Fx Primus Rebates

Euro, Pound Fall Amid Risk Aversion On Disappointing Earnings

The euro and the pound drifted lower against their major counterparts in the European session on Friday, as European shares declined, tracking a plunge in U.S. stock futures, as Amazon and Alphabet’s earnings missed forecasts. Google parent Alphabet missed analysts’ quarterly revenue estimates for the first time in at least two years, while Intel reported…

Fx Primus Rebates

Singapore Industrial Production Drops First Time In 10 Months

Singapore’s industrial production decreased for the first time in ten months during September, defying expectations for further growth, preliminary data from the Economic Development Board showed on Friday. Manufacturing output fell 0.2 percent year-on-year following a 3.7 percent increase in August. Economists had forecast a 3.5 percent gain. The latest decline was the first since…

Fx Primus Rebates

Gold Prices Rise As Equities Tumble

Gold prices inched higher on Friday and remained on track to end higher for the fourth straight week, the longest string of weekly gains since January, as global equities plunge amid concerns over earnings growth, trade tensions and political uncertainty in Europe. Spot gold rose 0.60 percent to $1,236.52 an ounce while U.S. gold futures…

Fx Primus Rebates

Sweden Trade Balance Swings To Surplus In September

Sweden’s trade balance logged a surplus in September, Statistics Sweden reported Friday. The trade surplus totaled SEK 1.4 billion compared to a shortfall of SEK 7.7 billion in August. In the same period last year, the surplus was SEK 2.4 billion. On a yearly basis, exports advanced 9 percent and imports increased 10 percent in…

Fx Primus Rebates

Russia Holds Key Rate Unchanged

Russia’s central bank left its key interest rate unchanged in October after hiking it in a surprise move in the previous month. The Board of Directors decided to hold the key rate at 7.50 percent, the Bank of Russia said in a statement on Thursday, in line with economists’ expectations. In September, the rate was…