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Macro Indicators News Stream

Stocks in Slovenia Hit 12-year High
SBITOP increased to a 12-year high of 1169
Jul 31, 2021 14:37 (GMT)
Coffee Falls from Almost 7-Year High
Arabica coffee futures eased to $1.8 per pound from an almost 7-year high of $2.07 hit on July 26th as concerns eased over the impact of severe weather on Brazil’s three largest growing regions, Paraná, Sao Paulo and Minas Gerais. Still, prices are up 12% in July and more than 55% in the last 12 months after recent drought cut 2021 output and demand for at-home machines and instant brews have grown while cafes are welcoming back customers starved of out-of-home coffee culture. Global coffee consumption is expected to exceed production this year for the first time since 2017, according to the USDA.
Jul 31, 2021 12:38 (GMT)
China Services Activity Grows the Least in 5 Months: NBS
The official NBS Non-Manufacturing PMI for China dropped to a five-month low of 53.3 in July 2021 from 53.5 in the previous month, amid an outbreak of the Delta variant of COVID-19 in some parts of the country, particularly in the capital of China’s eastern Jiangsu province, Nanjing; and severe floods in central China. New orders shrank for the second consecutive month (49.7 vs 49.6 in June), export orders declined for the fourth month running (47.7 vs 45.4), and employment continued to fall(48.2 vs 48.0). Prices data showed input cost inflation was little changed from June's seven-month low figure (53.5 vs 53.4) while selling prices went up the least in three months (51.3 vs 51.4). Finally, confidence hit its lowest in six months (60.7 vs 60.8).
Jul 31, 2021 01:12 (GMT)
China Manufacturing Growth at 17-Month Low: NBS
The official NBS Manufacturing PMI for China fell to 50.4 in July 2021 from 50.9 a month earlier and missing market expectations of 50.8. This was the weakest pace of increase in factory activity since a contraction in February 2020, amid the Delta variant of COVID-19 outbreak in the eastern city of Nanjing, higher material cost, and extreme weather. Output (51.0 vs 51.9), new orders (50.9 vs 51.5), and buying level (50.8 vs 51.7) all rose at softer paces; while export sales declined the most in three months (47.7 vs 48.1). Meantime, employment shrank for the fourth month in a row despite the rate of falls softening from the prior month (49.6 vs 49.2. On the price front, both input cost (62.9 vs 61.2) and selling prices (53.8 vs 51.4) went up faster. Looking ahead, sentiment weakened to a one-year low (57.8 vs 57.9).
Jul 31, 2021 01:07 (GMT)
TSX Eases from Records
The Toronto Stock Exchange's S&P/TSX composite index finished Friday's session on a weak note, led by healthcare stocks. On the economic data front, the latest figures showed the Canadian economy likely expanded 0.7% mom in June, due to the easing of public health measures in many provinces. In May, however, the GDP contracted 0.3%. Meantime, the industrial product price index was flat, and the raw materials price index increased 3.9%. For the week and month, S&P/TSX added 0.3% and 0.5%, respectively.
Jul 30, 2021 20:09 (GMT)
Wall Street Loses Momentum
US stocks ended lower on Friday amid concerns about the economic recovery in the face of the spreading delta variant and China’s crackdown on large technology companies. Adding to a gloomier outlook, Amazon plunged more than 7% after it reported its first quarterly revenue miss in three years and gave weaker guidance. On the data front, both personal income and spending for June topped forecasts, while core PCE inflation came below expectations. On the monetary policy side, the US central bank decided to keep its benchmark interest rate at a record-low level of near-zero and the pace of the quantitative easing program unchanged. Still, policymakers characterized the economic recovery as robust and flagged ongoing discussions around the eventual withdrawal of monetary policy support. The Dow and Nasdaq have added 1.2% and 1% respectively in July, while the S&P 500 rose more than 2% over the same period.
Jul 30, 2021 20:02 (GMT)
Gold Eases Off Two-Week Peak
Gold bottomed around $1,810 an ounce on Friday, moving away from a two-week high of $1,832 touched in the previous session, as a strong rebound in the dollar spooked investors away from the precious metal. Still, gold ended the week on a high note, supported propelled by a dovish Federal Reserve. The US central bank kept its benchmark interest rate at a record-low level of near-zero and the pace of the quantitative easing program unchanged. Fed Chairman Powell said the US job market still had some ground to recover before it would be time to pull back support to the economy. Reinforcing Powell’s narrative, the latest figures showed the US economy grew solidly in the second quarter but more slowly than expected, and initial claims were above forecasts.
Jul 30, 2021 18:46 (GMT)
Malawi Leaves Interest Rate Steady at 12.0%
The Reserve Bank of Malawi left its benchmark policy rate unchanged at a record low of 12.0 percent at its July 2021 meeting. The decision aims to contain the impending inflationary pressure and the adverse effect of the recent COVID-19 pandemic restrictions. The Committee also mentioned that inflation rose to 9.1 for the second consecutive quarter, from 8.5 percent in the first quarter, due to a rise in food and non-food inflation. Policymakers noted that the domestic economy is set to recover in 2021 and grow by 3.8 percent. Meantime, the 2022 global economic growth forecast has been revised upwardly by 0.5 percentage points to 4.9 percent.
Jul 30, 2021 17:21 (GMT)
Colombia Jobless Rate Falls to 14.4% in June
The unemployment rate in Colombia fell to 14.4 percent in June of 2021 from 15.6 percent in the corresponding month of the previous year, as the number of unemployed dropped by 0.3 million to 3.47 million, while employment went up by 0.2 million to 20.62 million. Meantime, the employment rate rose to 51.1 percent from 50.8 percent, while the activity rate fell to 59.7 percent from 60.2 percent.
Jul 30, 2021 17:16 (GMT)
Milan Stocks End Week 1.1% Higher on Earnings
The FTSE MIB closed 153 points or 0.6% lower at 25,363 on Friday, in line with its European peers, as investors paused to digest a large batch of economic and earnings data, as well as monitor the pandemic situation. The Italian economy expanded by 2.7% over a quarter in the three months ending June 2021, easily beating market expectations of a 1.3% rise, a preliminary estimate showed. Also, the jobless rate in Italy fell to a 7-month low of 9.7% in June, against forecasts of 10.4%. On the corporate side, Unicredit finished 2nd with a 2.8% rise after beating forecasts with €1.1 billion in Q2 profits and announcing plans to takeover the commercial activities of Italy’s oldest bank Banca MPS. Meanwhile, oil stocks ENI and Saipem revealed diverging results, with the former posting €1.20 billion in 1H 2021 profits and the latter revealing a €0.78 billion net loss in the same period. The index saw a 0.4% monthly gain and rose a faster 1.1% for the week.
Jul 30, 2021 16:23 (GMT)

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