Latest data released by ONS – 31 March 2021 GDP -7.3% vs -7.8% y/y prelim Private consumption -1.7% vs -0.2% q/q prelim Government spending +6.7% vs +6.4% q/q prelim Exports +6.1% vs +0.1% q/q prelim Imports +11.0% vs +8.9% q/q prelim Total business investment +5.9% vs +1.3% q/q prelim Slight delay in the release by
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NEW DELHI: Gold and silver futures were trading lower on Wednesday pressured by a higher Treasury yields on optimism around a quick economic recovery as vaccinations gain momentum. The US 10-year Treasury yield rose as much as 1.776 per cent on Tuesday, its highest since Jan. 22. Higher returns on bonds increase the opportunity cost
China’s official data suggest that the country’s economy recovered significantly in March. PMI readings for all of manufacturing, services and construction activities improved strongly. While seasonal factor (low base effect in February) played a role, the strong first quarter reading signals that economic recovery remains underway. Key risks are global vaccination progress and US-China trade
A look back shows what’s happening in the market On Feb 16, US 10-year yield gapped higher through resistance at 1.20% in a quick move to 1.31%. That set off a mostly one-way rise up to 1.77% earlier today. That move sparked a re-think in many asset classes, some Fed hand-wringing and non-stop inflation talk.
NEW DELHI: Mentha oil prices moved lower on Tuesday amid profit-booking. At 4:51 pm, the MCX April contract of mentha oil futures quoted lower by Rs 3.40 or 0.35 per cent at Rs 955.50 per kilogram, gaining some ground after sliding to as low as Rs 932.50 in intraday trade. Mentha oil had climbed 0.16
Dollar rides on renewed rally in US treasury yields and trades broadly higher today. The greenback’s strength is quite overwhelming for now. On the other hand, Yen and Swiss Franc are trading as the weakest ones, followed by commodity currencies. The stock markets are having little reactions so far, with European indices mildly in black
Daily thread to exchange ideas and to share your thoughts The dollar is still holding its ground for the most part and with higher Treasury yields, yen pairs look to break higher once again with USD/JPY on approach to 110.00. The pair has broken above its June highs to climb to its highest level since March last
NEW DELHI: Gold and silver futures were trading lower on Tuesday pressured by a stronger US dollar and higher Treasury yields on optimism around a quick economic recovery as vaccinations gain momentum. The dollar climbed to a one-year high against the yen on Tuesday as accelerating vaccinations and massive stimulus in the US stoked inflation
Cases falling rapidly This chart shows the percentage change in virus cases in Israel indexed to the week of Dec 19, when vaccinations began. What’s important to note here is that all age categories fell rapidly, including those where vaccine penetration was lower or (in the case of 0-19 year olds) nearly non-existent. More than
Gold prices fell on Monday as a stronger U.S. dollar and hopes for a swift global economic recovery boosted share markets, denting demand for a safe haven. Spot gold was down 0.4% at $1,725.26 per ounce by 0829 GMT. U.S. gold futures slipped 0.6% to $1,722. “Gold is suffering a little bit on back of
Sterling trades generally higher today, with much help from buying in crosses against Euro and Swiss Franc. Australian and New Zealand Dollar are also firmer even though overall market sentiments are mixed. Canadian Dollar, on the other hand, remains a softer one, followed by Euro and then Swiss Franc. Dollar and Yen are mixed for
The typically lower count on Monday is in effect today Don’t let the figures deceive you as the situation is still rather tense in Germany, with the 7-day incidence rate climbing further to 134.4 from ~130 yesterday. Adding to that is total active cases holding around ~211,500 – the highest since 2 February. German chancellor
TOKYO: Oil was slightly lower on Monday, relatively placid after four sessions of wild swings in price, as efforts continued to dig out the giant container ship clogging the Suez Canal and little new emerged in the demand picture. Brent oil was down 18 cents, or 0.3%, at $64.39 a barrel by 0141 GMT. U.S.
The markets open a holiday-shortened week in a quiet note. Canadian Dollar is trading mildly lower, following retreat in oil prices. The giant container that blocks the Suez Canal, Ever Given, is finally starting to refloat, partly thanks to higher-than-usual spring tides. Elsewhere in the forex markets, Dollar and Yen are currently the firmer ones,
Preliminary estimate was 83.0 Consumer sentiment 84.9 versus 83.6 estimate. Preliminary estimate was 83.0. Last month 76.8. Highest level since March 2020 Current conditions 93.0 versus 91.5 preliminary. Index is up from February’s 86.2. level is the highest level since March 2020 Expectations 79.7 versus 77.5 preliminary. Index is up from February’s 70.7. Level is the
NEW DELHI: Silver prices rose by Rs 171 to Rs 65,040 per kg in futures trade on Friday as participants widened their bets on a firm spot demand. On the Multi Commodity Exchange, silver contracts for May delivery gained Rs 171, or 0.26 per cent, to Rs 65,040 per kg in 11,001 lots. Analysts said