 1.9 percent in the prior month. However, given the solid recovery in May, the level of...
U.S. factory orders grow slightly above expectations in July
Sep 02, 2020 16:35 pm UTC| Commentary
U.S. factory orders grew strongly in the month of July, rising 6.4 percent sequentially. Todays data was slightly above expectations of 6.1 percent. The bulk of the rebound was driven by durable goods orders. The outsized...
Canadian goods trade deficit likely narrowed in July on significant rise in motor vehicle exports
Sep 02, 2020 12:30 pm UTC| Commentary
Canadas international merchandise trade data for the month of July is set to release tomorrow. According to a TD Economics research report, the international goods trade deficit is likely to have narrowed to CAD 2 billion...
Australian economy contracts sharply in Q2 2020
Sep 02, 2020 11:18 am UTC| Commentary
The Australian economy contracted 7 percent quarter-on-quarter in the second quarter of 2020, the largest fall since quarterly records started in 1959. On a year-on-year basis, the economic growth shrank 6.3 percent. The...
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