Gold off 2-week high as dollar gains on solid U.S. manufacturing data
Sep 02, 2020 07:23 am UTC| Commentary
Gold prices declined after rising to a 2-week peak in the prior session as the dollar rebounded after robust U.S. manufacturing data boosted hopes around global economic recovery. Spot gold was trading 0.3 percent lower...
U.S. ISM manufacturing index rises above expectations in August
Sep 01, 2020 16:28 pm UTC| Commentary
The U.S. ISM manufacturing index rose to 56 in August, surpassing market expectations of 54.5. The index rose 1.8 percentage points from Julys print of 54.2. The surprise rise vis-à-vis July was seen throughout most...
Australian economic growth likely to have contracted further q/q in Q2 2020 - ANZ
Sep 01, 2020 15:49 pm UTC| Commentary
Australian economic growth is likely to have declined 7 percent quarter-on-quarter in the second quarter, according to an ANZ research report. The data for the second quarter will indicate the effect of the first wave...
Indonesia headline inflation slows down further in August
Sep 01, 2020 12:04 pm UTC| Commentary
Indonesian headline inflation slowed for the sixth consecutive month in August. On a year-on-year basis, inflation eased to 1.32 percent from Julys 1.54 percent. Meanwhile, inflation came in at -0.05 percent on a...
U.K. August manufacturing output grows at fastest rate since May 2014, PMI index rises to 55.2
Sep 01, 2020 11:50 am UTC| Commentary
U.K. manufacturing output grew at the most rapid pace for over six years in August, as firms and their clients restarted operations after coronavirus disease 2019 lockdowns. The seasonally adjusted IHS Markit PMI index...
Gold at 2-week peak as greenback slumps on rate outlook
Sep 01, 2020 07:05 am UTC| Commentary
Gold prices rallied to their highest level in nearly 2-weeks, as the dollar declined to multi-year lows on speculation that U.S. interest rates would stay lower for a longer period after the Federal Reserves new policy...
German inflation rate rises marginally in August to 0 pct
Aug 31, 2020 15:51 pm UTC| Commentary
The German inflation rate left the negative territory in August, rising slightly from -0.1 percent to 0.0 percent. The core inflation rate excluding energy and food rose slightly. The reduction in the VAT rate had pushed...
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