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Month: September 2021
German Retail Sales fell by 5.1% MoM in July vs. -0.9% expected. Retail Sales came in at -0.3% YoY in July vs. 3.7% expected. According to the latest data reported by Germany’s Destatis on Monday, the country’s Retail Sales dropped by 5.1% MoM in July versus -0.9% expected and 4.2% last. On an annualized basis, the German
S&P up for the seventh consecutive months highlights Dow down for the second consecutive day S&P 500 close higher for the seventh consecutive month No record closes Major indices post gains for the month of August S&P and NASDAQ closes lower for the first time in three sessions Four S&P sectors were higher wall seven were lower
Slips into contraction The commentary on the results from Markit is extensive, reproduced below. Bolding is mine: “The Caixin China General Manufacturing PMI came in at 49.2 in August, down from 50.3 the previous month and falling into contractionary territory for the first time since April 2020. The reappearance of Covid-19 clusters in several regions
National Commodity and Derivatives Exchange Limited (NCDEX) on Tuesday launched the futures contract on the index NCDEX SOYDEX for September and October expiries. Today’s launch is the second successive offering in the sectoral indices in agri-commodities basket, the first being the NCDEX GUAREX, which was launched on August 16 of this month. NCDEX SOYDEX is
Euro jumps notably today, as supported by highest inflation reading in a decade, and hawkish comments from an ECB official, as well as rise in German yields. Though, it’s slightly outshone by Kiwi, Aussie and Swiss Franc for now. On the other hand, Dollar’s selloff continues to pick up momentum and even dips against Yen.