Canada has posted a current account surplus of C$1.18 billion in the first quarter of 2021 after registering a current account deficit of C$5.27 billion (revised from C$7.26 billion) in the fourth quarter of 2020.
Read More »Germany: Annual HICP Rises to 2.4% in May
Inflation in Germany, as measured by the Consumer Price Index (CPI), edged lower to 0.5% (preliminary) on a monthly basis in May from 0.7% in March, the data published by Destatist showed on Monday. On a yearly basis, the CPI rose to 2.5% from 2%.
Read More »A Glimpse Into The Chinese Market: Industrial Activity Grows Slowly On Raw Material
Growth in China’s industrial activity slowed slightly in May as raw material prices rose at the fastest pace in more than a decade, squeezing output from small firms and exporters. Data from the Office for National Statistics showed on Monday that the official manufacturing purchasing managers’ index fell to 51.0 …
Read More »Ethereum is up 5% But Remains 40% Lower Than Its Record Peak
Cryptocurrency Ethereum is up more than 5% today to $2,523 but remains more than 40% below its record peak above $4,300 recorded this month. The currency rose 4.1% to $ 2495.69 in morning trading. As for its rival Bitcoin, the largest and most famous cryptocurrency in the world, it rose …
Read More »Japanese Factory Production Grows in April Thanks to Capital Goods
Japan’s industrial production continued to grow in April as manufacturers benefited from a recovery in appetite for capital goods, especially in key overseas markets. The world’s third-largest economy is expected to grow this quarter at a much slower pace than previously thought after the government extended anti-coronavirus measures in Tokyo …
Read More »Gold Targets The Biggest Monthly Rise in 10 Months, Amid The Dollar’s Decline And Inflation Risks
Gold prices rose on Monday, heading for their biggest monthly jump since July 2020, thanks to the decline in the dollar and bond yields, as well as the growing inflationary pressures that boost demand for the metal as well. And the spot price of gold was up 0.1% to $ …
Read More »European Shares Fall From Record Levels
European shares fell from record levels on Monday, amid weak trading due to holidays in major markets, but optimism about a quick economic recovery is heading the main index towards achieving gains for the fourth consecutive month. The pan-European STOXX 600 index fell 0.1%, and shares in Frankfurt fell 0.2%, …
Read More »Oil Contracts Are Heading For Gains For The Second Month in a Row
Oil prices rose in early Asian trade on Monday, buoyed by positive times for fuel demand growth next quarter, as investors look to this week’s OPEC+ meeting to see how producers will respond. Brent crude futures for August delivery were up 50 cents, or 0.7%, at $69.22 a barrel, after …
Read More »Japan Shares Close Lower on Profit-Taking
Japanese shares closed lower on Monday, as investors booked profits after a recent rally, but losses were limited thanks to a positive conclusion from domestic drug makers. The Nikkei index lost 0.99% to record 28,860.08 points at the close, while the broader Topix index fell 1.26% to 1922.98 points. The …
Read More »GBP/JPY:ِ Negative Pressure on the Short Time Frames
Quiet trading dominated the movements of the pound sterling against the Japanese yen, to find the pair a strong resistance level near the psychological barrier of 156.00. On the technical side today, we tend to the negative side, but with caution, relying on stochastic entering the overbought phase, in addition …
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