Inflation Data
Die Rendite der 10-Jahresanleihen brach auf 5,23% und erreichte damit ihren höchsten Stand seit 2007
Die Referenzrenten für 10-jährige Treasuries stiegen am Freitag auf 5,23% und erreichten damit ihren höchsten Stand seit 2007, da sich festgelegte Inflationserwartungen sowie eine starke Zinserhöhung bei der Emissionserhöhung auswirken.
Bitcoin fällt unter 83.000 US-Dollar, da Händler vier Zinsschritte der Fed bis Juni 2027 angeben
Steigende Zinssätze für Staatsanleihen sowie ein stärkerer Dollar belasten Kryptowährungen und Gold angesichts der Erwartungen einer verlängerten Geldstraffung.
Die europäischen Aktien fallen angesichts steigender Zinsen und geopolitischer Risiken
Die Indizes gingen zurück, während die Zinserwartungen stiegen, US-Konjunkturdaten weitere Zinserhöhungen durch die Fed befürchteten und die Schwäche des Sektors anhielt.
Der weltweite Verkauf von Staatsobligationen treibt die Renditen britischer Staatsanleihen auf ein 19-Jahres-Hoch vor dem Haushaltsentwurf
Ein Verkaufsrausch bei Staatsanleihen brachte die Renditen für 10-jährige britische Bonds auf 5,38 %, was einen grossen Teil des fiskalischen Spielraums unter dem Finanzminister John Healey wegnimmt, mit dem er für den nächsten Monatens Haushalt verfügen muss.
Die SNB hält die Zinssätze bei null, da Spekulationen über Zinserhöhungen schwelen
Die Schweizerische Nationalbank hat ihren Leitzinssatz bei 0,00% gehalten und ihren Inflationsausblick verbessert, obwohl die Ökonomen sich bezüglich des Zeitpunkts oder sogar der Tatsache, ob es zu einer Zinssatzanhebung komme wird, uneins sind.
Die EU warnt vor dem Risiko einer Energiekrise und drängt auf die Begrenzung der Nachfrage im Kontext des Konflikts mit dem Iran
Brüssel appelliert an die Mitgliedstaaten, die Energieverwendung zu reduzieren, da Brent-Rohöl über 107 US-Dollar je Barrel steht und die Hormuschlucht weiterhin geschlossen bleibt nach den US-israelischen Angriffen auf den Iran.
Die Preise für Urlaubspakete in der EU steigen im August um 3,2 %, die Flugpreise fallen um 0,4 %
Die Daten von Eurostat zeigen, dass die Kosten für Pauschalreisen der EU im August 2026 dem Inflationsprozess von 3,2 % des Blocks entsprachen, während die Preise im Flugverkehr für Passagiere um 0,4 % gegenüber dem Vorjahresmonat zurückgingen.
Ungarn könnte die Zinsen in diesem Jahr senken, wenn der Euro-Plan vorankommt, sagte der stellvertretende Gouverneur
Die Nationalbank Ungarn liess ihren Leitzins unverändert bei 5,5 % und senkte ihr Inflationsziel auf 2,5 %. Der stellvertretende Gouverneur Zoltan Kurali sagte, eine weitere Lockerung sei bis Jahresende noch möglich, wenn es zu einer fiskalischen Klarheit kommt und die Einführung des Euro voranschreitet.
Das FedWatch-Tool zeigt eine Wahrscheinlichkeit von 56 % für eine Zinserhöhung im September 2026
Die nach der Rede von Fed-Vorsitzenden Warsh in Jackson Hole erfolgte Änderung des Marktpreises erhöht die Wahrscheinlichkeit eines Zinsschubs um 25 Basispunkte auf nun fast 56% bei der FOMC-Sitzung am 16. September.
Die Anleger konzentrieren sich auf Wachstumskrisen und Zinserhöhungen
Geopolitische Spannungen und Anleihenrenditen dominieren die Börsenwoche – Brent-Ölpreis bleibt stabil, SMI überschreitet 14'000 Punkte nur kurzzeitig
UBS sieht erstarkt Busstärke zwischen Dollar und Franken aufgrund des Zinngapps nach der Zinspause der SNB
Die zurückhaltende Haltung der Schweizerischen Nationalbank und die steigende Schweizer Inflation könnten das USD/CHF unterstützen, da UBS eine Spanne von 0,84-0,85 für Mitte 2027 prognostiziert und kurzfristigere Ziele von 0,81 im Dezember und 0,79 im März angibt.
Die Geldmenge in der Eurozone wuchs im August mit 3,5 % deutlich schneller
Die wirtschaftlichen Expansionsdrucke bleiben persistieren, da die allgemeine Geldmenge M3 den höchsten Anstieg seit Mai 2025 verzeichnet, während sich die Kreditentwicklung bei Haushalten und nicht-finanzierenden Unternehmen unterscheidet.
Schweizer Ökonomen erhöhen die Wachstumsprognose für 2026 und 2027 auf 1,7 Prozent
Die Expertenbewertungen zeichnen eine stärkere Investitionstätigkeit und eine stabile Preisentwicklung aus, während Arbeitsmarkt und Franken stabil bleiben.
Die US-Aktienmärkte leiden unter Zinserwartungen und Ölpreisschocks
Meta und Logitech unter Druck; der Schweizer SMI leicht im Minus, während Nestlé und Novartis stabil bleiben.
Die Wahrscheinlichkeit für eine Zinserhöhung der Fed im September sinkt auf 25%, da die bescheidenen Inflationsdaten die Märkte beruhigen
Der CPI und der PPI von Juli lagen kühler aus als erwartet, was die Wahrscheinlichkeit für eine Zinserhöhung von grob 60% auf ein Viertel zurückführte und den Druck auf Fed-Präsident Kevin Warsh, noch weiter zu straffen, abnahm.
Bitcoin fällt unter 84.000 USD nach dem Ralliergang von 75.000 USD, die Renditen steigen nach der Zinssatzerhöhung der Fed
Bitcoin setzte eine etwa 13-prozentige viertägige Rallye um und fiel unter die 84.000 US-Dollar, da der Zins der 10-jährigen US-Treasury-Anleihen auf 5,058% stieg, angetrieben durch die Zinsentscheidung der Fed vom 16. September und die über die Erwartungen hinausgehenden Daten des S&P Global PMI.
Die SNB lässt die Zinssätze bei 0% stehen, während die Schweizer Inflation steigt
Die Schweizerische Nationalbank hat ihren Referenzzins auf null Prozent beibehalten, trotz des Inflationsdrucks, und bezeichnet Energiepreissteigerungen als einen Schlüsseltreiber.
Die SNB lässt die Zinssätze bei 0% liegen angesichts steigender Inflation und globaler Unsicherheit
Die Schweizerische Nationalbank lässt den Leitzins bei 0% unverändert, während sie die erhöhten Inflationsdrucke und die geopolitischen Risiken betont.
Der Chefökonom der EZB sieht bei der steigenden Inflation keinen grossen Lohnanstieg
Philip Lane sagt, dass eine Inflation von über 3% nicht auf die Lohnforderungen durchgeschlagen wird, da sich die Unternehmen die chinesische Konkurrenz und die Automatisierung als Gründe anführen, die Löhne stabil zu halten.
Die Schweizerische Nationalbank kann die Zinsen erhöhen, da sich die Inflationsaussichten verbessern: Swiss Life
Chief Economist Marc Brütsch meint, dass die SNB ihren Leitzins von null aufheben könnte, während die Beschäftigungsentwicklung und die durch KI bedingten Strukturveränderungen die wirtschaftlichen Aussichten beeinflussen.
Gold flacht aus, da die Wetten auf Zinserhöhungen die Edelmetalle belasten
Gold stand dicht über 4.282 USD pro Unze, da Händler eine zweite Folgereinstellung des US-Zinses erwarteten, während das Öl aufgrund diplomatischer Signale aus dem Iran nachgab.
Richmond Fed-Präsident Thomas Barkin kommentiert die Verstärkte Aktivitäten und die Inflationsstreben
Richmonds Fed-Präsident Thomas Barkin sagte, die wirtschaftliche Aktivität erhalte sich, während die Inflationsdrucke persisten.
Die OECD erhöht die Wachstumsprognose für 2026 wegen der hohen Ölpreise und warnt vor Risiken für 2027
Der weltweite Wachstum wird bis 2026 auf 2,9 % schrumpfen, was angesichts der hohen Ölpreise überraschend ist, doch für 2027 liegen Abwärtsrisiken.
Der Schweizer Franken gewinnt als sicherer Hafen, erklären Analysten
Deutsche Bank und Goldman Sachs sehen Potenzial für Aufwärtsbewegung des Schweizer Frank, da die Nachfrage nach sicheren Häusern und die abnehmende Intervention der Zentralbanken den EUR/CHF kursneutralisieren.
Pound falls to 1.3292 as dollar rebounds on Fed hawkishness
Sterling dropped 0.40% against the dollar while the euro slipped, as the greenback held firm on hawkish Federal Reserve rhetoric and resilient U.S. labor-market data.
Richmond Fed President Barkin says economy may be firming, inflation not limited to energy and tariff shocks
Richmond Fed President Barkin said the economy may be firming while inflation remains broader than just energy and tariff shocks.
US stock futures edge up as Treasury yields, inflation data weigh on markets
Futures move slightly higher while investors brace for upcoming wholesale and consumer inflation reports.
German growth outlook revised up to 1.3% for 2024, 1.1% for 2027
Leading German economic research institutes raised their GDP forecasts, citing infrastructure spending and reduced geopolitical risks as key drivers.
Deutsche Bank forecasts two BoE rate hikes in November and February as inflation eases
The bank shifted from expecting no further increases to projecting two quarter‑point rises, citing the September MPC minutes that showed waning tolerance for elevated inflation and limited second‑round effects. It notes the moves would be insurance hikes, with rates still guided by energy prices and a Taylor Rule estimate just above 4%.
UK borrowing jumps to £18.3bn in August, £3.5bn above OBR forecast
Public finances data show Britain borrowed £18.3bn in August, exceeding the Office for Budget Responsibility's forecast by £3.5bn and the City estimate by £2.7bn. Net debt is just under £3tn, or 94% of GDP.
Canadian dollar edges lower as oil holds above $100 on inflation watch
The loonie slipped against the U.S. dollar as investors balanced rising oil prices against trade worries and awaited U.S. producer-price data to guide Federal Reserve policy expectations.
Pound Slips as Fed Rate-Hike Bets and UK Inflation Uptick Weigh
GBP/USD fell to 1.3474 as expectations for a Federal Reserve rate increase and a rise in British inflation tempered sterling's momentum against the dollar.
Dimon Says Hyperscaler AI Spending Could Reach $1 Trillion Next Year
JPMorgan Chase CEO Jamie Dimon said AI investment across the hyperscaler ecosystem may top $1 trillion in 2027, up from roughly $700 billion this year, while warning the surge could add to inflation.
Gold climbs to $4,359 as oil slump eases inflation concerns, Trump hints at Iran talks
Spot gold rose 0.4% to $4,359.40 amid a 9% oil decline, while Fed rate hike and ETF inflows support the rally; President Trump is set to address the UN later Tuesday.
Pound Slips as Fed Hike Bets, UK Inflation Data Weigh on Sterling
Sterling fell to 1.3474 against the dollar as Federal Reserve rate-hike expectations strengthened alongside a UK CPI uptick to 3.1%, though core pressures remain contained.
EU Gas Prices Rally on Storage Deficit and ECB Inflation Pressure
Dutch TTF and British NBP contracts climbed as Europe's underground storage lags the five-year average by 16 percentage points and ECB rate hikes reinforce inflation dynamics.
ECB's Panetta: AI gain distribution will shape inflation dynamics
Fabio Panetta warned that whether artificial intelligence boosts demand through new tasks or suppresses it via automation will determine the timing and magnitude of inflationary or disinflationary pressures.
U.S. Treasury Yields Cross 5% as Fed Raises Rates for First Time in Three Years
BlackRock sees AI-driven financing demands of nearly $8 trillion annually by 2030 and a structurally steeper yield curve lifting the cost of capital.
Schweizer Inflation steigt weiter – SGKB warnt vor Basiseffekten
Die Teuerung in der Schweiz beschleunigt sich, doch Experten betonen statistische Gründe und begrenzte Risiken für eine nachhaltige Erhöhung der Preise.
Key Markets Themes: Trade Talks, Flash PMIs, Costco Earnings This Week
U.S.-China AI and trade talks dominate as flash PMIs and Costco results round out a busy earnings and economic data week.
European Stocks Slide After ECB Lifts Rates to Highest Since April 2025
STOXX 600 fell 0.7% as the European Central Bank raised its deposit rate by 25 basis points to 2.50%, while Brent crude breached $100 a barrel amid surging eurozone inflation.
Eurozone yields near decade highs amid Brent crude surge and ECB-Fed watch
U.S. Treasury yields hover just below 5% as Brent crude climbs 3% ahead of ECB and Fed rate decisions.
Companies Rush to Assess Impact of U.S.-Canada Tariffs
President Trump's levies on an eclectic list of Canadian products have businesses scrambling to determine whether their supply chains are affected.
ECB wage tracker shows 2.7% negotiated wage growth projected for H1 2027
The ECB’s forward‑looking wage tracker, based on collective bargaining agreements signed through August 2026, indicates a modest rise in euro‑area wage pressures, with employee coverage still limited but expected to grow.
Frankfurt Stocks Edge Higher Ahead of US Rate Decision
Germany's Dax rose 0.17% to 25,450 as investors awaited the Federal Reserve's rate decision Wednesday, with AI-themed shares leading gains.
SMI drops 0.47%, oil above $100 weighs on global equities
Swiss benchmark closed lower as crude prices surpassed $100 a barrel for the first time since May, while ECB raised rates as expected and US producer prices came in hotter than forecast.
Swiss producer and import prices rise 0.7% in August as energy costs climb
The Federal Statistical Office reported a 0.7% month-on-month increase in the combined producer and import price index to 100.4 points, driven by higher oil and gas prices. Annual PPI remained negative at -0.7%, while the consumer price index rose to 0.8% year-on-year in August 2026.
Dollar steadies near record highs amid Fed rate hike expectations
Asian currencies fluctuated on Tuesday, with the dollar holding steady near its highest levels in months ahead of the Federal Reserve’s policy decision.
Bitcoin dips below $77,000 as US PPI surprise lifts bond yields
Bitcoin fell about 2% to under $77,000 after US producer‑price index rose 5.4% YoY, pushing the 30‑year Treasury yield to 5.353%, its highest since 2007. Oil prices also surged past $100 per barrel.
ECB lifts key rate to 2.5% as Iran war fuels energy-driven inflation
The European Central Bank raised its deposit facility rate by 25 basis points to 2.5%, citing sustained inflation pressures from Middle East conflict and energy shocks that will keep prices well above target.
EUR/USD drops 0.3% after ECB raises rates by 25 bps
The euro slipped against the dollar following the European Central Bank’s 25-basis-point hike in key rates, testing critical technical support levels amid persistent inflation pressures.
SNB Rate Decision Leads Busy Week of Global Central Bank Announcements
The Swiss National Bank joins Norges Bank, the Riksbank, and Banxico on Thursday's slate of policy meetings, alongside Chinese LPR decisions, global flash PMIs, and a US-China summit.
Fed Meeting Sets Up Hawkish Trap for Warsh; Bitcoin Awaits Verdict
Markets have priced in a near-certain quarter-point rate hike and further tightening this year, leaving Fed Chair Kevin Warsh little room to disappoint without triggering a sharp rethink of the dollar and bond yields.
US equities slide as Fed, oil prices and inflation concerns weigh on markets
Dow Jones, Nasdaq 100 and S&P 500 all decline amid geopolitical tensions, rising oil prices and investor fears of Fed rate hikes
Angola's central bank cuts its key lending rate by 100 basis points as inflation falls to single digits
Angola's central bank reduced its key lending rate by 100 basis points after inflation moved into single‑digit territory.
US Markets Slip on Higher Producer Prices; Oil Tops $100
The Dow fell 0.3%, the S&P 500 lost 0.5% and the Nasdaq dropped 0.7% as unexpected US producer-price growth stoked inflation worries and pushed WTI crude above $100 a barrel for the first time since May.
Kashkari Says Inflation Pressures Extend Beyond Oil Prices
Minneapolis Fed President Neel Kashkari argued that US price pressures run deeper than energy costs, even as crude prices eased and the central bank holds rates at 3.75%-4.00%.
Minneapolis Fed President Neel Kashkari Says Inflation Pressures Extend Beyond Oil Prices
Kashkari told Fox News that inflation pressures are broader than just oil price movements.
Brent crude surges past $100 amid tanker attacks and supply fears
Oil prices rose sharply on Thursday, driven by escalating tensions in the Red Sea and broader supply concerns as Brent crude climbed above $100 per barrel.
U.S. Treasury yields climb ahead of upcoming CPI data release
U.S. Treasury yields are rising as the market awaits the upcoming CPI data release.
Wall Street erwartet weitere Verluste mit Fed-Fokus auf Zinsen und Inflation
US-Indizes zeigen schwache Entwicklung, während Ölpreise und Nahost-Konflikt die Stimmung belasten. Quartalszahlen von Tech- und Konsumgüterfirmen zeigen gemischte Ergebnisse.
ECB raises deposit rate to 2.50% amid sticky inflation
The European Central Bank delivered a fourth quarter rate hike as expected, bringing the deposit rate to 2.50% against inflation still at 3.3% in the euro area.
US Initial Jobless Claims Fall Slightly to 206,000
US unemployment claims dipped 1,000 to 206,000 last week, staying near historic lows and reinforcing the case for a potential Fed rate hike next week.
UK Inflation Expected to Rise to 3.1% in August on Fuel and AI Pressure
British inflation is forecast to climb from 2.9% to 3.1%, driven by higher fuel costs and an "AI-flation" effect from chip shortages, while gilt yields hit a 2007 high.
EZB erhöht Leitzins auf Rekordhoch – Inflation bleibt über Zielwert
Die Europäische Zentralbank (EZB) hob den Einlagensatz auf 2,50 % an, nachdem die Inflation im Euroraum bei 3,3 % blieb und über dem Zielwert von 2,0 % lag.
ECB raises key rates by 25 bps, deposit facility to 2.50%
The ECB Governing Council lifted its deposit, main refinancing and marginal lending rates by 25 basis points to 2.50%, 2.65% and 2.90% respectively, citing persistent inflation pressures from the Middle East conflict.
