The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to 1-1/2-year peak on Monday as demand improved across vessel segments. * The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, added 47 points, or 2%, to 2,432, its highest level since September 2019.
Canadian housing starts rose 21.6% in March compared with the previous month on a surge in multiple urban starts, data from the Canadian Mortgage and Housing Corporation showed on Monday. The seasonally adjusted annualized rate of housing starts rose to 335,200 units from a revised 275,567 units in February, Canada's national housing agency said.
Brazil's economic activity rose sharply in February, a central bank index showed on Monday, one of the strongest monthly gains on record and the tenth straight month of expansion. The IBC-Br economic activity index, a leading indicator of gross domestic product, rose a seasonally adjusted 1.70% in February, following on from the previous month's 1.04% rise.
Brazil's 2022 inflation outlook rose above the central bank's official year-end goal for the first time, while the growth outlook for this year fell for a seventh consecutive week, a survey of economists showed on Monday.
* Dollar slumps to 6-week low. * Carry trade may thrive in low vol environment - ING. * MSCI EM FX index hits 1-month high. * Bitcoin trades near $57k after weekend plunge. * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E. By Ritvik Carvalho.
Bitfarms Ltd (BFARF): * BITFARMS ANNOUNCES DEAL FOR 210 MEGAWATT BITCOIN MINING DATA CENTRE AT US$0.022/KWH Source text for Eikon: Further company coverage:
STOCKHOLM--Skandinaviska Enskilda Banken AB (SVKEF) said Monday that Jens Magnusson, SEB's head of personal finance, has been appointed new chief economist of the bank. Magnusson will succeed Robert Bergqvist who, as previously announced, has chosen to step down from his role to instead become senior economist within SEB. Jens Magnusson and Robert Bergqvist will assume their new positions on Aug. 1..
Government debt levels globally are at record levels but they have become cheaper than ever to finance, thanks in part to central bank buying, Janus Henderson Investors said in a new report released on Monday.
* Dollar hovers above 1-month low. * Analyst says carry trade may thrive in low vol environment. * Bitcoin trades near $57,000 after weekend plunge. * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E. By Ritvik Carvalho.
1/ ECB DAY. The European Central Bank meets on Thursday and will likely be pressed on signs of divisions over the future pace of bond purchases, which have been stepped up recently to prevent a rise in borrowing costs from derailing the recovery.
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