Financial News

Swedish jobless rate rises above expectations in July, employment rate falls

Swedish jobless rate, on a seasonally adjusted basis, came in at 7.1 percent in July, much higher than anticipated. Employment dropped on the month by 0.7 percent sequentially and fell 0.8 percent year-on-year.

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FxWirePro: Trading Turnover Monitor of Treasuries, Equities and Commodities

In this write-up, we wish to run you through Turnover ratios of various asset classes. As you can observe the 3rd exhibit, the volumes are monthly and the turnover ratio is annualized (monthly trading volume annualized divided by the amount outstanding).

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FxWirePro: Bullion Markets Updates, OTC Outlook and Hedging Strategy

Gold’s gaining its traction a safe-haven sentiment, with inflows into ETFs (exchange-traded funds) hitting 1,000 tons since holdings bottomed in early 2016 after a prolonged unwind in the wake of the global financial crisis (refer 1st chart).

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Euro areas flash PMIs rebound mildly in August, but economy remains weak

The recovery in the euro area PMIs was mildly positive news; however, the details continue to be worrying. The economy is quite weak to generate significant inflation pressures, which means the ECB needs to do more.

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Europe Roundup: Sterling at 2-week peak on Brexit deal hopes, greenback rallies as Fed divided on rate cut, European shares plunge - Thursday, August 22nd, 2019

Market Roundup

  • Fed was divided on the rate cut, wanted to avoid appearing on the path for more cuts
  • Eurozone business growth recovers, but outlook darkens
  • UK retail sales plunge in August fastest pace since 2008: CBI
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