ECB Raises Key Interest Rate to 2.5%, Highest Since Early 2025
The European Central Bank hiked its deposit facility rate by a quarter-point to 2.50%, citing persistent inflation well above its 2% target amid Middle East conflict-driven energy costs.
Dollar strength, Fed hike push yen to one-week low
As the U.S. dollar index rose 0.4% to 99.89, Asian currencies showed mixed performance amid a hawkish Federal Reserve stance and elevated Treasury yields.
Markets Price 90% Chance of First Rate Hike Under Fed Chair Warsh
Financing-indicator odds sit near 90% for a 25-basis-point lift at Wednesday's FOMC meeting, pushing rates to 3.75%-4.00%. Inflation remains at 3.4%.
Trump Threatens Trade Cuts Over Fed Zinserhöhung
US President Donald Trump reiterated threats to impose trade restrictions on certain nations if the Federal Reserve fails to cut interest rates, amid a strong August jobs report and persistent inflation.
ECB Expected to Raise Key Interest Rate Amid Spiking Eurozone Inflation
The ECB is expected to raise its key interest rate as Eurozone inflation accelerates amid energy and geopolitical pressures.
Sep 16, 2026 Preview: Key Economic Data Releases and Corporate Events
The day features investor days for Salesforce and On Semiconductor, alongside a slate of UK, Italian and euro‑area inflation and activity data, US retail sales, trade prices, housing indicators and a Federal Reserve policy decision, plus legal and banking‑sector events in France and Germany.
Swiss Economic Calendar: Data Releases and Corporate Events, Sept 14–21
A week of Swiss macro data, earnings and conferences including Repower, R&S, Aevis, Helvetia Baloise, UBS banking-law debate and the Investora conference.
Goldman Sachs now expects Fed to raise rates by 25 bps in September
The revision follows stronger-than-expected US producer price data and oil price rises above $100 per barrel, raising expectations of further monetary tightening.
Germany Inflation Rate Climbs to 2.9 Percent on Expensive Energy
Rising energy costs push Germany's headline inflation to 2.9 percent, while core inflation also climbs to 2.4 percent year on year.
Brazilian Dollar Slides to R$5.1065, Lowest Since August
Spot exchange rate drops 0.91% as Brazil’s foreign reserves tighten and geopolitical tensions weigh on risk appetite.
Eurozone stocks rebound from lows as weak payrolls temper rate bets
European indices recovered from one-month lows amid mixed economic data, with producer prices surging and U.S. payrolls falling short of expectations.
Euro Zone Yields Hold Near Multi-Year Peaks Ahead of ECB Decision
German bund yields hovered near multi-year highs as energy-driven inflation pressured the ECB, while surging U.S. PPI data pushed Treasuries higher and reshaped rate-hike expectations.
Eurozone yields near record highs ahead of ECB rate decision
German Bunds and U.S. Treasuries both hit multi-year peaks as inflation data and Fed policy expectations shape market expectations.
SMI leitet Woche mit leichten Gewinnen ein, aber Ölpreise und EZB-Zinserwartungen bleiben Risikofaktoren
Der Schweizer Leitindex SMI startet mit einem minimalen Plus von 0,2 %, doch breitere Verluste in der Vorwoche und Ölpreise über 100 USD/Barrel belasten die Stimmung.
U.S. inflation outpaces wage growth in August, squeezing household budgets
Consumer prices rose 3.4% YoY in August while average hourly earnings increased 3.1%, leaving real wages down 0.1% from July and prompting shoppers to shift toward discount retailers.
Fed Survey Shows Modest Growth, Moderate Price Gains Across Districts
The Federal Reserve's latest Beige Book found economic activity rose modestly and prices increased at a moderate pace, with energy costs and tariff concerns weighing on sentiment ahead of the September policy meeting.
Brent crude oil prices rise above $100 a barrel amid escalating Middle East conflict
Brent crude oil prices have climbed past $100 a barrel amid heightened conflict in the Middle East.
Major European Central Banks Prepare for Policy Meetings Amid Diverging Rate Outlooks
European central banks are gearing up for upcoming policy meetings as inflation and interest rate expectations across the region continue to diverge.
Central banks face tricky calls as energy prices complicate inflation outlook
The ECB expects a September rate hike, but Fed policymakers are split on further moves, while the SNB sees room to hold steady.
Fed Turns Hawkish After August CPI Shows Sticky Inflation
Headline inflation held at 3.4% and core CPI remained at 2.4% in August, prompting the Federal Reserve to adopt a firmer stance and drive repricing across US rates and dollar markets.
Daily Global Financial Calendar: Sept. 10 — ECB Rate Call Tops Busy Data Day
The ECB's interest-rate decision leads a crowded schedule that includes US wholesale trade, factory-gate prices, jobless claims, and major corporate earnings from Adobe and Macy's.
Swiss Economic Calendar: Sep 10–17 Covers Earnings, Inflation Data and Policy Meetings
Switzerland's key economic releases include BFS inflation figures, Repower and Helvetia Baloise half-year results, OECD country report, and UBS banking-law testimony before the Council of States.
Fed Hawkish Policy, Strong Macro Data Spark Global Fixed-Income and FX Repricing
A Federal Reserve policy decision alongside August core CPI of 0.3% month-over-month and retail sales rising 1.2% month-over-month drove global fixed-income and foreign-exchange repricing.
ECB, Fed, SNB Face Divergent Rate Paths as Energy Prices Complicate Outlook
Central banks navigate diverging inflation pressures and growth signals ahead of key September meetings in Frankfurt, Washington, and Bern.
Asian currencies steady as risk-off tone weighs, yen holds near highs
U.S. dollar rose on hotter-than-expected PPI data, pushing Fed September-rate-hike odds to 73%. The yen stayed near recent highs even as oil topped $100.
Gold climbs over 1% as subdued dollar and oil rally lift metal
Gold rose more than 1% against a weaker US dollar, with traders awaiting upcoming US inflation data and reacting to an oil rally.
US 10-Year Treasury Yield Approaches 5% on Oil, Rate Hike Fears
The benchmark US 10-year Treasury yield nears the psychologically significant 5% level as elevated oil prices and growing concerns over potential Federal Reserve rate hikes weigh on markets.
Gold Steady Near $4,400 as Inflation Data Looms
Gold prices held firm around $4,400 an ounce as traders positioned ahead of U.S. inflation readings that could shape expectations for a Federal Reserve rate hike.
Gold climbs over 1% amid a subdued US dollar and ongoing oil rally ahead of US inflation data
Gold prices rose over 1% as the US dollar weakened and oil prices continued to gain ahead of upcoming US inflation data.
Bank of Canada holds 2.25% rate amid inflation risks, trade uncertainty
The central bank left its key overnight rate unchanged at 2.25% while weighing economic recovery against inflation pressures tied to oil prices and U.S. tariffs.
US Stocks Retreat as Oil Tops $100 Ahead of Inflation Data
Wall Street gave up gains as crude prices crossed the $100 mark and Treasury yields climbed, with investors bracing for coming inflation figures.
UK FTSE indexes fall to more than one-month low amid selloff over oil and inflation
UK FTSE indexes dropped to a more than one-month low amid a broad selloff linked to higher oil prices and inflation concerns.
FedWatch shows 25 bps hike in September still priced in
Market pricing suggests a 25 basis-point rate hike remains a key possibility for September, reflecting evolving inflation expectations.
ECB faces expectations of rate hike amid fresh inflation fears from Iran war
The European Central Bank is expected to raise rates as fresh inflation concerns linked to the Iran war affect the Eurozone.
Gold firms as weaker dollar and Middle East risks boost prices ahead of inflation data
Spot gold rises on a softer U.S. dollar, rising geopolitical risk from the Middle East and anticipation of Thursday's inflation report.
Aquila-CIO Marchesi: Bond Market Biggest Worry Amid Oil, AI and US Debt Pressures
The Aquila chief investment officer says the bond market poses the greatest risk as US refinancing costs surge, while AI capex cycles face scrutiny over circular financing.
Barclays projects BoE rate hikes in November, February amid inflation concerns
Bank of England holds rates at 3.75% as MPC votes 6-3 to pause, but Barclays forecasts further hikes in November and February 2027, citing inflation risks from energy prices and geopolitical tensions.
Euro-Area Consumers Raise Inflation Outlook as Growth Stays Pessimistic
The ECB's August consumer survey shows median expected inflation rising across all horizons, while growth expectations remain negative and the labour market outlook edges slightly more positive.
Euro Zone Bond Yields Retreat From Weekly Spikes as Post-Fed Relief Takes Hold
German 10-year bund yields anchored near 3.49% after Tuesday's sell-off, while the Fed, BoE and BOJ delivered rates moves that steadied fixed-income desks across Europe.
U.S. Jobless Claims Drop, BOE Holds Rates Amid Central Bank Divergence
Weekly initial jobless claims fell to 196,000 while the Bank of England kept borrowing costs at 3.75%, contrasting with the Fed's recent 25-basis-point hike that lifted stocks.
ECB's Vujčić Says Central Banks Remain Cautious on AI's Productivity Impact
ECB Vice-President Boris Vujčić says persistent higher prices could erode purchasing power and food inflation may peak at 3.4% in Q3 2027, while noting uncertain AI productivity outlook.
Wall Street Falls on Surging Oil Prices and Fed Rate-Hike Fears
Dow dropped 1.18% and Brent crude neared $99.32 as Middle East tensions and inflation readings ahead kept pressure on equities.
Fed Rate Hike Raises Stakes in Inflation Fight as Markets Price More Moves
The US central bank raised rates for the first time since 2023, and traders now expect three additional hikes by mid-next year as inflation remains entrenched above the 2% target.
SMI Gains as Fed Rate Hike Brings Relief; UBS Decision Deferred
Swiss shares post modest gains after the US Federal Reserve raised rates by 25 basis points as expected. UBS capital-rule debate resumes next week.
Bank of England holds rate at 3.75% as inflation stays above target
The Monetary Policy Committee voted 6-3 to keep the Bank Rate unchanged, citing persistent price pressures and a possible rise to 4.00% in November.
US nonfarm payrolls rise 162,000, putting Fed rate decision on upcoming inflation data
Nonfarm payrolls increased by 162,000, making the Federal Reserve’s next rate move contingent on forthcoming inflation numbers.
Bitcoin Tests 2022 Parallel as Fed Resumes Rate Hikes
The Federal Reserve delivered its first increase in over three years, lifting rates to 3.75%-4%. Bitcoin, down roughly 40% from its October high, mirrors its position before the 2022 tightening cycle began.
Diesel prices hit U.S. record as inflation pressures mount
Geopolitical tensions and tight refinery capacity push diesel to $6.29 a gallon, raising inflation fears and prompting Fed rate hikes despite oil supply disruptions.
Bank of England likely to keep rates at 3.75% and trim bond‑selling pace
The BoE is expected to hold its policy rate at 3.75% and reduce quantitative tightening to about £50bn a year, down from £70bn, amid rising inflation and a weakening labour market.
Bank of England Expected to Hold Rates Steady Despite Rising Inflation
The BoE is widely expected to keep rates unchanged on Thursday even as UK inflation climbs to 3.1%, diverging from the Fed and ECB which both hiked earlier this week.
Market Schedule: ECB Meeting, US Housing Data Lead Sept 17
UK rate decision, eurozone consumer prices, and US building permits anchor a busy data day alongside corporate capital-market events from DHL, Bechtle and Wacker Chemie.
Dow Jones und S&P 500 sinken unter Druck von Ölpreisanstieg, Nasdaq profitiert von Meta-KI-Ankündigung
US-Aktienmärkte zeigen Schwäche, während Ölpreise und Fed-Erwartungen die Stimmung belasten – Meta-KI-Start treibt Tech-Aktien an.
Federal Reserve Raises Interest Rates, Signals More Tightening Ahead
The US central bank moved rates higher and indicated additional tightening could follow as US prices accelerate.
Morgan Stanley sees ECB 25 bps hike to 2.75% in Dec 2026
Morgan Stanley now expects the European Central Bank to raise its deposit rate by 25 basis points to 2.75% in December 2026, sees no hike in October and forecasts a single cut in December 2027 as inflation stays above target.
US stocks slip ahead of Fed decision as oil prices rise
The Dow Jones, S&P 500 and Nasdaq 100 declined on Tuesday amid higher oil prices and ahead of the Federal Reserve's expected 0.25 percentage point rate increase, while Bitcoin and related equities fell.
Fed Rate-Hike Odds Jump Past 50% After Warsh Jackson Hole Speech
Market pricing shifted sharply after Federal Reserve Chairman Kevin Warsh's keynote, with CME FedWatch showing a nearly 56% chance of a quarter-point increase at the September 16 meeting.
OECD Raises Switzerland Growth Forecast Sharply for 2026
The OECD now expects Swiss GDP to expand 2.0% in 2026, up from a 1.1% June projection, citing strong domestic demand and a resilient chemical and pharma sector.
U.S. Core CPI Rises to 337.77 in August 2026
The Federal Reserve's preferred inflation gauge edged up for a second consecutive month, reflecting continued price pressures after excluding volatile food and energy components.
Canadian dollar slips as oil prices surge, rate worries rise ahead of Fed decision
The loonie fell to C$1.3929 per U.S. dollar as Brent crude topped $107 a barrel, pushing U.S. 10-year yields above 5% and stoking expectations of higher U.S. rates.
Oil, Inflation and Interest Rates: The Connection Traders Should Understand
Oil is usually associated with petrol stations, transportation and energy companies.
Fed September Rate Decision Approaches Amid Split Market Pricing
Markets show divided expectations as the US Federal Reserve prepares to announce its September 2026 rate decision alongside pending inflation data.
Markets Price Near-Certain Rate Hike Ahead of Wednesday's FOMC Meeting
Futures traders see a 93% chance of a 25-basis-point increase as August core CPI eases only slightly and oil surges, testing the Fed's credibility.
Euro bonds pressured as oil tops $100 before ECB decision
European bond yields stayed elevated as Brent crude crossed $100 and U.S. Treasury yields rose, with markets weighing inflation risks ahead of the ECB's rate decision.
UK Mortgage Rates Expected to Rise as Bond Sell-Off Pushes Swaps to 3-Year High
UK five-year swap rates climbed above 4.52%, their highest since October 2023, as a global bond sell-off driven by oil prices and inflation fears threatens to raise borrowing costs for mortgagors.
Swiss SMI set lower; 19 of 20 SMI stocks down, DocMorris and Barry Callebaut in focus
Swiss equities are seen lower before the open, with 19 of 20 SMI shares down; DocMorris falls on a new convertible bond while Barry Callebaut steadies on a calmer cocoa outlook.
Citi Sees BoE Rate Hikes After Rate-Cut Cycle, Revises Inflation Up
Citi Research warns the Bank of England could resume raising rates in November 2026 and February 2027, revising its inflation outlook higher as Middle East tensions push energy prices up.
US-10Y Treasury yields hit 19-year high on inflation, oil fears
Rates rose past 5% threshold as markets price in potential Fed rate hikes and inflation risks from rising oil prices.
UK unemployment stays at 4.9% as job vacancies hit decade low
The unemployment rate held at 4.9% in the three months to July, below forecasts, while vacancies fell to 702,000 – the lowest level outside the pandemic for more than ten years.
UK firms shed jobs as wage growth slows to 3.9%
Payrolled employee numbers fell 26,000 in August, while total pay growth eased to a near six-year low. State pension set to rise 3.9% under triple lock.
Macro calendar: ZEW, ADP, Empire State among key data releases Monday
The German ZEW survey, UK jobs data, French consumer prices, and US ADP and Empire State manufacturing reports round out the Monday schedule.
Swiss Economic Calendar: Data Releases, Earnings Due Sept 15-22
Switzerland’s weekly financial calendar features Austrian and Swiss inflation data, SNB balance-of-payments figures, and H1 earnings from Addex, Curatis, Newron and others.
Swiss Economic Calendar: Earnings, Inflation Data and Industry Events, Sept 9–16
Swiss economic output over the week includes H1 earnings from Bioversys, Medacta, Mobiliar and others, plus BAFU inflation data and an SNB government-bond result.
SMI fällt weiter, US-Märkte unter Zins- und Ölpreisdruck
Asiatische KI-Aktien dominieren, während globale Risiken und Zinserwartungen die Stimmung dämpfen
Loonie Holds Near 12-Day Low as Oil Support Fails to Offset Dollar Strength
The Canadian dollar traded near C$1.392 against the U.S. dollar Monday, pressured by rising Fed rate-hike odds and a firmer greenback despite Brent crude topping $108.
Fed set for two‑day policy rate decision as markets anticipate hike after inflation data and Warsh speech
The Federal Reserve will hold a two‑day policy rate meeting, with markets expecting a rate increase following hot inflation reports and Chairman Kevin Warsh’s Jackson Hole remarks.
Irish services sector expands at fastest pace since November
AIB/S&P Global data showed Ireland's services output rose to 55.4 in August, the strongest gain since November 2025, with demand, backlogs and sentiment improving.
Discussion Raised Over Ireland's Impact on Eurozone GDP Accuracy
Analysts are debating whether Ireland's economic output distorts headline Eurozone GDP figures, raising questions about the reliability of regional macro data.
Fed Rate-Hike Odds Rise to 59% Ahead of August CPI
August CPI data due Friday could decide whether the Fed hikes on Sept. 16, after strong jobs data lifted 25bp move odds to 59% from about 50%.
Fed rate decision focus on inflation after employment reports
The Federal Reserve's upcoming rate decision is expected to be guided by inflation data following recent employment reports.
Fed Survey: Inflation Expectations Ease, Unemployment Woes Deepen
The New York Fed's August consumer survey shows three-year inflation expectations slipping to 3.2%, while the probability of rising unemployment hit a post-April 2020 high of 44.4%, signaling deteriorating labor-market sentiment.
Canadian dollar gains as oil rally offsets trade and Fed concerns
The loonie rose to C$1.3788 per U.S. dollar as crude climbed to multi-month highs, while Canada imposed C$20 billion in retaliatory tariffs and markets awaited U.S. inflation data.
EUR/USD Trades in Narrow Range Ahead of ECB and Fed Rate Decisions
The pair held between 1.1590 and 1.1650 as investors price a 25‑basis‑point ECB increase to 2.50% and assess whether the bank will signal the end of its tightening cycle; Fed hike odds rose to roughly 58% after a stronger‑than‑expected US payrolls report.
Gold prices climb as the U.S. dollar softens ahead of upcoming U.S. inflation data releases
Gold prices rose while the U.S. dollar weakened ahead of upcoming U.S. inflation data releases.
Marktvolatilität vorerst gebremst, aber Risiken für September und Oktober steigen
Finanzmärkte zeigen nach ruhigem August Anzeichen von Spannungen durch Zinsentscheidungen, US-Wahlen und geopolitische Faktoren.
Euro yields rise as crude nears $100 and ECB hike looms
European bond yields climbed as Brent crude approached $98 and an ECB rate hike loomed, while U.S. Treasuries firmed ahead of Fed and CPI data.
GBP/USD climbs as UK finance minister pledges fiscal discipline
Sterling gains against the dollar as Finance Minister John Healey stresses fiscal discipline, while the pair trades in a rising technical channel ahead of U.S. inflation data.
Bank of Canada holds key rate at 2.25% as tariffs and oil prices cloud outlook
The central bank kept its overnight rate at 2.25% and warned that new U.S. tariffs and volatile oil prices increase inflation risks despite a strong Q2 rebound.
Gold prices climb as the US dollar eases, with markets awaiting upcoming US inflation data
Gold prices rose as the dollar weakened, with investors awaiting US inflation data.
Gold gains as U.S. dollar eases ahead of inflation data
Precious metals rise and the dollar weakens as markets position ahead of key U.S. inflation readings.
Gold Prices Rise as Dollar Weakens Ahead of US Inflation Data
Gold climbed as the US dollar eased, with markets looking toward upcoming US inflation figures for direction.
US stocks stumble as oil prices surge and bond yields rise, raising inflation and Fed policy concerns
US equities fell over the week amid higher oil prices and rising bond yields, which heightened inflation and Federal Reserve policy concerns.
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 retreat as oil crosses $100 and yields rise ahead of inflation data
U.S. equities fell as oil prices moved above $100 per barrel and bond yields increased before upcoming inflation figures.
UBS expects Fed to lift rates twice by end-2026
UBS analysts expect quarter-point Fed hikes in September and December 2026, but say the forecast is not high conviction and depends on CPI and labor data.
Swiss SMI Edges Higher as Novartis Lifts Market Despite Broader Caution
The Swiss market index closed slightly firmer on Tuesday, buoyed by Novartis gains, though most blue chips fell as inflation and rising bond yields weighed on sentiment.
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.
Bitcoin rebounds toward $80,000 after CPI data lifts Fed rate-hike odds
BTC/USD recovered to $79,000 after August core CPI rose 0.3% month-on-month, while 30-year yields spiked and CME FedWatch odds of a September hike reached 85%.
Lagarde defends ECB rate hike as euro area inflation hits 3.3%
The ECB president said the rate increase is needed to contain inflation, which is 3.3% in the euro area, citing a longer-lasting energy shock and warning about AI valuations.
ECB raises key rates by 25 basis points as inflation risks remain elevated
The ECB lifted its three key rates by 25 basis points, citing Middle East conflict-driven energy inflation. Staff projections keep inflation above target until 2027 while growth is revised up.
US Dollar Stalls Amid Inflation Risks and Narrowing Yield Gap
The dollar index hovered near its lowest level since last May as food and energy price pressures rise and the yield spread with Japanese bonds narrows, limiting upside from high Treasury yields.
USD/JPY weekly outlook: CPI, payrolls shape Fed hike odds after sharp slide
USD/JPY posted its biggest weekly loss since July amid dovish Fed comments and suspected BOJ intervention; strong August payrolls revived September hike bets, with CPI and PPI set to guide the pair.
European bond yields rise as ECB hike odds climb, oil prices surge
Bund yields near 3.36% as markets price a 25‑basis‑point ECB hike; Eurozone inflation hits 3.3% and oil benchmarks break $90 a barrel.
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.
European bond yields rise, ending two‑day rally ahead of ECB meeting
German 10‑year Bund yields nudged up to around 3.36% as markets priced in a 25‑bp ECB rate hike, while euro‑zone inflation hit 3.3% in August and oil prices stayed above $90 a barrel.
Jobs report may affect shaky bond market
A forthcoming jobs report could influence the currently unstable bond market.
DAX slips below 26,000 points as rate outlook and oil prices tighten
The German benchmark index fell 0.37% to 25,951, breaking the 26,000 level amid ECB rate‑hike expectations, US inflation data and Brent crude trading above $97.
Bitcoin closes above $80,000 as US inflation data and rate‑hike odds rise
Bitcoin posted its first weekly close above $80,000 since May while markets price a 0.25% Fed hike and Japanese yen interventions add further volatility.
Gold faces pressure from inflation worries and rising yields, analysis says
Investing.com analysis notes that higher oil prices, Treasury yields and a hot CPI could push gold below $4,310, with $4,100 and $4,000 as next support levels.
Trump pushes Fed for rate cut, Turkey warns of risks
Analysis links President Trump's demand for lower Federal Reserve rates to Turkey's costly rate‑cut episode, highlighting potential credibility risks for U.S. monetary policy.
Record heat drives up food prices in Austria, central bank says
The Austrian National Bank warns that unusually hot and dry weather is lifting prices for fruits, vegetables, dairy, eggs and beer, adding about 0.1 percentage point to inflation forecasts.
Week Ahead: USD/JPY, ECB Rate Decision and US CPI Set to Influence Markets
The analysis flags a short‑covering rally in USD/JPY, a likely 25‑bp ECB hike to 2.50% and US August CPI as the main catalysts for the coming week.
Gold's structural bid persists despite near‑term rates headwind
Investing.com analysis says sovereign and institutional demand keeps a $4,000/oz support level alive even as strong US payrolls lift yields and the dollar.
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.
Pound nudges up as dollar stays soft on Fed rate‑cut bets
GBP/USD rose 0.14% to 1.3535 while the dollar index is expected to hover between 99.00 and 99.50; markets price a 58% chance of a 25‑bp Fed cut on Sep 16 and await U.S. CPI data.
Bitcoin drops 2.2% to $79,800 as Fed hike odds rise
Bitcoin fell to $79,802, ending a three‑week winning streak, while traders lifted the probability of a September rate hike to about 58% after a strong jobs report and stubborn inflation.
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.
Warsh shadow rate gauges Fed stance, Citi says
Citi Research's Warsh shadow rate, built from Kevin Warsh's Jackson Hole remarks, tracks core inflation, money supply and jobless claims to anticipate 2‑year Treasury yields and Fed moves.
Why the Canadian Dollar’s One‑Week High Signals More Than a Temporary Bounce
The loonie’s modest rise on BoC’s inflation warning reflects a deeper policy divergence and commodity backdrop that could reshape its medium‑term trajectory.
Gold Futures Rise 2.5% as Rate-Hike Odds Slip, Analysis Warns of CPI Risk
Gold futures jumped to $4,526.20, driven by lower September‑rate‑hike odds, while the analysis notes the metal now behaves like a short‑duration rate instrument and could face pressure if August CPI comes in hot.
Bank of England’s Pill warns higher rates may be needed to curb inflation
Chief Economist Huw Pill signals a prompt rate hike could pre-empt persistent inflation risks, as markets price a 15% chance of a move this month and over 70% by November.
Canada 10-year yield falls as global bonds rebound
Canadian government bond yields eased after a broad recovery in global debt markets, with the 10-year yield slipping below 3.8% amid shifting rate expectations.
Canadian dollar strengthens to one-week high on Bank of Canada signals
Loonie gains 0.2% as BoC warns of rising inflation risks, while oil prices and policy divergence support the currency. Analysts see modest near-term weakness before rebound.
Swiss stocks rise as Roche leads; Richemont falls on luxury sector weakness
Swiss Market Index edges up 0.12% as Roche gains on licensing deal, while Richemont drops 2.4% amid broader luxury sector decline. Swiss franc strengthens to 0.9384 per euro after August inflation surprise.
Swiss franc strengthens after higher-than-expected Swiss inflation data
The Swiss franc surged after August inflation rose to a two-year high, while the euro and dollar weakened. Analysts see potential SNB tightening in December, though energy-driven price gains may limit immediate action.
ECB seen raising rates once more in September before pausing: poll
Economists in a Reuters survey expect the European Central Bank to hike its deposit rate to 2.50% next week, marking its second increase in a brief tightening cycle. No further moves are anticipated through mid-2025.
Sweden's Riksbank flags uncertain inflation risks despite growth pickup
Sweden’s central bank governor says inflation pressures remain unclear even as GDP data points to a stabilizing recovery. The Riksbank will assess incoming data to guide policy decisions.
Putin says Russia’s budget deficit remains manageable despite 40% rise
Russian president cites low debt levels as justification for deficit expansion to 2.8% of GDP in January-July, despite war-related spending pressures.
Swiss stocks rise on US gains; Nestlé, Richemont drag; franc strengthens
Swiss Market Index edges up 0.2% after early 0.5% gain as Nestlé drags; Roche and Logitech lead gains. Euro falls to 0.9384 francs as Swiss inflation surprises.
U.S. trade deficit widens 24.4% in July to $88.6 bln
Goods trade deficit climbs 17.3% as imports surge to record $140.3 bln in capital goods. Oil and industrial supplies weigh on exports.
U.S. services sector growth accelerates as ISM non-manufacturing PMI beats forecasts
ISM non-manufacturing PMI rose to 55.4 in August, exceeding expectations and signaling expansion in the U.S. services sector for the 12th straight month.
Global bond rout deepens on oil surge, fiscal fears
Yields hit multi-decade highs as crude nears $95, debt concerns mount in Europe and Japan amid Middle East tensions. Traders price 70% odds of a Fed hike.
U.S. services sector activity rises to 55.4 in August as demand strengthens
ISM Non-Manufacturing PMI climbs to highest since February 2023, led by new orders surge; Fed rate hike odds rise ahead of September meeting.
Fed's Waller signals September rate pause if inflation cools further
Federal Reserve Governor Christopher Waller said the central bank could hold rates steady in September if disinflation continues, while market odds of a hike have swung. Treasury yields and inflation expectations adjust.
Fed's Waller signals openness to holding rates steady if inflation cools
Federal Reserve Governor Christopher Waller said he would support keeping interest rates unchanged at the September meeting if inflation data continues to trend toward the 2% target. Traders now price a roughly 50% chance of a hike.
White House urges Federal Reserve to cut interest rates, Vance says
Vice President JD Vance states administration seeks lower borrowing costs, citing supportive inflation data. Comments come as markets assess Fed policy outlook.
US stocks rise on softer yields; Swiss franc strengthens after inflation surprise
U.S. benchmarks advance 0.4-0.6% at open as Treasury yields ease; SMI up 0.5% led by Roche and Logitech. Swiss inflation hits two-year high, lifting franc to 0.9392 per euro.
Brazil services activity rebounds in August as PMI rises above 50
Brazil's services sector returned to growth in August, with the PMI climbing to 50.5 from 49.7 in July, offsetting continued weakness in manufacturing. Employment remained flat after prior declines.
Fed’s Waller signals September rate pause if disinflation continues
Federal Reserve Governor Christopher Waller said a September rate hike remains possible but is not guaranteed, as policymakers await fresh inflation data. Treasury yields and equities reacted to his remarks.
US stocks set for modest gain; SMI rises on Roche, Logitech gains; Swiss franc strengthens
U.S. futures point to a modestly higher open as Middle East tensions ease slightly. Swiss Market Index climbs 0.2% on Roche and Logitech gains, while the franc strengthens after Swiss inflation surprises.
China’s private services PMI rises to 51.4 in August, second-lowest in 14 months
Growth in China’s private services sector accelerated in August, with the PMI rising to 51.4 from 50.4 in July, driven by stronger domestic demand despite slower export activity.
US stocks cautious as oil prices rise; Swiss franc strengthens on inflation data
Dow Jones and Nasdaq futures show muted gains ahead of key U.S. jobs data, while rising oil prices and geopolitical tensions curb risk appetite. Swiss franc surges to 0.9392 per euro after unexpected inflation jump.
U.S. services PMI slips to 56.5, misses forecast as growth slows
The ISM services index fell short of expectations in September, with the PMI declining to 56.5 from 54.6 a month earlier. A reading above 50 still signals expansion.
Poland’s central bank seen holding rates through 2026
Monetary Policy Council member signals benchmark rate of 3.75% will remain unchanged at least through year-end, with no cuts expected in 2025. Inflation rose to 3.4% in August.
Swiss inflation hits two-year high, SNB rate hike odds rise
August CPI surge to 0.8% exceeds forecasts, lifting expectations for a potential Swiss National Bank rate increase by late 2027. Energy prices drive the jump while core inflation remains subdued.
Swiss stocks steady as SMI faces direction; Nestlé weighs, Swatch falls; franc strengthens
Swiss market opens flat with Nestlé down 0.67% while Swatch drops 2.3%; franc gains to 0.9392 per euro and 0.8092 per dollar after August inflation hits 0.8%.
Eurozone business activity growth slows in August as services PMI falls
Eurozone composite PMI held near long-term average at 52.0 in August, while services activity slipped to a two-month low of 51.6. Export orders rose for the first time in 4.5 years, led by manufacturing demand.
India’s GDP growth of 7.8% sparks skepticism over methodology
Analysts question the robustness of India’s latest quarterly growth figure amid concerns over data revisions and deflator assumptions. High-frequency indicators show mixed signals.
UK services growth accelerates in August as cost pressures rise
S&P Global PMI shows services activity at its strongest since April, but firms report intensifying price pressures amid Middle East energy risks. Composite index also climbs to five-month high.
Italy's services PMI hits 3.5-year high, composite growth accelerates
Italy's services sector expanded at the fastest pace since April 2023 in August, with the composite PMI rising to its second-highest level in over three years, driven by domestic demand and new business growth.
Germany's services PMI edges up as sector nears stabilization
Services activity contracted marginally in August, but new business and employment showed improvement, while composite output rose to a five-month high. Input price pressures accelerated.
Eurozone business activity steady in August as services slow
Eurozone composite PMI held at 52.0 in August, matching July’s eight-month high, while services activity slipped to a two-month low. Germany led regional growth, France remained in contraction.
European and Aussie bond yields retreat from multi-year highs
Germany and France saw two- and 10-year yields ease after seven-session climb; Australia’s 10-year yield slips from 15-year peak. U.S. private payrolls miss forecasts.
Swiss inflation rises to 0.8% in August on energy cost surge
Consumer prices increased from 0.4% in July, driven by higher gasoline, diesel and heating oil costs amid Middle East tensions. Residential rents also climbed.
Italy's services sector posts fastest growth in 3.5 years in August
S&P Global Italy Services PMI rose to 55.2 in August, the highest since April 2023, as domestic demand surged while export growth remained modest. Input costs accelerated amid energy and commodity price pressures.
French services sector contracts for second month in August as PMI falls to 48.0
French service-sector activity shrank at an accelerated pace in August, with the PMI declining to 48.0 from 49.6 in July. New orders and employment also declined, while input costs rose sharply.
Swiss Q2 GDP growth fastest in nearly five years at 1.5%
Swiss economic expansion accelerated to 1.5% in Q2 2026, driven by a surge in pharmaceutical exports, while services saw broad-based but modest gains. Inflation pressures and geopolitical risks remain key concerns.
Gold steadies below $4,600 ahead of Fed’s Warsh speech at Jackson Hole
The metal’s 16% August rebound faces its first major test as traders await Friday’s Jackson Hole address by new Fed Chair Kevin Warsh. Market reaction to Wednesday’s sticky inflation data underscores the thin line between further gains and a reversal.
ECB’s Vujčić highlights role of household expectations in monetary policy
Vice-President cites ECB’s Consumer Expectations Survey as critical tool for tracking inflation perceptions, spending plans and policy transmission amid geopolitical uncertainty.
Gold steadies near $4,400 after rebound as Trump, Fed ease inflation bets
Gold held around $4,400 per ounce on Thursday after a 1% rebound as remarks from U.S. President Donald Trump and a dovish signal from a top Fed official eased inflation concerns. Silver slipped 0.1%.
Gold slumps 5.25% on week as yields surge past 4.8%, breaking key supports
Non-yielding metal falls to lowest since Aug. 19 as 10-year Treasury yield hits 4.81%, erasing year-to-date gains; Fed hike odds jump to 70% by Wednesday.
Boston Fed's Collins flags 'mixed' U.S. inflation readings at Jackson Hole
Boston Federal Reserve President Susan Collins says July PCE data shows uneven price pressures, with some signs of easing but lingering risks. Fed policy remains data-dependent as officials assess disinflation progress.
Boston Fed's Collins flags mixed inflation, keeps rate hike option open
U.S. inflation data showed divergent trends in July, with headline PCE rising 3.7% while core pressures eased toward the Fed's 2% target. Boston Fed President Susan Collins said policy remains data-dependent amid rising Treasury yields.
Brazil central government posts R$10.78 bln primary surplus in July
Surplus exceeds July 2025 deficit and matches median Reuters poll forecast; central government accounts include Treasury, Central Bank and Social Security.
Michigan sentiment, Jackson Hole to headline Friday's data docket
Consumer confidence and the annual Fed symposium in Wyoming headline a busy Friday for U.S. economic data and policy signals.
Fed’s Hammack sees inflation easing slowly, rate hike still likely
Federal Reserve Bank of Cleveland President Beth Hammack forecasts U.S. inflation at around 3% by year-end, with limited progress toward the 2% target in 2025. She signals a rate hike remains on the table to address price pressures.
Brazil DI rates pare after jobs data but curve rises on hawkish Fed tone
Short-term Brazilian interbank deposit rates slipped after July job creation undershot forecasts, but the curve steepened as Fed Chair Kevin Warsh signaled a hawkish stance at Jackson Hole.
ECB faces dilemma as rate hike risks fueling market turmoil
A 25-basis-point hike expected next week tests the ECB's balancing act between persistent inflation and financial stability amid rising bond yields and debt concerns.
Warsh’s Jackson Hole speech to scrutinize Trump-era inflation legacy
Former Fed chief Kevin Warsh’s upcoming Jackson Hole remarks may reframe the debate over U.S. inflation under President Donald Trump, as markets weigh policy credibility and election-year pressures.
Nasdaq falls 0.7% as Fed signals possible rate hike
Tech-heavy index dragged by semiconductor stocks after Fed chief hints at tighter policy. Dow and S&P 500 decline modestly as markets weigh inflation risks ahead of September decision.
Fed’s Hammack sees inflation at 3% by end-2026, gradual decline in 2027
Federal Reserve Bank of Cleveland President Beth Hammack projects U.S. inflation will ease to around 3% by year-end 2026, with limited further progress toward the 2% target in 2027.
Fed’s Warsh signals resolve on inflation but leaves rate path unclear
Investors welcomed clearer inflation guidance from Federal Reserve Chair Kevin Warsh, though uncertainty persists over whether the central bank will raise rates in September. Treasury yields and rate-hike odds rose after his Jackson Hole remarks.
ECB’s Kocher says euro zone economy showing signs of momentum
Austrian central bank chief cites resilience in growth despite inflation pressures and geopolitical drags. ECB policy path remains data-dependent amid Jackson Hole remarks.
Warsh signals subtle shift in Fed guidance at Jackson Hole
Federal Reserve Chair Kevin Warsh outlines a more measured approach to policy communication while emphasizing inflation progress. Markets parse signals ahead of September decision.
U.S. debt tops $40 trillion under Trump amid rising borrowing costs
National debt surpasses $40 trillion in Trump's second term as tax cuts and spending outpace revenue growth, with yields on U.S. bonds near two-decade highs.
Bank of Canada poised to hold rates as growth, trade risks collide
Strong second-quarter expansion and 3% inflation pressure the central bank to maintain its 2.25% policy rate, despite escalating U.S. tariffs and retaliatory measures.
Brazil's central bank weighs measures to curb rising household debt
Authorities examine limits on credit card and unsecured loan exposure before imposing a debt-to-income ceiling amid record household debt-service commitments.
Swiss couples face trade-offs in delaying state pension claims
Delaying Swiss AHV pension claims can boost payouts by up to 31.5%, but married couples face unique constraints due to the 150% cap on combined benefits.
Fed’s Williams: Rising yields reflect strong economy, not inflation pressure
New York Fed chief attributes higher bond yields to robust growth and AI investment rather than price pressures, as tariffs and geopolitics keep inflation elevated.
Swiss shares rise as defensive stocks lead; gold rallies on softer jobs data
Swiss Market Index edges higher as Roche and other defensive stocks gain; gold jumps 0.63% on dovish US jobs report and weaker dollar. US semiconductor and software stocks diverge in premarket trading.
ECB policymaker signals readiness for further rate hikes if inflation rises
ECB Governing Council member Gabriel Makhlouf warns the central bank must remain prepared to tighten policy further amid inflation risks. Upcoming decision next week seen as data-dependent.
Fed’s Williams says U.S. bond yield rise reflects strong economy
New York Fed chief cites AI and data center investment as drivers of higher long-term Treasury yields, dismisses inflation concerns. Labor market remains stable, he adds.
BofA trims UK 2027 growth forecast on energy price surge
Brokerage lowers 2027 GDP outlook to 1.2% as higher oil and gas costs weigh on outlook; inflation forecasts raised across 2026-27.
US private payrolls rise by 38,000 in August, weakest since January
ADP survey shows private hiring slowed sharply last month, missing forecasts as industries including manufacturing and information cut jobs. Government jobs report due Friday expected to show modest gains.
Fed’s Hammack expects inflation near 3% by year-end, mid-2s in 2027
Federal Reserve Bank of Cleveland President Beth Hammack projects inflation will remain above target through 2026 before easing toward the mid-2% range in 2027. She reiterates the case for further rate hikes to curb price pressures.
Fed officials warn inflation remains sticky ahead of Jackson Hole meeting
Kansas City and Chicago Fed presidents flag persistent price pressures as the annual symposium convenes in Wyoming. Upcoming policy decision looms amid five-year stretch above target.
Fed officials Hammack, Schmid call for higher rates amid inflation concerns
Cleveland Fed's Hammack and Kansas City Fed's Schmid urge rate hikes, citing persistent inflation and lack of policy restraint. Second Fed call for hikes in a single day.
JPMorgan sets 30K-70K jobs range as ideal for Fed meeting
Bank says nonfarm payrolls in the 30,000 to 70,000 range would align with a 'goldilocks' scenario ahead of the Federal Reserve's September 16 policy meeting.
Kansas City Fed’s Schmid says inflation remains persistent, rates not restrictive
Federal Reserve Bank of Kansas City president Jeffrey Schmid signals support for higher rates to curb stubborn price pressures amid 2% inflation target.
Swiss stocks slip as oil, rate fears weigh on markets
SMI falls 0.4% as Brent crude tops $95, inflation and ECB/Fed policy expectations drive defensive rotation; Roche, Swiss Life gain while Amrize, Holcim lag.
Canadian dollar weakens as Fed outlook, U.S. dollar weigh on loonie
The loonie slipped 0.06% to C$1.3885 per dollar as traders assessed U.S. inflation data and the Federal Reserve’s policy path. The dollar index rose to 99.158, extending weekly gains.
U.S. manufacturing data, Treasury auctions set for Monday
Chicago PMI and Dallas Fed index releases, along with 3- and 6-month Treasury bill auctions, will provide fresh signals on U.S. industrial activity and short-term borrowing costs.
U.S. jobless claims fall to 203,000, below forecasts
Initial unemployment claims declined by 4,000 to 203,000 last week, undershooting expectations as the labor market remains tight. The four-week moving average edged down to 207,750.
U.S. jobless claims fall to 203,000; trade deficit widens in July
Initial jobless claims declined as the goods trade deficit expanded to $118.8 billion amid rising imports and falling exports. Continued claims also decreased, aligning with the August nonfarm payrolls period.
Swiss equities slip as oil, inflation and rate fears weigh
SMI falls 0.4% to 14,280 as defensive shares lag; Amrize drops 2.7% after BofA downgrade, Roche and Swiss Life advance. Brent crude tops $95/bbl after U.S.-Iran strikes.
Swiss stocks fall as oil surge fuels inflation concerns; UBS upgrades Comet, VAT, Inficon
SMI drops 0.1% as Brent crude tops $95 a barrel after U.S.-Iran tensions escalate; UBS lifts targets on Swiss tech names. Nestlé to sell vitamins unit for $1 billion.
Gold falls to two-week low as U.S.-Iran tensions and Fed hike bets weigh
Bullion drops for a fourth straight session on rising oil prices, stronger dollar and expectations for higher U.S. interest rates. Technicals point to further downside toward key moving averages.
Swiss stocks slip as oil surges, geopolitical risks weigh on markets
The SMI fell 0.1% to 14,323 as Brent crude topped $95 a barrel amid U.S.-Iran tensions. Tech shares led gainers, while Amrize and Partners Group lagged.
Global stocks fall as bond yields surge on inflation, oil risks
Asia-Pacific equities decline after UK and Japan sovereign yields hit multi-decade highs. Brent crude tops $97 amid US-Iran tensions.
Germany's labor market improves in August as hiring plans rise
Ifo employment barometer climbs to 94.8, highest since May 2025, while unemployment rate seen steady at 6.4%. Manufacturing leads gains amid sectoral divergence.
Fed’s Schmid says current rates not restricting growth, flags rate hike risk
Kansas City Fed chief says policy stance is not yet restrictive enough to curb inflation, signaling potential hikes despite economic resilience. Remarks made at Jackson Hole conference.
UBS flags commodities as inflation hedge amid Middle East risks
Strategists recommend broad exposure to energy, metals and agriculture as geopolitical tensions and weather patterns reshape supply. Brent crude near $87, European gas at 65 euros/MWh.
Fed's Warsh to deliver pivotal speech at Jackson Hole symposium
Investors await signals on U.S. monetary policy and inflation strategy as new Fed Chair Kevin Warsh addresses the annual Kansas City Fed gathering in Wyoming. Rising U.S. Treasury yields and debt sustainability concerns add urgency to the remarks.
ECB minutes show oil price swings, inflation risks remain
Governing Council’s July meeting minutes highlight persistent energy price volatility, upward pressure on food costs and rising medium-term inflation expectations despite recent oil price declines.
U.S. inflation remains stubbornly above Fed target ahead of Warsh speech
July data shows consumer prices rising at a 3.7% annual pace, defying the Fed's 2% target. Markets price in a September rate hike as policymakers debate the inflation outlook.
Australia 10-year yields hit 15-year high on strong GDP, inflation concerns
Ten-year government bond yield climbs to 5.223% as economic growth and inflation data outpace forecasts, lifting rate hike expectations for the Reserve Bank of Australia.
Brazil formal job creation slows sharply in July, misses forecasts
Net formal employment gains fell to 58,568 in July, the weakest monthly increase of 2024 and below all economist estimates. Year-to-date hiring lags 21% behind 2023 pace.
German consumer confidence rises to -26.6 in September: GfK
Index climbs for fourth straight month as income and economic expectations improve, though outlook remains subdued amid persistent uncertainties.
Gold rallies as dollar stumbles; analysts eye $5,000 target by 2026
Precious metal benefits from dollar weakness and rising inflation expectations, drawing inflows into gold ETFs. Analysts upgrade forecasts as Fed rate hike odds fade.
Brazil's 2027 budget projects primary surplus of 0.1% of GDP
Draft budget targets a 0.1% primary surplus next year, below the 0.5% target but within the allowed tolerance range. Minister Moretti confirmed the projection in an interview.
Bundesbank chief flags possible ECB rate hike, warns on Germany’s AAA rating
Joachim Nagel signals markets may be right on an ECB rate increase next week, citing persistent inflation, while urging Berlin to preserve Germany’s top credit rating amid a widening fiscal deficit.
U.S. ISM manufacturing index falls to 54.6 in August as new orders weaken
U.S. factory activity slowed more than expected last month, with the ISM index dropping to 54.6 from 55.6 in July. New orders and employment both declined, while prices paid remained steady.
German DAX falls 1.1% as oil prices rise, inflation fears weigh
September opens with losses for Europe's benchmark index as geopolitical tensions lift oil prices and investors reassess rate expectations. Euro Stoxx 50 also declines.
US stocks fall as inflation fears weigh on tech amid oil spike
Nasdaq 100 drops 1.29% as oil prices surge on Middle East tensions; S&P 500 and Dow also decline. Apple leads gains on strong outlook, while GoPro surges 40% on merger news.
Dollar slips as long-end yields fuel debasement trade ahead of Fed week
U.S. currency retreats from post-Fed gains as two-year SOFR holds above 4.20%, while ECB inflation data and RBNZ decision loom. Analysis flags risk of further losses unless hawkish repricing solidifies.
EUR/USD trapped between key moving averages as ECB-Fed hike bets converge
The pair remains confined between the 100-day and 200-day moving averages after Eurozone inflation data reinforced expectations for a September ECB hike but tempered bets on further tightening.
Fed's Barr signals readiness to hike rates if inflation fails to ease
Federal Reserve Director Michael Barr states the central bank remains prepared to raise interest rates by 25 basis points at its September meeting if inflation does not show sufficient moderation. Markets price in a 0.25% increase.
U.S. job openings fall short of forecasts in July JOLTS report
U.S. job openings declined to 7.27 million in July, below the 7.33 million expected and down from a revised 7.18 million in June, signaling a cooling labor market.
U.S. factory activity slows in August as input costs remain elevated
ISM Manufacturing PMI fell to 54.6 from 55.6 in July, while input prices held at 71.1, signaling persistent inflation pressures despite easing demand.
U.S. job openings rise in July as June data revised lower
Openings increased by 89,000 to 7.27 million, while June figures were cut to 7.18 million. Manufacturing sector saw a 79,000 rise in unfilled positions.
Brazil Q2 GDP growth beats forecasts, but outlook trimmed on credit risks
Second-quarter expansion of 0.5% exceeded expectations, but economists downgrade growth projections for H2 2026 and 2027 citing tight credit conditions and policy uncertainty ahead of October elections.
South Korea inflation rises 3.1% in August, below forecasts
Consumer prices accelerated from July but missed expectations as energy and telecom costs remained elevated. Core inflation climbed to 3.4%.
GBP/USD holds near 1.3535 as Fed, BOE decisions loom
Sterling struggles to extend gains above 1.35 as global yields surge and policy divergence risks weigh ahead of key central bank meetings. Gilt yields hit multi-decade highs.
Global bond rout deepens as U.S. 2-year yield hits 2025 high
Treasury yields surge to multi-year peaks as Middle East tensions and inflation concerns drive a broad sell-off. European and Japanese yields also climb to decade-plus highs.
Global bond selloff deepens as 2-year Treasury yield hits highest since 2025
Treasury yields surge to multi-year peaks amid Middle East tensions and inflation concerns, while European and Japanese debt markets follow. Upcoming U.S. jobs data and ECB meeting add to market focus.
U.S. urges Japan to curb yen volatility ahead of BOJ meeting
U.S. Treasury Secretary Scott Bessent called on Bank of Japan Governor Kazuo Ueda to adopt policies that stabilize the yen, citing risks from currency weakness to domestic inflation.
Canadian dollar hits 2026 low as trade spat and U.S. inflation pressure looms
Loonie slips to C$1.3893 per U.S. dollar after Canada and the U.S. escalate tariff threats totaling C$27.6 billion. Core U.S. inflation holds at 3.3% as Fed target remains out of reach.
Dollar edges higher ahead of U.S. PCE data; Aussie climbs on hot CPI
U.S. dollar index rose 0.3% as investors awaited July core PCE inflation data; Australian dollar gained 0.1% after local CPI surprised to the upside.
Swiss equities rise as all SMI stocks gain; gold dips ahead of U.S. inflation data
The Swiss Market Index advances in early trade, led by Amrize, Kühne+Nagel and Logitech. Gold slips 0.3% to $4,642.74 per ounce as investors await the July PCE data and a speech by Fed’s Warsh.
UK energy price cap rises 4% to £1,723 as gas costs surge
Average annual household bills increase by £60 from October, driven by higher wholesale gas prices tied to Middle East tensions. VAT removal on electricity limits broader impact.
Sweden producer prices rise 0.1% in July, annual gain slows to 6.4%
Swedish producer prices increased 0.1% month-on-month in July, following June's identical rise, while the annual rate eased to 6.4% from 7.4%.
ANZ flags November RBA hike risk as Australia inflation proves sticky
Trimmed mean CPI rose 0.5% in July, exceeding expectations and prompting ANZ to warn of a potential November rate increase by the Reserve Bank of Australia.
Australia's persistent inflation raises odds of November rate hike
Trimmed mean CPI rose 0.5% in July, exceeding forecasts and pushing the annualized three-month measure to a record 4.7%. Markets price in a 40% chance of a hike next month.
Swiss stocks rise ahead of U.S. inflation data; Nvidia, Stadler Rail in focus
Swiss Market Index gains 0.14% as gold dips ahead of July PCE data; Nvidia shares rise before earnings, while oil falls on Iran talks. European futures mixed.
U.S. inflation cools market sentiment ahead of Jackson Hole
July PCE data shows sticky prices, stocks mixed as dollar strengthens and copper hits record high. Fed’s Warsh speech awaited.
ECB’s Schnabel says further rate hikes needed amid inflation risks
ECB board member warns policy rate is insufficient to return inflation to target, citing strong eurozone growth and geopolitical pressures.
EUR/USD steadies ahead of U.S. core PCE; Fed rate hike odds at 40%
The euro holds above key support as traders await the Fed’s preferred inflation gauge, with a 0.2% m/m core PCE reading expected to reinforce disinflation concerns before the September FOMC meeting.
Markets await U.S. PCE data, Nvidia earnings after oil, gold gains
Brent crude fell over $2 to $86.22 as Iran-Oman talks on the Strait of Hormuz resumed. Spot gold and bitcoin neared three-month highs ahead of U.S. inflation data and Nvidia’s earnings.
Asian stocks rise as oil drops; Nvidia earnings in focus
Regional equities advance on weaker crude prices, while investors await chip giant's quarterly results. Thai central bank set to hold rates steady.
European yields rise after Schnabel warns on rates
German Bund yields climb from two-week lows as ECB's Schnabel signals further hikes may be needed. U.S. Treasury yields also advance ahead of Jackson Hole remarks.
Asia FX mixed ahead of U.S. PCE data; Aussie gains on hot CPI
U.S. dollar strengthens 0.3% as investors await core PCE inflation data; Australian dollar rises after CPI beats forecasts. Yen holds below 160 after July intervention.
Mixed Asian FX trade ahead of U.S. PCE; Aussie dollar rises on hot CPI
Australian dollar gains 0.3% after July CPI exceeded estimates, while the yen and euro show modest strength. U.S. PCE data due later in session.
ECB seen poised for September rate hike amid persistent inflation pressures
Eurozone central bankers may raise benchmark rate to 2.5% next month to curb inflation near 3%, while markets expect one or two additional hikes. Robust growth outlook limits further tightening.
IMF says world economy weathering energy shock better than feared
IWF chief warns risks remain as oil prices ease from peaks but still exceed pre-war levels, while fiscal strains and trade imbalances persist.
German inflation rises to 2.9% in August, below expectations
German consumer prices rose 2.9% year-on-year in August, up from 2.8% in July but below the 3.1% forecast. Energy inflation accelerated to 10.5% amid regional supply pressures.
German DAX dips 0.6% from record as oil prices rise amid Middle East tensions
German blue-chip index slips after brief rally to all-time high, as investors weigh geopolitical risks, oil price surge and expectations of a Federal Reserve rate hike. MDax and Euro Stoxx 50 also decline.
Eurozone growth accelerates, ECB rate hike bets firm up
Eurozone GDP rose 0.45% in Q2, led by exports, while inflation pressures persist. Traders price in a September ECB rate hike as officials warn of prolonged energy risks.
Warsh signals Fed policy shift in Jackson Hole speech
Federal Reserve Chair Kevin Warsh’s remarks at Jackson Hole reaffirmed the central bank’s 2% PCE inflation target and aligned his stance with FOMC consensus. Markets reassess September rate hike odds.
German inflation rises to 2.9% in August as energy costs surge
Consumer prices accelerated on higher energy costs, exceeding analyst estimates, while core inflation held steady. Euro zone data due Tuesday may show a similar trend.
Fed's Warsh signals shift toward traditional policy stance at Jackson Hole
Federal Reserve Chair Kevin Warsh used his first Jackson Hole address to align his communication with conventional central banking, reiterating the 2.0% inflation target and detailing his data-driven approach. Markets responded with expectations of tighter policy.
BofA warns of persistent inflation pressure on consumer staples through 2026
Bank of America flags double-digit commodity cost swings and limited pricing power as key risks to margins for food and household goods producers in H2 2026.
Eurozone growth accelerates, reinforcing ECB rate hike case
Barclays upgrades euro area GDP outlook as sentiment improves, while inflation pressures persist ahead of September ECB meeting.
Barclays warns El Niño could trigger broad commodity price surge
Analyst Craig Rye sees 10-40% gains in palm oil, coffee and rice, while copper, aluminium and coal face supply risks from a projected strong El Niño event.
Australia's July inflation exceeds forecasts, raises rate hike odds
Consumer prices rose 3.5% year-on-year in July, outpacing projections and keeping pressure on the Reserve Bank of Australia to tighten policy. Markets now price a 27% chance of a hike in September.
Australia's July inflation exceeds forecasts, fuels RBA rate hike bets
Consumer prices rose 1.0% month-on-month, outpacing expectations and keeping annual inflation at 3.5%. Traders boost September rate hike odds to 38% amid rising core pressures.
Dollar steadies ahead of U.S. inflation data, Jackson Hole speech
The greenback held near recent peaks as investors awaited fresh consumer price readings and a key Federal Reserve address. The euro and sterling slipped after mixed economic signals.
Gold holds near-term support as analysis flags seasonal S&P risks
Weekly losses for gold follow yield-driven volatility, with analysis warning of seasonal equity-market fragility despite the metal's longer-term resilience.
German yields surge to multi-year peaks after Fed's Warsh signals hawkish stance
Germany's 10-year Bund yield climbs to 12-year high as money markets price near-60% chance of a September U.S. rate hike. ECB decision looms amid rising inflation pressures.
Fed’s Warsh signals hawkish tilt on inflation but leaves rate path unclear
Investors welcomed clearer inflation guidance from Federal Reserve Chair Kevin Warsh, yet uncertainty persists over the timing and scale of potential rate hikes. Treasury yields and dollar gains reflect shifting expectations.
Gold slips from three-month peak as oil, yields retreat
Gold prices eased 1.4% after hitting a three-month high, while U.S. Treasury yields and oil also declined. Fed Chair Warsh's Jackson Hole remarks and geopolitical tensions added to market focus.
U.S. stock futures slip ahead of Nvidia earnings, PCE data
Dow and S&P 500 futures edge lower as investors await key inflation data and Nvidia's quarterly results. Intel rival AMD gains 4.9% in pre-market trading.
U.S. stock futures slip ahead of PCE data, Nvidia earnings
Futures drifted as investors assessed July inflation readings and awaited Nvidia's quarterly report. Core PCE matched forecasts at 3.3% YoY, while durable goods orders topped estimates.
German stocks set for modest gain ahead of Jackson Hole; Nvidia rallies on earnings
Dax futures point to a 0.3% rise as Nvidia's quarterly results exceed expectations, lifting chipmakers and tech peers. Fed's preferred inflation gauge remains elevated ahead of central bank symposium.
Japan's corporate services inflation hits 3.6% in July, fastest since 2023
Service-sector producer prices rose 3.6% year-over-year, up from 3.4% in June, as firms pass on rising costs amid a tight labor market and weak yen. Bank of Japan seen hiking rates in September.
Canadian dollar weakens to 2026 low on U.S. trade tensions, inflation
Loonie falls 0.27% as Ottawa retaliates against U.S. tariffs and U.S. PCE inflation exceeds forecasts. Canadian measures to take effect Sept. 8.
Brazil unemployment rate falls to 5.3% as wage mass hits record
Jobless rate drops to lowest level since 2012, but robust wage growth keeps central bank policy cautious ahead of September rate decision.
BOJ seen accelerating tightening with 1.25% rate hike in September: poll
A Reuters survey of economists shows 57% expect the Bank of Japan to raise its key rate next month to 1.25%, up from 1% in June, as yen pressure and inflation concerns mount.
Brazil's real weakens as U.S. PCE inflation exceeds forecasts
U.S. core PCE matched expectations, but headline inflation rose 3.7% year-on-year, lifting the dollar to R$5.1533 against the real. Brazilian inflation preview fell more than expected.
IMF chief says global economy holding up to energy shock, flags fiscal risks
Kristalina Georgieva warns of a 'tug of war' between energy supply disruptions and AI-driven growth, as fiscal pressures mount ahead of G20 talks.
UK inflation expectations rise to 3.9% in August, survey shows
Public expectations for price growth over the next year and longer term increased after months of decline, complicating the Bank of England’s inflation outlook.
EUR/USD slips as dollar rebound tests rate-differential trade ahead of Jackson Hole
The euro retreated 0.09% to 1.1654 as a dollar bounce—driven by short-covering ahead of U.S. inflation data and the Fed’s Jackson Hole symposium—tests the single currency’s resilience. Positioning, not fundamentals, is dictating the near-term move.
Brazil DI rates end little changed after IPCA-15, U.S. data
Brazilian interest rate swaps for 2028 and 2035 ended flat to slightly lower as inflation data and U.S. yields offset modestly. IPCA-15 surprised to the downside while core services firmed.
Mexico's central bank lifts 2026 growth forecast, extends inflation target timeline
Banxico raises its 2026 GDP growth outlook to 1.5% from 1.1% while pushing back the timeline for headline inflation to hit its 3% target to Q4 2027. Core inflation forecast for Q4 2026 adjusted to 3.5%.
ECB seen raising rates in September as Iran war fuels inflation risks
Central bank officials plan a 25-basis-point hike to 2.50% next month, citing energy price pressures from the Middle East conflict and resilient economic activity.
U.S. Treasury yields slip as oil falls, buyback debate heats up
Longer-dated U.S. Treasury yields eased as oil prices hit a one-week low and markets reassessed Treasury Secretary Bessent’s plan to more than double bond buyback operations.
ECB seen hiking rates in September without forward guidance
Central bank expected to raise deposit rate to 2.50% next month as inflation nears 3%, but policymakers unlikely to signal additional tightening. Next week’s data release may influence decision.
ECB poised to hike rates in September as Iran war stokes inflation risks
European Central Bank expected to lift borrowing costs to 2.50% next month amid energy price pressures tied to regional conflicts. Inflation remains near 3%, while policymakers signal limited scope for further tightening.
Brazil's IPCA-15 inflation slows further but services pressure keeps Copom cautious
August's IPCA-15 fell 0.40% on the month, exceeding expectations, while core services inflation accelerated. Policy makers face a delicate balance ahead of the September 16 meeting.
Canadian dollar weakens ahead of Fed remarks at Jackson Hole
Loonie falls 0.06% to one-week low as investors await Fed Chair Warsh's speech. Trade tensions between Ottawa and Washington add pressure.
Boston Fed's Collins signals possible rate hike if inflation stalls
Fed policymaker warns rates may need to rise soon if upcoming data fails to show sustained disinflation, as core PCE inflation holds near 3.3% annually.
U.S. economic data dump Wednesday: GDP, durable goods and oil inventories in focus
GDP growth, durable goods orders and EIA crude stockpiles headline a busy U.S. data calendar. Markets await signals on inflation and economic momentum.
Brazil posts record July tax revenue as economic activity strengthens
Federal tax intake hit R$289.3bn, up 9.0% in real terms from a year earlier, as corporate and investment-related levies surged. Year-to-date receipts rose 7.0% to R$1.88tn.
Gold pullback seen as correction, not reversal, analysis says
Technical pullback tests $4,600 support after August rally; analysis flags $4,570–4,610 as key correction zone ahead of U.S. inflation data.
U.S. jobless claims, Kansas Fed data headline Thursday's economic calendar
Initial jobless claims forecast at 208K, Kansas Fed composite index among data due before the Jackson Hole symposium. Natural gas storage, retail inventories also on tap.
Brazil’s Flavio Bolsonaro proposes public debt ceiling if elected
Senator Flavio Bolsonaro’s campaign plans to introduce a constitutional debt ceiling that would trigger spending caps if gross public debt exceeds 65% of GDP. Adviser Adolfo Sachsida outlines the proposal amid Brazil’s rising debt burden.
ECB officials alarmed by U.S. policy shifts at Jackson Hole
European central bankers cite U.S. Treasury interventions and debt strategy changes as signs of rising transatlantic policy friction. Fed swap lines remain secure, officials say.
Aussie dollar strengthens on hawkish RBA bets after hot inflation data
Australian inflation and spending data fuel rapid repricing of RBA rate hike odds, lifting AUD across major crosses. Technical breakdowns emerge in EUR/AUD and GBP/AUD, while AUD/NZD breaks wedge resistance.
European stocks steady as Iran-Oman talks, U.S. inflation weigh in
European equities ended little changed on Wednesday as investors weighed geopolitical developments in the Gulf and U.S. inflation data ahead of the Federal Reserve's next policy decision.
Brazil’s IPCA-15 seen at -0.31% in August on Itaipu bonus
Deflation forecast driven by temporary electricity discount; 12-month inflation slows to 4.34% as regulated prices fall. IPCA-15 release slated for Aug. 26.
EUR/USD steadies near 1.1660 after PCE-driven pullback
Pair consolidates gains after July data tempers Fed dovish expectations; 1.1710 remains key resistance. Analysis suggests policy-convergence trade may have peaked.
Brazil's July federal tax revenue rises 8.97% in real terms, hits record
Federal tax collection reached R$289.3 billion, a record for July, driven by oil-related gains and broader economic activity. Adjusted growth excluding one-off oil taxes stood at 6.44%.
U.S. July PCE inflation data meets expectations, Fed rate path in focus
Core PCE rose 0.2% month-on-month and 3.3% year-on-year in July, aligning with forecasts as markets await Fed commentary. Analysts see steady rates in September, with December hike odds rising.
Bitcoin dips below $80,000 as gold, yields retreat
Crypto and bullion prices eased after failing to hold key levels, while U.S. 30-year bond yields fell toward three-week lows. Focus shifts to inflation data and Nvidia earnings.
U.S. mortgage rates steady near 6.66% as housing market cools
30-year fixed mortgage averages 6.66% for the week ended Aug. 27, unchanged from the prior week, while 15-year rates rise to 5.98%. Freddie Mac chief economist cites resilient economy and improving supply.
Crypto traders await Fed Chair Warsh’s Jackson Hole speech
Markets are positioning ahead of a speech by Federal Reserve Chair Kevin Warsh at the annual Jackson Hole symposium.
Warsh at Jackson Hole: Fed keeps September rate hike in play, prioritizes inflation
Fed policymaker Kevin Warsh signals readiness to raise rates if inflation fails to cool, while Truist Wealth warns of shifting market dynamics. Treasury yields flatten on hawkish tone.
Mexico posts $8.93 bln current account surplus in Q2, central bank says
Second-quarter surplus contrasts sharply with a revised $18.23 bln deficit in Q1, driven by trade and remittance flows. Central bank data released Tuesday.
Boston Fed's Collins signals near-term rate hike if inflation progress stalls
Boston Federal Reserve President Susan Collins warns rates may need to rise soon if sustained disinflation evidence fails to materialize. Her remarks precede a key Fed symposium.
Boston Fed's Collins signals near-term U.S. rate hike unless inflation keeps falling
Fed official warns rates may need to rise soon if sustained disinflation evidence fails to materialize despite recent progress.
U.S. consumer confidence falls to 89.4 in August, lowest since January
Index drops to 89.4 from revised 90.2 in July, with inflation expectations rising to 5.8% over the next year. Conference Board cites deteriorating labor market and business outlook.
U.S. consumer confidence hits seven-month low in August: Conference Board
Index falls to 89.4 as inflation outlook worsens and labor market sentiment sours, according to the Conference Board's latest survey.
U.S. consumer confidence falls for second straight month in August
Conference Board index drops to 89.4 from downwardly revised 90.2 in July, as persistent inflation and elevated energy costs weigh on sentiment.
Jackson Hole focus shifts to who bears the cost of rising U.S. deficits
Annual Fed gathering examines fiscal dominance risks as budget gaps exceed 4% of GDP for five straight years. Central bank independence and inflation history frame the debate.
U.S. stocks rise as tech rebounds ahead of Nvidia earnings, inflation data
Dow, S&P 500 and Nasdaq advance as semiconductor and AI-related shares recover from Monday’s losses. Focus shifts to Nvidia’s quarterly report and key inflation figures due later this week.
Irã reafirma resistência a sanções dos EUA e vincula diplomacia à defesa
Governo iraniano diz que sanções dos EUA e 'conspirações' com Israel não deterão políticas de segurança e resistência econômica. Inflação, emprego e produção doméstica são prioridades.
Druckenmiller criticizes US Treasury plan to suppress bond yields
Investor Stanley Druckenmiller argues that government efforts to artificially lower long-term U.S. Treasury yields will fail, citing a long-standing principle that markets ultimately prevail. The criticism comes as yields hit multi-decade highs amid rising debt and investor demand for higher compensation.
UBS ranks Switzerland’s most desirable residential locations
UBS study finds medium-sized Swiss cities outperform large urban centers on cost and livability, with Freiburg, Solothurn and Aarau leading in affordability. Nine of ten regions favor mid-sized towns over metropolises.
U.S. consumer confidence falls to 89.4 as uncertainty weighs
Index declines from 90.2 to 89.4 in August, missing forecasts of 90.3 and signaling caution amid persistent inflation and growth concerns.
Hungary’s central bank cuts key rate to 5.5% in third consecutive move
The National Bank of Hungary lowered its benchmark interest rate by 25 basis points, citing a decade-low inflation reading of 1.2% in July. Governor Mihaly Varga signaled scope for further quarter-point reductions.
U.S. private payrolls rise 11,750 weekly in four weeks to Aug 8: ADP
Weekly private payroll growth averaged 11,750 jobs in the four weeks to Aug. 8, ADP data shows, up from 9,500 the prior week, as labor market momentum remains subdued.
U.S. building permits rise 4.3% in August, below expectations
Permits issued increased for the first time in two months, signaling tentative recovery in construction activity despite missing forecasts.
Bitcoin falls below $78,000 as US PCE inflation exceeds forecasts
Digital asset declines alongside equities and gold after July PCE data misses estimates. Nvidia earnings due Wednesday expected to drive further volatility.
DAX edges up 0.1% as oil slide eases inflation concerns
German blue-chip index nears record high after softer oil prices and upbeat economic signals, while SAP drops nearly 3% on UBS downgrade. Nvidia earnings loom as key U.S. catalyst.
Brazil consumer confidence falls to lowest since late 2022 in August
FGV's consumer confidence index dropped for a fourth straight month, hitting 84.7 points as households grow more pessimistic on finances and durable goods purchases.
U.S. Treasury buybacks near $4 bln fuel bond rally, CTA short squeeze seen
Long-term Treasury purchases by Scott Bessent's team coincided with a 10-basis-point drop in 30-year yields after a 19-year high. Analysts warn of potential financial repression and fiscal risk compensation.
Swiss SMI edges up 0.12% as Roche, Novartis weigh on blue chips
Amrize and Holcim lead gains in the SMI, while Stadler Rail surges 22% on strong half-year results. US PCE inflation ticks up to 3.7%, lifting September Fed hike odds to 40%.
Japan seeks record $230 billion for debt servicing in FY2027 budget
Finance Ministry requests ¥36.6 trillion to cover interest payments and redemptions, a 17% rise from the current fiscal year's initial allocation. The provisional budget surpasses ¥130 trillion for the first time.
UK Chancellor Healey to unveil cautious budget amid £9 bln fiscal headroom loss
John Healey faces narrowing fiscal headroom as higher debt costs and spending commitments erode £23.6 bln buffer ahead of October 28 budget. Defense spending targets and windfall taxes on banks and energy firms under review.
Australia household spending rises 1.1% in July, fastest since 2023
Monthly household spending in Australia increased for a third straight month in July, supported by gains in recreation, food and health services, data from the Australian Bureau of Statistics showed.
German growth surprise, cheaper oil lift European stocks
DAX gains nearly 1% as GDP beats expectations; Brent and WTI oil drop 3% on easing Iran tensions. Siemens Energy shares rise on unit spin-off plans.
U.S. debt surge reshapes bond market expectations amid rising rates
Total U.S. debt surpasses $40 trillion as deficits near 6% of GDP, prompting bond investors to reassess long-term borrowing costs and fiscal sustainability.
U.S. core PCE inflation holds at 3.3% in July, matching forecasts
Analysts see sticky services inflation as a key risk, with Fed policy focus shifting to Jackson Hole and September FOMC meeting. Consumer spending growth adjusted for inflation flat.
Winchester Bancorp shares flat as broader market rises
WSBK holds near $13 after strong loan growth and positive 2026 EPS, while U.S. indexes advance on softer inflation outlook.
German consumer sentiment improves for fourth straight month in August
Index rises to -26.6 in September from -29.4 in August, outpacing analyst forecasts as economic and income expectations rebound.
German Ifo business climate index rises more than expected in August
The Ifo Business Climate Index climbed to 88.8 in August, its fourth consecutive monthly gain, as uncertainty eased despite rising energy costs and geopolitical risks.
U.S. stocks little changed ahead of Nvidia earnings as inflation tempers rate-cut bets
Equities showed limited movement Tuesday as investors awaited Nvidia's quarterly report, while persistent U.S. inflation data reduced expectations for imminent Federal Reserve easing.
German business confidence exceeds forecasts in August
Ifo Institute's business climate index rose to 88.8 in August from a revised 86.7 in July, surpassing economists' median estimate of 87.2. Germany's Q2 GDP growth revised up to 0.3% quarter-on-quarter.
Gold rises toward $4,600 as investors await Fed’s Warsh at Jackson Hole
Spot gold climbs 0.3% as July PCE data meets forecasts and U.S. debt tops $40 trillion; traders eye Friday’s Jackson Hole speech by Fed Chair Kevin Warsh for policy clues.
German business sentiment jumps to 88.8 in August, Ifo survey shows
Ifo Business Climate Index rose to 88.8 from 86.7 in July, beating forecasts of 87.2, as all sectors reported improvement amid energy price pressures.
U.S. stocks little changed ahead of Nvidia earnings; Dow slips 0.07%
Wall Street drifted Wednesday as investors awaited Nvidia's after-hours results and digested mixed U.S. inflation and growth data. The Dow fell 37 points, while oil prices eased on Gulf transit talks.
US stocks edge higher ahead of Nvidia earnings amid mixed data
Dow, S&P 500 and Nasdaq 100 post modest gains as investors await Nvidia's after-hours results. Inflation data shows mixed signals but little impact on broader market positioning.
Nvidia shares slip ahead of quarterly results; U.S. markets steady on inflation data
U.S. stocks opened little changed after July PCE inflation data exceeded forecasts, lifting odds of a September Fed rate hike. Nvidia shares dipped before its AI-driven earnings release after hours.
Citigroup warns aggressive Treasury yield cap may weaken dollar
Citi’s asset allocation head cautions that capping long-end U.S. Treasury yields could divert investor flows from Treasuries, reducing dollar demand. The 30-year yield hit a 2007 high as fiscal and duration risks mount.
BoE’s Bailey says second-round inflation effects remain subdued
Bank of England Governor Andrew Bailey signals limited domestic inflation pressure despite energy market volatility. Markets price one rate hike by year-end.
Canada's fiscal deficit narrows sharply in Q1 2026/27 to C$370 mln
Canada recorded a C$370 million budget deficit for the first three months of fiscal 2026/27, down from C$6.28 billion a year earlier. Program spending rose 4.3%, while revenues increased 9.8%.
Bitcoin falls below $79K as Fed’s Warsh signals no shift in inflation stance
Fed Chair Kevin Warsh cautioned that recent softer inflation prints do not indicate a sustained trend, weighing on crypto markets. Bitcoin slipped to $78.4K in volatile trading after his Jackson Hole remarks.
Smaller Revision Points to More Accurate Jobs Numbers
The Bureau of Labor Statistics' 2026 revisions adjust total workforce figures by 0.1 percent.
Canada posts C$370 million Q1 deficit as revenues rise 9.8%
First-quarter budget gap narrows sharply from C$6.28 billion year-ago shortfall amid 4.3% spending growth and 9.8% revenue increase.
Brazilian DI rates rise as Warsh signals Fed inflation vigilance
DI futures climb after Federal Reserve’s Warsh says ‘work remains’ on U.S. inflation, lifting bets on tighter policy. Producer prices in Brazil fall 0.83% in July.
Warsh opens keynote at Jackson Hole symposium amid policy debate
Federal Reserve Chair Kevin Warsh signals Fed’s evolving stance on financial innovation and payments policy as core inflation remains above target. Regional Fed presidents dissent on interest-rate stance.
DAX hits record high after Fed’s Warsh remarks on inflation stance
German blue-chip index rises 0.8% to fresh peak of 26,580.64 points, extending 2025 gain to 8.5% as markets weigh Fed’s hawkish tone. Oil retreat and autos rally add support.
Warsh warns Fed must act if inflation stays above target
Federal Reserve Chair Kevin Warsh signals potential rate hikes if inflation remains elevated, as PCE data shows little progress toward 2% target.
Meta shares slip after $16.7 bln child safety settlement
Stock dips 0.4% as legal resolution caps potential $1.4 trln liability, while broader market and AI trade weigh on sentiment.
Meta shares slip after $16.7 bln legal settlement
Stock falls 0.4% as company settles claims of addictive design with 29 U.S. states, while broader tech sector faces pressure ahead of Fed meeting and Nvidia earnings.
Gold rises to three-month high as U.S. inflation, bond jitters persist
Spot gold climbed to nearly $4,700 per ounce amid concerns over U.S. inflation and bond market volatility. Bitcoin also surged past $80,000 for the first time since May.
U.S. stocks fall on hotter-than-expected inflation, Nvidia earnings in focus
Dow, S&P 500 and Nasdaq open lower after August CPI data points to potential Fed rate hike. Nvidia earnings awaited after market close.
U.S. stocks slip at open after hotter inflation data; Nvidia in focus
Dow, S&P 500 and Nasdaq open lower as consumer prices rise more than expected, lifting odds of a Fed rate hike. Nvidia earnings awaited after market close.
Fed rate hike odds rise after July PCE inflation uptick
Probability of a September hike increases to 44% as core PCE holds steady at 3.3% while headline PCE climbs to 3.7%.
Gold rallies as sticky inflation keeps pressure on long-dated Treasuries
PCE data reinforces expectations for prolonged Fed caution, while Treasury buybacks ease long-end yields temporarily. Analyst warns of renewed pressure on the long end.
Brazilian DI rates hold steady as IPCA-15 inflation cools but services accelerate
Short-term DI contracts remain flat near prior session levels, while long-end rates ease modestly. Inflation data shows mixed signals with services inflation still running hot despite headline IPCA-15 easing.
Brazil stocks edge up as inflation data tempers rate-cut bets
Ibovespa rises 0.34% on mixed inflation signals; foreign inflows remain negative for August. Energy shares diverge as gasoline subsidy extension weighs on refiners.
US consumer spending rises 0.2% in July despite sticky inflation
Personal consumption increased more than forecast as inflation pressures persist. PCE inflation held at 3.7% in July, underscoring the Fed's challenge ahead of Jackson Hole.
Brazil’s inflation cools with first monthly drop in a year, IPCA-15 at 4.24% y/y
Consumer prices fell 0.40% on the month, the first decline since August 2025, while annual inflation eased to 4.24%. Central bank’s next policy meeting set for Sept. 15–16.
RBA minutes reveal August debate on rate hike amid inflation risks
Minutes from the Reserve Bank of Australia’s August meeting show policymakers considered a 25-basis-point hike as inflation pressures persisted, despite leaving rates unchanged at 4.35%. September meeting pricing now reflects a 67% chance of a hike by February.
RBA minutes show debate over rate hike amid inflation risks
Minutes from the August RBA meeting reveal a discussion on raising interest rates by 25 bps, as inflation remains above target. Market pricing reflects a 13% chance of a hike by September.
US inflation holds at 3.7% in July; Q2 GDP growth confirmed at 1.5%
Sticky price pressures persist as the Fed's preferred inflation gauge remains above target for 65 straight months. Second-quarter GDP growth was left unchanged in a government revision.
Brazil inflation falls to 4.24% in early August, within target band
Consumer prices declined 0.4% month-on-month, undershooting forecasts as the central bank's fourth straight Selic cut takes effect ahead of September policy meeting.
U.S. personal income rises 0.4% in July, outpacing forecasts
Private consumption and PCE inflation both exceed expectations as U.S. economic data signals resilient spending and sticky price pressures.
U.S. core PCE inflation rises 0.2% in August, matching forecasts
The Federal Reserve's preferred inflation gauge rose in line with expectations, signaling steady but contained price pressures. The dollar held gains after the data.
Germany posts stronger-than-expected Q2 growth, Q2 deficit hits record €71.3bn
German GDP rose 0.3% in Q2, beating prior estimates, while the state deficit widened to €71.3bn in H1 due to defense and infrastructure spending. Analysts warn of rising debt costs amid weak tax revenues.
Why the Dollar’s Upcoming PCE Test Could Unsettle the Yield Curve—and What It Means for Euro‑Dollar
As core PCE looms, a retreat in long‑dated yields signals a fragile dollar rally; I argue the data will reshape expectations for Fed policy and the EUR/USD trajectory.
U.S. inflation holds at 3.7% in July, GDP growth steady at 1.5%
Annual PCE inflation matched June’s 3.7% pace as core services and energy prices offset monthly declines. Second-quarter GDP growth was unrevised at 1.5% amid steady Fed policy.
US dollar under pressure ahead of PCE data as yields retreat
Long-dated Treasury yields have fallen after bond buybacks expanded, while oil prices eased; core PCE data will test if disinflation narrative holds.
EUR/USD holds gains above 1.1575 as energy prices ease ahead of Jackson Hole
Euro strengthens on softer oil prices and falling Treasury yields, with core PCE and Fed Chair Warsh’s speech next on the agenda.
U.S. stock futures slip after hotter-than-expected inflation data
S&P 500 and Nasdaq futures dip as July PCE inflation rises 0.2% monthly and 3.7% annually, while Dow futures edge up. GDP growth matches estimates.
Brazil real steady vs dollar after IPCA-15 deflation surprise
The U.S. dollar held near stability against the Brazilian real on Wednesday after the mid-month inflation reading showed deeper-than-expected deflation in August.
BOJ’s Himino signals ‘timely’ rate hike amid inflation pressures
Deputy Governor Ryozo Himino warns of upside inflation risks and calls for gradual but prompt policy tightening, with September seen as a potential meeting for action.
South Korea hikes rates to 3.00% as inflation pressures persist
Bank of Korea raises benchmark rate for second straight meeting, projects gradual tightening into 2027 amid price stability concerns. Treasury bond futures gain 0.2 points.
Brazil's IPCA-15 inflation drops 0.40% in August, 12-month rate falls to 4.24%
The consumer price index IPCA-15 declined for the first time since August 2025, while the 12-month reading eased below the central bank's target ceiling. Food, housing and transport costs drove the monthly decrease.
Investors await Fed's Warsh to clarify Jackson Hole policy stance
New Fed Chair Kevin Warsh's debut speech at the Kansas City Fed's annual symposium faces scrutiny as markets seek clarity on his inflation and rate guidance approach.
RBA board split on rate hike in August amid inflation risks
Minutes show several members favored a hike to 4.6% but majority opted to hold at 4.35% as inflation pressures eased. Next decision due Sept. 28-29.
Brazil stocks rise as techs falter ahead of U.S. data, Jackson Hole
Ibovespa gains 0.24% as Vale leads gains; Brent crude drops 2.93% to $87.82/bbl. U.S. PCE and Fed’s Warsh speech awaited.
Tech rout, tariff threats weigh on global markets amid U.S. yield drop
U.S. Treasury yields fell as tech stocks pulled back; Trump threatened 50% tariffs on Canadian autos, while Canada vowed retaliatory measures. Bitcoin held above $80,000.
Brazil's jobless rate falls to 5.3% as employment hits record high
Unemployment in the three months to July dropped to 5.3%, the lowest since 2012, while the number of employed reached a record 103.3 million, IBGE data shows.
ECB signals September rate hike after July pause, cites inflation risks
Accounts from the July 22-23 meeting show policymakers prepared for a 25-basis-point increase in September, while corporate lending growth accelerated to 4.4% in July.
U.S. wholesale inventories jump 1.3% vs 0.2% forecast, stoking growth concerns
Unexpected surge in wholesale stockpiles signals potential demand weakness and risks to economic expansion, overshooting forecasts by a wide margin.
Six EU nations push for €400 billion cut to 2028-2034 budget plan
Germany, Denmark, Netherlands and three others seek 'balanced' reductions to the bloc's €2 trillion long-term budget proposal ahead of 2026 agreement deadline.
ECB minutes signal likely September rate hike amid persistent inflation
Minutes from July’s ECB meeting indicate further tightening may be required if inflation remains elevated. Markets price in a near-certain rate increase on Sept. 10.
Fed’s Hammack says time may be right for rate hike amid inflation concerns
Cleveland Fed President Beth Hammack signals support for a rate increase, citing persistent inflation above target. Next policy meeting remains weeks away.
Sweden lifts 2026 GDP growth forecast to 2.5% ahead of September election
Centre-right coalition raises growth outlook on policy support, citing stronger household finances and lower inflation. Opposition leads in latest polls.
ECB minutes signal stronger case for September rate hike
July meeting minutes and recent data point to growing support among policymakers for a rate increase next month, with risks to inflation remaining tilted to the upside.
ECB signals likely July rate hike after July meeting pause
Minutes show officials prepared to raise benchmark rate to 2.5% from 2.25% as inflation nears 3% and corporate lending surges 4.4%.
Kansas City Fed's Schmid signals further rate hikes despite limited restraint on economy
Jeffrey Schmid, president of the Federal Reserve Bank of Kansas City, stated that current policy rates do not appear to be restricting economic activity, while reiterating support for additional hikes to achieve the 2% inflation target.
Fed’s Warsh faces inflation test as U.S. prices rise again
U.S. inflation remains stubbornly above target ahead of the September Fed meeting, with auto, housing and leisure costs accelerating. New Fed Chair Kevin Warsh must weigh data against political pressures.
Swiss SMI dips 1% as Nestlé, Novartis, Roche weigh; Gurit surges 10%
Heavyweights drag Switzerland’s blue-chip index lower while Gurit jumps on strong earnings. Investors eye Jackson Hole for Fed clues amid elevated inflation and geopolitical risks.
Eurozone bank credit growth accelerates in July after ECB rate hike
Lending to companies and households in the euro area rose to 4.4% and 3.1% respectively, the fastest pace since early 2023. The increase followed the ECB's first rate increase in nearly three years.
Dollar steadies ahead of Fed speaker; AUD, CAD diverge
The U.S. currency held firm as traders awaited a pivotal speech by Fed Governor Kevin Warsh, while the Australian dollar gained despite hot inflation data. The Fed's preferred inflation gauge matched forecasts, but growth indicators softened.
Gold slips as Middle East tensions ease; technical break below $4,649 in focus
Gold prices fell for a third session as diplomatic progress in the Strait of Hormuz eased supply risks, while investors await U.S. inflation data and Fed signals at Jackson Hole. Technical support at $4,649 remains critical.
European stocks edge lower as AI demand optimism fades
European equities slipped after Nvidia's strong results as investors reassessed AI hardware demand and macro headwinds weighed on broader markets. German consumer sentiment improved slightly ahead of September.
Asian stocks mixed as Nvidia rallies tech, rate hikes weigh
Tech shares led gains after Nvidia's blockbuster earnings, but regional markets were capped by rising rate expectations and central bank tightening. South Korea and Thailand outperformed while Australia lagged.
France’s 2027 budget battle: key risks as deficit pressures mount
Prime Minister Sébastien Lecornu faces a minority government and tight deadlines to pass France’s 2027 budget amid weak growth, emergency spending, and constitutional constraints. A failure to legislate could trigger unprecedented fiscal paralysis.
Global economic calendar: Key events for Aug 27, 2026
Earnings season continues with German, French and U.S. companies reporting quarterly figures while central bank data and labor indicators take center stage in Europe and the U.S.
ECB’s Schnabel says rates may need to rise further amid inflation risks
ECB Governing Council member Isabel Schnabel warns borrowing costs may need to increase further to bring inflation back to target as energy-driven price pressures persist. Markets seen as aligned with policy guidance.
Spanish Airbus workers resume indefinite strike over wage dispute
Strike action covers about 90% of eligible staff after workers rejected a salary proposal. Airbus freezes hiring as unions demand inflation-linked pay rises and remote work restoration.
Colombia’s central bank sees inflation near 3% target by mid-2028
Projections indicate inflation will ease to 4.3% by end-2027, still above the 3% target, as domestic demand outpaces supply. Fiscal rule compliance remains suspended through 2027.
Oil prices fall for third day, easing market jitters ahead of Jackson Hole
Brent crude drops over 2% to $85.43, WTI falls 2.4% to $80.36 as geopolitical risks ease. Fed's Warsh to speak at Jackson Hole as inflation data looms.
Gold holds near three-month highs as investors await PCE data
The metal remains supported by dollar weakness and falling oil prices, with focus shifting to U.S. inflation data and a speech by Fed Chair Warsh at Jackson Hole.
Warsh’s Jackson Hole speech awaited as investors seek Fed clarity
Traders look for signals on rate path amid rising bond yields and uncertainty over new Fed Chair Kevin Warsh’s policy stance at the Kansas City Fed’s annual symposium.
European stocks edge up as Geberit surges on earnings
DAX flat at 26,126 as chip stocks lag; Geberit jumps 8.4% on Q2 beat; ten-year Bund yields hit 11-year high of 3.25%.
UBS-CFA indicator rises but uncertainty over Swiss economy grows
Swiss economic sentiment improves for second month, yet expectations diverge sharply; U.S. outlook darkens while SNB seen holding rates at zero. Euro seen above 0.90 CHF with 79% probability.
ECB's Schnabel signals further rate hikes, lifts euro outlook
Isabel Schnabel warns current ECB rates are insufficient to tame inflation, suggesting a prolonged tightening cycle may follow the September move. EUR/USD gains technical momentum as markets reassess policy path.
European stocks rise ahead of U.S. inflation data, Nvidia earnings
Euro Stoxx 50 gains 0.2% as oil prices fall on regional transit talks; chipmakers mixed ahead of Nvidia's quarterly report; FTSE 100 little changed.
German stocks little changed as oil slide offsets SAP losses
DAX holds near record levels ahead of U.S. inflation data and Nvidia earnings; SAP drops on UBS downgrade as oil rout eases inflation concerns.
Thailand holds benchmark rate at 1.00% as growth weakens
Bank of Thailand keeps policy rate unchanged amid second-quarter GDP contraction and slowing annual expansion. Decision aligns with 30 of 32 economist forecasts.
Brazil’s fiscal outlook remains clouded ahead of October vote
Investors maintain skepticism over fiscal adjustment prospects under either Lula or Flávio Bolsonaro, with debt projections and market outflows underscoring risks. Selic seen at 13.75% by year-end.
Brazil’s October vote pits divergent fiscal paths but debt targets align
Opposing presidential and congressional candidates offer starkly different fiscal strategies, yet both aim to stabilize Brazil’s debt by 2031 amid widening deficits and rising debt ratios.
Thailand central bank leaves benchmark rate at 1.00% as growth weakens
Bank of Thailand holds key rate unchanged amid 0.2% quarterly GDP contraction and annual growth slowdown to 1.9%. Decision aligns with 30 of 32 economist forecasts.
Silver consolidates near $68.70 after rebound; breakout targets eyed
Technical analysis suggests silver faces a pivotal test at the Daily VC PMI mean (representing the Variable Changing Price Momentum Indicator) after a reported 12% recovery. A breakout above $71.29 could expose weekly targets near $75.00.
Nvidia earnings, PCE data drive U.S. stock futures ahead of Fed focus
Nvidia's quarterly revenue forecast of $92.18 billion and July core PCE data set the tone for U.S. stock futures. Fed policy risks linger as Middle East tensions and Canadian tariff threats add pressure.
Dollar steadies as softer energy lifts risk appetite; euro gains on ECB hawkishness
U.S. Treasury yields fall 10-15 bps after intervention; energy prices drop 8% in a week. ECB’s Schnabel flags upside growth risks, supporting euro strength ahead of U.S. inflation data.
Swiss real estate risk index falls to lowest in three years, Moneypark says
Moneypark's Real Estate Risk Index dropped to 3.5 points in Q2 2026, driven by stronger PMI, low SNB rates and a slowdown in real price growth, though unemployment and migration weakness remain risks.
Nvidia earnings, PCE data and oil rout shape Wednesday’s market moves
Nvidia’s quarterly results, U.S. inflation data and a sharp drop in oil prices are set to drive trading as geopolitical risks and trade disputes add pressure.
Gold breaks above $4,798 after rally to $4,755, targets $4,895
Technical analysis points to further upside after gold’s decisive breakout, with $4,895 as the next major resistance. Support levels and cycle analysis outlined as market eyes U.S. inflation data and Fed commentary.
Germany's budget deficit hits 3.1% of GDP in H1, breaches EU limit
Deficit surges to €71.3 billion as federal shortfall widens by €29 billion year-on-year, driven by defense spending and subsidies. Rising borrowing costs compound fiscal strain.
Citadel warns U.S. Treasury bond buybacks may weaken dollar
Citadel Securities says expanded buyback program could fuel inflation and pressure the greenback as long-term yields remain elevated.
Brazil’s Galípolo flags credit growth risks amid rising household debt
Central bank chief acknowledges debt expansion as credit stimulus broadens access but warns of rising unsecured borrowing costs and defaults. Private payroll loans a key driver.
Poland’s July retail sales rise 3.9%, below expectations
Polish retail sales grew 3.9% year-on-year in July, undershooting forecasts of 4.5% growth. Annual growth slowed from June’s 6.2% as fuel sales declined and clothing demand fell.
Europe’s equity rally may persist on cheaper oil, fiscal boost
Euro Stoxx 50 gains of 8% in three months and Citi’s 8% upside target to mid-2027 support the case for further gains. Fiscal easing and lower oil prices are cited as key tailwinds.
European gas prices surge as reserves decline amid Middle East tensions
TTF month-ahead contract hits near eight-month high as geopolitical risks and falling storage levels tighten Europe's energy outlook.
German economy grows for third straight quarter, beats expectations
Q2 GDP rises 0.3% quarter-on-quarter as exports rebound, outpacing prior estimate. Manufacturing PMI hits four-year high amid defense, infrastructure orders.
Wall Street opens lower on Iran tensions, inflation data awaited
U.S. stock indexes slipped at the open as investors balanced geopolitical risks and awaited Nvidia earnings and key inflation figures. Dow down 0.03%, S&P 500 off 0.14%, Nasdaq down 0.44%.
U.S. stocks slip as Iran tensions, inflation data loom; Nvidia in focus
Wall Street opened modestly lower Monday as investors balanced geopolitical risks with upcoming earnings from Nvidia and a key inflation report. Dow down 0.03%, S&P 0.14%, Nasdaq 0.44%.
S&P 500 tests key support ahead of PCE data, Nvidia earnings, Jackson Hole
The S&P 500 is testing a critical support zone between 7,540 and 7,620 as investors await U.S. inflation data, Nvidia's earnings, and the Federal Reserve's Jackson Hole symposium.
Brazil’s central bank weighs steps to curb household debt surge
Central bank chief Gabriel Galipolo flags rising non-mortgage debt and delinquencies as policymakers consider macroprudential tools. Measures under review aim to balance credit access with borrower discipline.
Truflation sees July core PCE at 0.2%, rules out Fed hikes in 2025
Forecasts steady headline and core PCE inflation for July while dismissing near-term interest rate increases. Retail sales fall as consumer caution grows.
GBP/USD holds near 2024 highs ahead of Jackson Hole, Iran sanctions
Sterling remains supported by dollar weakness and UK data strength, but geopolitical risks and upcoming Fed signals could shift the near-term outlook.
German GDP, business confidence beat forecasts in Q2
German GDP grew 0.3% in Q2, while the Ifo business climate index rose to 88.8 in August, both exceeding expectations. The economy has expanded for three straight quarters.
Hungary sets 7.5% budget deficit target amid drought and energy crisis
Finance Ministry cites inherited fiscal challenges and crises as it targets a wider deficit, with debt projected to rise to 77.5% of GDP in 2024.
Mexico inflation quickens to 3.26% in early August
Consumer prices rose 0.10% in the first half of August, while core inflation climbed to 3.93% year-over-year. Bank of Mexico's target remains 3% ±1 percentage point.
Truflation forecasts July core PCE at 0.2% MoM, Fed seen on hold through 2026
U.S. core inflation expected to rise 0.2% month-over-month in July, while Truflation projects the Federal Reserve will forgo rate hikes for the remainder of the year amid mixed economic signals.
Eurozone PMI, inflation data support ECB rate hike bet
Eurozone business activity expanded in August, while inflation rose to 2.9% y/y, reinforcing expectations for a September ECB rate hike. Barclays expects a 25 bps increase.
Gold tests $4,655 resistance as dollar, yields weigh on outlook
Metal climbs for third straight week but faces technical hurdles above $4,655 and $4,800. Dollar softness and debt concerns underpin gains despite rising Treasury yields.
Trump approval hits record low as U.S. backing for Iran war declines: poll
Approval of Donald Trump's presidency drops to 33%, the lowest in the Reuters/Ipsos series, while support for military action against Iran falls to 31% amid rising gasoline prices and prolonged conflict concerns.
UK household energy debt hits £6 billion as price cap set to rise 4%
Outstanding energy bills surge to £6 billion, with regulator Ofgem poised to lift the price cap to a three-year high. Unpaid debt adds £50 annually to household bills.
Brazil’s banks urge fiscal discipline as public debt nears 82% of GDP
Major Brazilian lenders warn of unsustainable debt trajectory amid rising deficits and call for structural reforms ahead of elections.
ECB's Cipollone sees low risk of stagflation from Strait of Hormuz crisis
European Central Bank policymaker Piero Cipollone says macroeconomic changes warrant monitoring but sees no immediate signs of stagflation despite geopolitical tensions in the Strait of Hormuz.
Germany's social spending hits record as aging population drives costs
Social budget surged 11.5% between 2019-2025, with over 70% of outlays tied to elderly care and illness. Ifo Institute warns demographic trends will keep pressure on public finances.
U.S. 30-year Treasury yield draws investor scrutiny amid global bond rout
Long-end U.S. yields remain a focal point as global peers hit multi-decade highs. Analysts warn against excessive pessimism despite rising fiscal concerns.
Bitcoin reclaims 50-week EMA as August rally extends to nine-year high
BTC/USD closed above its 50-week EMA for the first time since November 2025, capping a five-day rally that pushed prices to $79,550. Fed chair Warsh’s Jackson Hole remarks and U.S. PCE data loom as key catalysts.
Moody’s lifts Pakistan’s sovereign ratings to B3 from Caa1
Upgrade reflects improving external buffers and fiscal metrics amid macroeconomic stabilization, though debt affordability remains a key constraint.
Gold surges to 14-month high on dollar weakness, Bessent remarks
The yellow metal hit its highest level since June 2023 after a sharp drop in the U.S. dollar, with support from a Treasury debt buyback announcement. Analysts warn the rally may be overextended.
Bond yields rise ahead of Warsh’s Jackson Hole debut
Federal Reserve Chair Kevin Warsh faces pressure to address surging Treasury yields and inflation expectations at this week’s annual symposium.
DAX holds above 26,000 as investors await Nvidia and Fed cues
German blue-chip index steadies near 26,134 points after Friday’s rebound, but faces resistance toward record highs amid key macro and earnings events this week. Semiconductor and auto shares lag while materials gain.
Eurozone PMI rises as inflation pressures ECB rate path
Euro area business activity improved in August, but rising energy costs and sticky core inflation may limit the ECB's scope for further tightening beyond September.
EUR/USD hits 1.1700, highest since May, as dollar weakens
Euro gains ground on improving eurozone data and US Treasury bond buyback expansion, while technical levels suggest limited upside ahead of key US economic releases this week.
UK growth outlook steady despite inflation uptick, Barclays says
Flash PMI data signals resilient activity in August, but inflation pressures and fiscal slippage weigh on outlook. Barclays lifts 2027 inflation forecast.
Dollar’s fate tied to U.S. long bond as Iran sanctions, Fed weigh on greenback
The greenback’s traditional safe-haven bid is clouded by rising fiscal risks and potential oil supply shocks, with traders eyeing the 30-year Treasury yield as the decisive driver this week.
UK growth holds despite inflation pressures, Barclays says
Composite PMI rises to 52.5 in August as services lead; Barclays lifts 2027 inflation forecast to 2.5%.
Jackson Hole looms as U.S. Treasury, Fed policy shift into focus
Fed Chair Warsh’s Jackson Hole speech and Treasury’s expanded bond buyback program frame a pivotal week for U.S. policy and markets. The dollar weakens as yields face pressure.
German DAX slips as investors await Nvidia results, Fed signals
The German blue-chip index fell 0.26% in early trade, testing support above 26,000 as chipmakers and automakers lagged. Markets brace for Nvidia earnings and Jackson Hole policy signals.
Six EU countries push for September talks on taxing oil firms' windfall profits
Germany, Spain, Italy and three others urge EU finance ministers to address surging energy costs with a targeted windfall tax framework ahead of September meeting in Dublin.
Poland retail sales rise 3.9% y/y in July, miss forecasts
July’s 3.9% year-on-year gain undershoots the 4.5% consensus as growth slows from June’s 6.2%. Fuel sales fell 0.2% y/y, while electronics and pharmaceuticals led gains.
DAX seen lower as investors eye Nvidia earnings, Iran sanctions and Jackson Hole
German blue-chip index expected to slip 0.2% at open as geopolitical risks and key U.S. events weigh on sentiment. Support at 26,000 and 21-day line in focus.
Singapore core inflation slows to 2.0% in July, below forecasts
Consumer prices excluding housing and transport rose 2.0% year-on-year, undershooting market expectations as GDP growth accelerated to 5.9% in Q2.
Fed’s Kashkari says rising Treasury yields not a policy concern
Minneapolis Fed President Neel Kashkari dismisses rising U.S. Treasury yields as a factor in monetary policy decisions, citing adequate market liquidity. Comments follow July dissent on rates amid persistent inflation concerns.
Turkey’s central bank to restart one-week repo auctions
The Turkish central bank will resume weekly repo operations at its 37% policy rate, ending a suspension tied to inflation risks from regional conflict. Governor Fatih Karahan said conditions had improved.
U.S. jobless claims fall to 206,000, below forecasts
Initial claims dipped to 206,000 last week, while continuing claims rose to 1.799 million. The data suggests a stable labor market despite July's unexpected payroll decline.
Japan factory activity accelerates in August as chip, AI demand fuels orders
Japan’s manufacturing PMI rose to 55.1 in August, the fastest expansion in over eight years, driven by semiconductor and AI-related orders. Services and composite PMIs also strengthened, while cost pressures eased slightly.
Japan's core CPI rises to 1.8% in July, still below BOJ target
Japan's core consumer prices rose for a third straight month in July, though inflation remains below the Bank of Japan's 2% target, reinforcing expectations for a rate hike by September.
UK retail sales fall 0.5% in July as June surge unwinds
July decline follows June’s boost, with core sales down 0.9% and clothing volumes dropping 2.7%. Analysts cite demand pull-forward and weather effects.
U.S. Treasury buybacks fail to curb global bond selloff as yields near multidecade highs
Treasury’s $4 billion buyback program provides only temporary relief as 30-year yields approach 19-year peaks amid fiscal deficits and hawkish central bank signals.
Dollar hits 3-month low as yen steadies after intervention; Treasury steps in on bonds
The U.S. currency fell to its weakest since May as Treasury intervened in long-dated debt markets, while the yen stabilized after Tokyo’s prior intervention. Regional currencies diverged amid oil price surges and divergent growth outlooks.
U.S. services sector drives faster business activity, S&P Global PMI shows
U.S. services PMI rose to 56.8 in August, the highest since December 2024, while the composite index hit 56.0, the strongest since April 2022. Manufacturing PMI fell to a five-month low of 53.2.
U.S. services activity accelerates to 20-month high in August: S&P Global
Services PMI rose to 56.8, the fastest since late 2024, while manufacturing slowed to 53.2. Composite index climbed to 56.0, signaling broad-based expansion ahead of the third quarter.
UK private sector growth accelerates in August as services rebound
Composite PMI rises to 52.5, marking second straight month of expansion, while services sector jobs decline continues for 23rd month.
Japan's core inflation accelerates to 1.8% in July, BOJ seen hiking rates
Underlying price pressures rose for a second month as yen weakness and Middle East tensions lifted energy costs. The Bank of Japan is expected to raise rates in September.
Eurozone business activity growth hits highest since November as PMI rises
Eurozone composite PMI rose to 52.1 in August, exceeding expectations and marking the strongest expansion since November 2025. Manufacturing led gains while services held steady, with hiring resuming after three years.
Euro zone wage growth slows in Q2, ECB data shows
Negotiated wages rose 2.44% in the three months to June, down from 2.56% in Q1, according to European Central Bank figures released Friday.
Eurozone consumer inflation expectations fall for third month in July: ECB survey
Median inflation projections for the next 12 months declined to 2.9% from 3.0%, while three-year outlook eased to 2.7%. Five-year expectations remained unchanged at 2.4%.
Bitcoin’s institutional adoption reshapes price dynamics amid macro headwinds
ETF inflows validate structural adoption, but inconsistent flows and rising Treasury yields cap upside despite halving expectations.
30-year Treasury yield tops 5.33%, outpacing dividend stocks by 2.2 points
The gap between the 30-year Treasury yield and dividend stock yields has widened to 2.2 percentage points, the widest since 2007. History suggests divergent paths ahead for bonds and equities.
Swiss housing prices set to rise further; buyers face affordability squeeze
Rising real estate values and low mortgage costs are supporting Swiss home prices, but structural supply constraints and tax changes are reshaping affordability and investment decisions.
U.S. economic data due Monday: Chicago Fed index, Treasury bill auctions
Chicago Fed activity gauge and $50 billion in 3- and 6-month Treasury bill sales headline Monday’s U.S. data slate. Previous readings show modest contraction and steady yields.
Euro zone bond yields steady as U.S. yields climb after volatile week
German 10-year bund yield holds near 15-year high at 3.2572% as U.S. 2-year yield rises 9 bps. U.S. Treasury intervention offers temporary relief amid global bond market turbulence.
Eurozone consumer confidence improves unexpectedly in August
Eurozone consumer sentiment rose 0.4 points to -15.5 in August, defying forecasts for a slight decline to -16.0, as EU data shows gradual recovery from March-April lows.
Euro zone consumer confidence rises to -15.5 in August: EC
Consumer morale improved slightly in August, exceeding expectations despite ongoing economic uncertainty. The flash estimate from the European Commission shows a marginal uptick from July's reading.
Canada retail sales drop 0.8% in July after six-month rise
July decline ends streak of six consecutive monthly gains as gasoline prices ease and core retail sales moderate. Total sales dip to $73.7 billion.
U.S. services PMI hits 20-month high as economy accelerates to 3% growth pace
S&P Global’s August survey shows the fastest services expansion since late 2024, while manufacturing activity slows to a five-month low amid supply disruptions tied to regional conflict.
SNB’s Tschudin says negative rates remain an option in Switzerland
Swiss National Bank director Petra Tschudin cites anchored inflation expectations and a stable CPI basket as key factors behind record-low inflation. The central bank retains all policy tools, including sub-zero rates, to meet its 0-2% inflation target.
U.S. 30-year Treasury yield hits 15-year high as bond selloff deepens
Yields surge past 5.3% amid rising debt costs and geopolitical risks; Treasury to expand buyback operations to $4 billion per auction.
U.S. national debt surpasses $40 trillion for first time
Total public debt reaches $40.047 trillion as borrowing accelerates under Trump and Biden administrations amid rising deficits and Treasury bond yields.
Investors Rethink Portfolios as Inflation Fears Drive Shift to Alternatives
Traditional 60/40 allocations struggle as inflation erodes returns; advisors favor short-duration bonds, commodities and real assets to hedge purchasing power.
Euro zone consumer inflation expectations ease in July survey
Median perceived inflation over the past year fell to 3.5% while one-year-ahead expectations dipped to 2.9%. Income growth expectations also softened as spending growth outlook remained steady.
Global economic calendar for Aug 21, 2026: PMI, retail sales and business surveys
Key economic releases include S&P Global PMIs for the euro zone, U.S. and U.K., plus German retail sales and French business sentiment. Borussia Dortmund reports preliminary FY25/26 figures.
Bank of Korea signals cautious approach to upcoming policy decisions
Senior Deputy Governor Kwon Min-soo emphasizes flexible, careful monetary policy amid inflation pressures and won strength. Next decision due August 27.
Fed’s stock valuation model regains relevance as Treasury yields rise
Yardeni Research’s model, comparing S&P 500 earnings yield to 10-year Treasury yield, signals equities may be fairly valued after years of disconnect. Model’s historical accuracy improves as QT unwinds bond-market distortions.
Banco de Bogotá posts double-digit ROE in Q2 2026 despite macro headwinds
Colombia’s largest bank reported COP 390 billion net income for Q2 2026, driven by higher loan yields and NIM expansion, while full-year ROE guidance was trimmed to 7%-8% due to integration costs from the Itaú acquisition.
IMF’s Tenreyro warns AI-driven productivity may not ease inflation
Research suggests early AI investments could fuel demand-driven inflation before productivity gains materialize, complicating central bank policy.
Philadelphia Fed Manufacturing Index jumps to 47.4 in August, far above forecast
U.S. factory activity growth surged in August, with the Philadelphia Fed’s gauge rising to 47.4 from 41.4 the prior month, handily beating expectations of 24.1. The rebound signals resilient manufacturing momentum amid broader economic expansion.
U.S. jobless claims drop to 206,000, beating forecasts
Initial unemployment filings fell below expectations for a second straight week, signaling steady labor market conditions despite recent volatility.
Walmart beats earnings despite U.S. sales miss on high fuel costs
U.S. retail giant misses Wall Street sales estimates as gasoline prices curb consumer spending, but raises full-year outlook on e-commerce growth. Adjusted EPS target raised to $2.80-$2.87.
UK services PMI rises to six-month high in August, composite index beats forecasts
S&P Global’s flash PMI data show the UK services sector expanded at the fastest pace since February, while manufacturing cooled to a five-month low. Composite reading signals 0.3% quarterly GDP growth.
Argentina’s economic activity rises 2.7% in June, outpacing forecasts
June’s 2.7% year-on-year expansion exceeded market expectations of 1.9%, reversing May’s 0.4% gain as Latin America’s third-largest economy shows tentative recovery signs.
Argentina’s June economic activity rises 2.7%, outpacing forecasts
Latin America’s third-largest economy expanded 2.7% year-on-year in June, exceeding the 1.9% consensus and reversing May’s 0.4% gain, official data shows.
Walmart shares slump 9.8% after weak Q3 outlook, tariff windfall fades
Retail giant’s stock drops to its lowest since early 2025 after missing U.S. comp sales and cutting Q3 profit guidance, despite beating earnings estimates. Analysts debate valuation amid mixed signals.
Swiss gasoline prices rise above 2 francs per liter for first time since 2022
Average price for 95-octane gasoline reaches 2.02 francs per liter, driven by Middle East tensions, reduced refinery capacity and Rhine transport disruptions. Diesel climbs to 2.27 francs.
Brazil to keep fiscal framework if Lula wins second term
Finance Minister Dario Durigan says spending controls and revenue recovery will continue under current framework if President Lula da Silva secures reelection in October. Central bank holds rates at 14%.
Brazil to maintain fiscal framework under Lula’s new term, finance minister says
Finance Minister Dario Durigan reaffirms commitment to spending restraint and the fiscal framework, citing a 2% of GDP fiscal effort. Congress discussions target 10 billion reais in 2027 cuts.
U.S. national debt tops $40 trillion as servicing costs near $1.4 trillion
Crossing the $40 trillion mark, the U.S. faces rising debt servicing expenses and elevated Treasury yields, with projections pointing to $50 trillion by 2029. Market intervention has done little to curb structural pressures.
GBP/USD rallies as dollar weakens on Fed rate expectations
Sterling gains 0.26% after breaking above 1.36, as U.S. data fuels bets the Federal Reserve will hold rates in September. UK inflation and pay growth fail to bolster pound amid neutral domestic backdrop.
Bank of America warns of market fallout if U.S. bond plan fails
BofA strategist Hartnett sees dollar weakness and increased short bets on risk assets if 30-year Treasury yields stay above 5%. S&P 500 drops 1.9% amid bond-market volatility.
U.S. debt tops $40 trillion as markets eye trade talks, Fed signals
U.S. debt exceeds $40 trillion for the first time, while energy prices surge amid Middle East tensions. Trade deal deadline with Canada delayed to Saturday, as markets await Fed commentary and corporate earnings.
UK factory orders hit highest since Nov 2024 in August CBI survey
Manufacturing activity gauge rose to -25 from -45 in July, the sharpest improvement in over five years. Export orders turned positive for first time since mid-2022.
UK retail sales dip 0.5% in July despite World Cup and hot weather boost
Non-food sales declined as promotions shifted to June, offsetting gains in alcoholic drinks and beverages amid heatwave and sporting events. Consumer confidence rose to a two-year high despite inflation pressures.
Senate Democrats demand answers from USDA over data errors, staff cuts
Six Senate Democrats, led by Amy Klobuchar, question the USDA about revisions to beef export sales and corn acreage data, citing staff losses and potential market impacts.
U.S. Treasury's Bessent to outline Iran sanctions plan on Monday
Secretary Scott Bessent will detail planned measures against Iran and Treasury bond buybacks at a press conference. Bond yields surged before partially reversing after Wednesday's support announcement.
GBP/USD hits three-month high on UK data, dollar weakness
Sterling climbs to 1.3613 as UK inflation rises to 2.9% and labor data mixed; dollar softens on softer US expectations. Technical levels suggest near-term consolidation.
UK consumer confidence hits two-year high in August: GfK
GfK’s index rose to -14 from -17 in July, beating economist forecasts of -18. All but one sub-index improved, with major purchase sentiment at its highest since late 2021.
US-Anleihe-Rückkäufe bremsen Zinsanstieg, doch Schuldenängste bleiben
Die US-Regierung verdoppelt Rückkäufe langlaufender Anleihen auf mindestens vier Milliarden Dollar, um den Anstieg der Renditen zu dämpfen. Analysten erwarten jedoch nur eine vorübergehende Wirkung, da strukturelle Schuldenprobleme fortbestehen.
U.S. manufacturing, services PMI due Friday alongside rig count data
S&P Global’s August 22 releases will show whether the manufacturing and services sectors maintained growth momentum. Baker Hughes rig counts follow at noon ET.
U.S. debt tops $40 trillion as Fed minutes, Iran tensions lift markets
Fed minutes show dissent on rates as U.S. debt surpasses $40 trillion; Brent crude rises on geopolitical risks while Walmart's ad unit growth supports retail shares.
Sweden’s Riksbank holds key rate at 1.75%, flags possible hike
Central bank leaves benchmark rate unchanged but warns it may tighten policy before year-end if inflation pressures persist. Decision aligns with market expectations.
Poland's corporate wages rise 6.8% in July, outpace forecasts
Average corporate wages in Poland increased 6.8% year-on-year to 9,509.02 zlotys, exceeding expectations, while employment fell 0.8% amid mixed labor market signals.
Euro zone business activity growth accelerates to 10-month high in August
Composite PMI rises to 52.1, led by manufacturing rebound and export recovery. Services growth steady at 51.7 as inflation pressures ease.
U.S. debt surpasses $40 trillion amid debate over Bitcoin's role
Record federal borrowing fuels renewed discussion on Bitcoin as a potential hedge against currency debasement and rising long-term yields. Treasury buybacks provide temporary relief as crypto markets rally.
Eurozone PMI rises to nine-month high on manufacturing rebound
Flash eurozone composite PMI climbs to 52.1 in August, led by a 54-month high in manufacturing output, while services growth remains subdued. GDP seen expanding 0.3% in Q3.
US economic growth accelerates as services sector surges to 2022 high
Composite PMI rises 1.5 points to 56.0 in August, with services activity hitting the strongest level since late 2024, while manufacturing slows to a five-month low.
U.S. Manufacturing PMI drops to 53.2, undershooting forecasts
Factory activity expansion slows as ISM reading falls short of 54.0 estimate, signaling softer industrial momentum. Dollar sentiment turns cautious.
U.S. services PMI jumps to 56.8, far above forecasts
Markit’s latest survey shows the U.S. service sector expanded at the fastest pace since early 2024, outpacing expectations as business activity and demand strengthened.
SATS shares plunge 10.5% after Q2 profit misses expectations
Singapore’s SATS reported a 6% rise in net profit for Q2 but fell short of market forecasts as margins shrank amid higher costs. Shares slumped 10.5% to SGD 4.27.
Gold extends streak toward third weekly gain on safe-haven demand
Metal holds gains near $4,500/oz after U.S. Treasury debt buyback plan fuels yield and dollar drop; technical levels point to $4,660 if support holds.
U.S. Treasury doubles buyback operations as Fed policy focus shifts
Upsized Treasury buybacks for 10-30 year debt may test the Fed's dominance in shaping long-term borrowing costs amid inflation and fiscal pressures.
Fed minutes signal bias toward rate hike as Trump urges cut
Minutes from the July Federal Reserve meeting show growing support for higher rates amid persistent inflation, while President Trump reiterates calls for a reduction to ease U.S. debt costs.
U.S. Treasury doubles bond buyback program to $4 billion amid rising yields
Program expansion targets 10- to 30-year Treasuries as borrowing costs climb. Treasury Secretary Bessent signals potential further increases.
U.S. Treasury doubles buybacks as Bessent signals discomfort with yields
U.S. debt tops $40 trillion as Treasury expands buyback program to $4 billion per operation, while Japan and U.S. intervene in currency markets amid bond selloff concerns.
Global economic calendar: August 20, 2026 — earnings, inflation and central bank updates
AEGON, Alibaba and Walmart among companies reporting quarterly results; Germany releases producer prices and trade data alongside Sweden’s Riksbank rate decision.
Iran tensions lift European gas prices to five-month high
European gas futures rose 1.6% to €66.75/MWh amid stalled U.S.-Iran talks and slow storage refill ahead of winter. Storage levels at 61.82% signal limited time to rebuild inventories.
U.S. bond yields ease on Treasury buybacks but rebound quickly
Long-end Treasury yields slipped after the U.S. doubled buyback operations to $4 billion, yet 30-year yields remain near 19-year highs as debt costs remain elevated.
Germany’s August PMI shows manufacturing rebound, services slowdown
Flash PMI data points to a two-month low for the composite index at 51.0, with manufacturing output surging to a 51-month high of 54.1, while services activity contracted for a fifth straight month.
Eurozone PMIs due as EUR/USD tests key resistance after technical reversal
August flash PMI surveys will test whether July’s economic rebound has staying power, while the single currency faces resistance at a three-month high after a bearish candlestick pattern.
U.S. Treasury doubles buyback capacity amid dollar-debasement concerns
Expansion of long-dated bond purchases renews debate over fiscal sustainability and currency stability after yields hit multi-year highs.
Japan's core inflation steady at 1.8% in July, BOJ rate hike odds rise
Consumer prices rose 1.8% year-on-year, matching forecasts, while service inflation edged up.
Global bond yields surge to multi-decade highs on US turmoil
US long-term borrowing costs hit 2007 highs, dragging G7 yields higher amid Iran war, inflation fears and political uncertainty. Central bank responses remain uncertain.
Fed's Musalem signals data-dependent stance ahead of September meeting
St. Louis Fed President says September rate decision hinges on incoming data, with inflation still above target. Comments underscore cautious approach to policy amid mixed economic signals.
Mexico’s central bank holds rates at 6.5% amid inflation concerns
Banxico signals prolonged pause as services inflation remains sticky, while peso gains 6% in 2026.
U.S. Treasury doubles long-dated bond buybacks after yield surge
Long-dated U.S. Treasury yields fell 10 bps after the government doubled planned bond buybacks. Stocks rose, gold and bitcoin gained, while the dollar weakened sharply against the Swiss franc.
Fed minutes signal potential rate hikes if inflation persists
July FOMC minutes show most policymakers favored holding rates but saw upside inflation risks. Three dissenters pushed for a 25-basis-point hike as oil prices and geopolitics cloud the outlook.
Fed minutes show growing inflation worries at July meeting
Minutes from the July 28-29 Federal Reserve meeting reveal increased concerns over broad-based price pressures, with three policymakers dissenting in favor of a rate hike. The benchmark rate remained at 3.50%-3.75%.
U.S. Treasury yields surge in 2026 as bond ETFs face steep losses
Long-dated Treasury yields hit multi-year highs in August 2026 amid fiscal deterioration and inflation persistence, pressuring bond ETFs like TLT and AGG into deep oversold territory.
Latin America growth seen slowing to 2.2% in 2026: UN agency
ECLAC revises down 2026 GDP forecast to 2.2% from 2.3%, citing a more challenging global backdrop. Region expected to log five straight years of ~2.3% average expansion by 2027.
Dollar weakens as front-end rate cushion erodes amid Fed uncertainty
Softer U.S. data and reduced expectations for further Fed hikes weigh on the dollar, while rising term premiums and policy uncertainty drive long-end yields higher ahead of FOMC minutes.
Platinum surges 2.9% as Fed rate-cut bets rise, supply tightens
Precious metal jumps to $1,766.80 per ounce on weaker dollar and cooling U.S. inflation expectations. Fourth consecutive annual supply deficit forecast for 2026.
South Africa's July inflation slows to 4.3%, below forecasts
Consumer prices rose 4.3% year-on-year in July, easing from 5.0% in June and below the 4.5% estimate. Food inflation hit a 16-year low as fuel prices fell sharply.
FOMC minutes, Target and Analog Devices earnings in focus
U.S. stock futures edge higher ahead of Fed minutes while retailers and chipmakers report earnings. Oil prices rise on Iran tensions, tariffs on Canadian goods paused.
Japan's wholesale inflation spikes in July, raising rate‑hike odds
July wholesale price inflation in Japan surged, boosting expectations that the Bank of Japan may move toward a rate increase.
Egypt’s central bank leaves key rates at 19-20% as inflation cools
Monetary policy committee holds overnight deposit and lending rates steady amid easing price pressures. Decision follows July inflation slowdown to 33.6% year-on-year.
US weekly jobless claims fall to 206,000, below forecasts
Initial unemployment claims declined by 6,000 to 206,000 in the week ended Aug. 15, while continuing claims rose to 1.799 million. The labor market remains tight with the jobless rate at 4.1%.
Fed’s Daly says Treasury actions not yet a focus amid inflation mandate
San Francisco Fed President Mary Daly signals the central bank remains concentrated on its 2% inflation target, downplaying immediate impact of Treasury’s debt management steps.
Fed’s Daly says bond market reflects well-positioned policy stance
Federal Reserve Bank of San Francisco President Mary Daly cites Treasury market signals as evidence that current monetary policy is appropriately calibrated, while dismissing urgency for preemptive rate adjustments.
Canada industrial prices rise 0.6% in July on energy gains
Industrial producer prices increased for the first time in two months, led by energy and petroleum products, while core measures excluding energy softened. Annual gain remains elevated at 12.4%.
Pound steadies as UK inflation meets forecasts, BoE rate cut bets firm
Sterling holds near session highs after July CPI matched expectations, easing pressure on the Bank of England to maintain restrictive policy. Analysts see scope for easing next year.
Nigeria’s reforms averted economic collapse, finance minister says
Subsidy cuts and currency devaluation generated $11.7bn in savings while shrinking the official-parallel FX gap to under 5%.
European stocks flat as mining gains offset Middle East risks
STOXX 600 steadies near 652 as gold and mining shares climb, while tech stocks slip on bond sell-off. Fed minutes and UK inflation data awaited.
FTSE 100 edges higher as miners rebound despite UK inflation uptick
UK stocks rise 0.05% as precious-metals miners lead gains, while CPI accelerates to 2.9% in July and energy prices surge 14.7%. Brent crude and WTI slip as gold extends rally.
UK inflation rises to 2.9% in July, exceeding BoE target
Consumer prices climb 2.9% year-on-year, up from 2.6% in June, driven by housing and household services costs. Core inflation remains steady at 2.6%.
USD/KRW slips below 1400 as Korean won strengthens on growth
The Korean won has rallied sharply this quarter, with USD/KRW falling below 1400 as domestic growth and export strength outweigh portfolio outflows. FOMC minutes and energy prices remain key risks for broader FX markets.
Gold dips as yields surge, oil strengthens stagflation risks
Futures retreat after U.S. long-term yields hit multi-decade highs; Middle East tensions lift crude prices and inflation concerns. Fed minutes due Wednesday in focus.
Slovakia’s July inflation slows to 3.2% y/y from 3.5%
Slovak consumer prices rose 0.1% month-on-month in July, while annual inflation eased to 3.2% from 3.6% in June, defying expectations for a monthly decline.
ECB’s Rehn says wage growth stays moderate, inflation risks limited
Finland’s central bank chief cites anchored expectations as key to preventing second-round effects amid steady wage trends.
UK CPI accelerates to 2.9% on energy costs, matching forecasts
Headline inflation rose to a four-month high as Ofgem's energy price cap reset lifted household bills by £221. Analysts see limited second-round effects but warn of further upside.
UK inflation rises to 2.9% in July on higher gas costs; oil climbs after Iran ceasefire lapse
Consumer prices increased more than expected as gas bills surged 14.7%, while Brent crude approached $92 a barrel amid renewed Middle East supply risks. Bank of England policy outlook hinges on jobs data.
UK inflation rises to 2.9% in July, energy costs lift pace
Consumer prices increased as household energy bills surged following Ofgem’s 13% price cap hike. Economists had broadly anticipated the pickup.
RBI flags inflation risks, leaves door open to future rate hikes
India's central bank maintained its policy rate at 5.25% but warned that rising oil prices and broadening price pressures could require tighter policy. Policy stance remains neutral.
RBI signals potential rate hikes as inflation risks rise
Minutes from the August policy meeting show the Reserve Bank of India's rate panel remains watchful on inflation, with a hike possible later this year. Growth forecast lifted to 6.7%.
Global economic calendar for Aug 19, 2026: earnings, inflation and oil data
Carlsberg and Analog Devices to report quarterly results alongside UK and euro zone inflation data, producer prices and the latest EIA oil inventory report.
Swiss polls show strong rejection of neutrality and food supply initiatives
Leewas survey finds 62% oppose neutrality initiative and 65% reject food supply proposal ahead of Sept. 27 vote. SVP remains sole major party backing neutrality plan.
RBA signals potential rate hike as inflation risks rise
Reserve Bank of Australia holds rates steady but warns of further tightening if upside inflation risks materialize, citing Middle East tensions and AI-driven demand.
Japan bond yields surge toward 3% amid fiscal and inflation concerns
Benchmark 10-year JGB yield hits 2.945%, nearing a 30-year high as debt levels and inflation pressures weigh on markets. Analysts warn of further upside risk.
Breville shares drop 4.2% on margin pressure, tariff warnings
Breville Group’s stock fell after reporting a 1.2% rise in EBIT and a 6.7% sales increase, though gross margins compressed to 36% amid cost pressures and tariff risks.
Dollar steadies near multi-month lows as yields ease ahead of Fed minutes
U.S. currency hovers near two-month lows as Treasury yields retreat; investors await FOMC meeting minutes for policy signals amid softer economic data.
Bolivia’s Congress censures economy minister, threatens reform agenda
Lower house votes to remove Jose Gabriel Espinoza after failure to appear before lawmakers; President Paz’s government calls vote unconstitutional and plans legal challenge.
U.S. Treasury yields surge to two-decade high amid rising borrowing costs
A sell-off in long-dated U.S. government bonds pushes the 30-year yield to its highest level since 2007, driven by heavy issuance, economic resilience, and inflation risks. The move raises borrowing costs for consumers, companies, and the federal government.
Raymond James flags broad-based earnings growth across U.S. market caps
Analysts see S&P 500 EPS rising over 25% in 2026, with small and mid-caps expected to post 14-20% gains. Materials remains the outlier as revisions turn negative.
U.S. tech stocks fall as yields, oil prices rise; Nvidia, Micron lead losses
Nasdaq 100 drops 1.6% as long-term bond yields hit multi-year highs and oil prices climb amid Middle East tensions. Semiconductor index leads declines.
South Africa’s June retail sales rise 1.6% y/y, slow from May
Annual retail sales growth slowed to 1.6% in June from 2.2% in May, while seasonally adjusted sales fell 0.6% month-on-month. Data released by Statistics South Africa showed sales measured at constant prices.
Germany's borrowing costs surge to 15-year high amid defense spending surge
German 10-year and 30-year bond yields hit multi-decade peaks as geopolitical tensions and fiscal pressures drive borrowing costs higher. U.S. and Japanese yields also climb to multi-year highs.
Hyundai Motor India to lift prices up to 1% in September 2026
Passenger vehicle prices to rise across the lineup as input costs climb. