Makro
Economic Calendar: Germany, France, U.S. Trade Data on Sept. 8
Germany and France release July trade balance figures, while the U.S. reports consumer credit and China posts its August trade surplus data.
Schweizer Wirtschaftskalender: Schlüsselereignisse 8.-15. September
Die Resultados der Bundesanleihen, die Inflationszahlen des BFS und die Hotel-Daten, sowie Updates von Repower und Sandoz bilden den Abschluss einer Schweizer Woche, die mit Gewinnermittlungen und politisch wichtigen Veröffentlichungen gesegnet war.
SMI Lower Before Trading, Asian Markets Mixed on Yen Strength
Switzerland's SMI futures point lower after Monday's decline, while Asian equities show mixed results as speculation builds around further Bank of Japan rate hikes.
AI Boom Creates Next Bottleneck: Energy Demand Surges
New AI data centers require gigawatts of power, sparking a global race for electricity supplies and pushing energy stocks into focus.
Robust US payrolls data reinforces rate‑hike expectations, prompting gold to ease while markets await inflation prints
Strong US jobs numbers have bolstered expectations of further Federal Reserve rate hikes, pushing gold lower as investors await upcoming inflation data.
Robust US payrolls data reinforces expectations for higher rates, impacting gold ahead of inflation data
Strong US payrolls data has heightened expectations for higher interest rates, influencing gold as the market awaits upcoming US inflation figures.
US stocks fall after hot jobs report
US equities declined after a stronger‑than‑expected employment report raised expectations for Federal Reserve rate moves.
Goldman Sachs and Deutsche Bank Offer Credit Baskets on French Election Outcome
Banks are marketing AT1 bond baskets and total-return swaps tied to France's April presidential vote, as political risk and a budget deficit above 5% weigh on French credit spreads.
Markets prepare for US inflation data after mixed Asian session, tech rally
Global markets are looking ahead to upcoming US inflation figures, following a day of varied performance in Asian equities and strength in technology shares.
BLS revises NY employment up, Buffalo job growth weaker
Preliminary BLS employment data indicates an upward revision to New York statewide employment, while Buffalo job growth appears weaker than earlier estimates.
US manufacturing employment rises to 12,638 in August 2026
FRED data from the Bureau of Labor Statistics show seasonally adjusted manufacturing payrolls increased from 12,622 in July to 12,638 in August 2026.
Bank of England Governor Warns AI Could Trigger Global Financial Downturn
Andrew Bailey told G20 finance ministers that frontier AI poses cyber-risk and amplifies leverage concerns, urging international safeguards on model deployment.
Bond Sell-Off Deepens as US-Iran Tensions Fuel Inflation Fears
UK 10-year gilt yields surge to their highest since mid-2008 as renewed Middle East fighting pushes oil toward $95 and raises the cost of sovereign borrowing worldwide.
US August jobs beat forecasts, unemployment steady at 4.1%; oil explorer stocks slide on Argentina sanctions threat
Nonfarm payrolls rose by 162,000 in August, far above the 56,000 estimate, while the unemployment rate held at 4.1%. Shares of Falklands oil firms fell after Argentina warned of sanctions.
US Jobs Report Preview: Potential Impact on Fed Rate Decision
Investing.com analysts expect the August NFP to show 55K jobs, 0.3% earnings growth and 4.1% unemployment, with leading indicators pointing to 75‑125K jobs, influencing a roughly 60% chance of a Fed hike.
U.S. 10-year Treasury yield jumps to 4.823% after strong payrolls
The 10‑year yield rose from 4.746% to 4.823% following an August nonfarm payrolls report that added 162,000 jobs, reviving expectations of a September Fed rate hike.
China’s new graduates face a dire job market and AI challenges
A record 12.7 million recent graduates in China are seeking employment as AI adoption reshapes the labor market.
Die 30-Jahres-Mortgage-Zinsspanne erreicht ein 14-monatiges Hoch, was die Nachfrage nach Wohnimmobilien dämpft
Der durchschnittliche Zinssatz für eine 30-jährige feste Hypothek stieg von 6,66 % letzte Woche auf 6,71 %, den höchsten Wert seit Juli 2025, während die Anzahl der noch zu verkaufenden Häuser im August um 0,2 % zurückging und damit zum ersten Mal seit November 2025 sinkte.
Swiss unemployment stable as short‑time work declines
Unemployment held at 3.0% in August while youth joblessness rose seasonally; short‑time work fell 16% from April to May, signaling a resilient labour market.
Eurozone Q2 GDP revised to 0.6% QoQ, outpacing US 0.4% growth
Eurostat lifted the euro area’s second‑quarter GDP growth to 0.6% from 0.4%, driven by a 10.2% surge in Ireland, while the United States posted 0.4% growth. Spain, Germany and Italy also posted modest gains.
Key data and earnings to watch this week: US CPI, ECB rate hike, Oracle and Adobe results
US consumer price index is forecast at 3.4% YoY, the ECB is expected to lift rates by a quarter point, while Oracle and Adobe are set to report earnings and strategic financing plans.
Sentix eurozone confidence index rises to +5.1 in September, highest since Feb 2022
Sentix's September survey showed the eurozone business climate index jumped 4.2 points to +5.1, marking a fifth straight monthly gain and beating forecasts for a modest rise.
Deutschland wird nach einem missglückten Drone-Angriff ein Anti-Sabotage-Schutzsystem einrichten
Innenminister Alexander Dobrindt kündigte ein Massnahmenpaket für die Polizei, Cyberpunkte und KI an, mit dem Flughäfen, Verkehrsknotenpunkte und kritische Infrastrukturen vor Drohnen- und Sabotagebedrohungen geschützt werden sollen.
Citi's 'Warsh Shadow Rate' gauges Fed hike risk ahead of September meeting
Citi research has built a 'Warsh Shadow Rate' using indicators from former Fed Chair Kevin Warsh's Jackson Hole remarks. The metric, near historic highs, signals a potential September rate hike and could pressure Treasury yields.