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Germany's factory orders unexpectedly expanded in May underpinned by the rise in demand from the non-euro area countries, data from Destatis showed on Wednesday. New orders grew 0.1 percent month-on-month in May, in contrast to the revised 1.8 percent decline in April and the expected fall of 0.6 percent. more...
South Africa's private sector activity expanded at the fastest pace in just over one year in June, underpinned by strengthening client demand, rising employment and renewed stockpiling despite woes of inflationary pressures amid a surge in global fuel prices and supply-side challenges. more...
The Japanese Yen was hammered by markets in the second quarter. USD/JPY shot by the 2002 peak, touching its highest since 1998. A key driver of the Yen’s weakness has been the Bank of Japan’s policy divergence from its major peers. more...
Spain unemployment declined sharply in June to the lowest since October 2008, the labor ministry reported Monday. more...
The price of oil has fallen roughly 20% from the 2022 high ($130.50). Crude may face a further decline over the coming months as rising output is met with easing demand. Weekly price is on bullish ranging within 115 resistance level for the bullish trend to be continuing and 104 support level for the secondary correction to be started. more...
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