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Market News


Mexico Inflation Rate Drops to 2-1/2-Year Low

Thu Aug 08 2019  11:18:17 GMT+3

Mexico’s annual inflation rate fell to 3.78 percent in July 2019 from 3.95 percent in the previous month slightly below market expectations of 3.79 percent. That was the lowest rate since December 2016 mainly due to a slowdown in energy inflation.


South Africa Factory Output Unexpectedly Falls 3.2%

Thu Aug 08 2019 11:08:00 GMT+3

South Africa’s manufacturing production declined 3.2 percent from a year earlier in June 2019 from a downwardly revised 0.4 percent growth in the previous month and against market expectations of a 1.8 percent rise. It was the first downturn in factory activity since last September. The largest negative contributions were made by petroleum chemical products rubber & plastic products (-7.7 percent); basic iron and steel non-ferrous metal products metal products & machinery (-5.1 percent) and wood and wood products paper publishing & printing (-4.9 percent). Conversely the only gain was recorded in production of food & beverages (3.7 percent) namely dairy products (9.5 percent). On a seasonally adjusted monthly basis manufacturing production fell 1.5 percent after an upwardly revised 1.9 percent decline in May.


Gold Trades Near $1500

Thu Aug 08 2019 10:43:05 GMT+03

Gold prices were slightly down on Thursday after hitting a six-year high of $1510 an ounce in the previous session supported by easing monetary policy by central banks and uncertainty over the trade deal between the US and China. Gold prices fell as much as 0.3% to $1495.11 an ounce around 06:40 AM New York time.


Latvia Inflation Rate Edges Down to 4-Month Low in July

Thu Aug 08 2019 10:35:13 GMT+3

The annual inflation rate in Latvia dropped to 2.9 percent in July 2019 from 3.0 percent in the previous month. It was the lowest inflation rate since March as prices slowed for housing & utilities (2.6 percent vs 4.3 percent in June) and miscellaneous goods & services (1.4 percent vs 1.8 percent) while transport cost fell (-0.2 percent vs 0.7 percent). On the other hand prices advanced faster for food & non-alcoholic beverages (4.2 percent vs 4.1 percent); alcoholic beverages & tobacco (5.6 percent vs 4.8 percent); recreation & culture ( 3.1 percent vs 3.0 percent); clothing & footwear (2.7 percent vs 1.3 percent); furniture & household equipment (2.8 percent vs 2.6 percent) and health (2.2 percent vs 1.9 percent). On a monthly basis consumer prices dropped 0.1 percent after increasing 0.3 percent in the prior month.

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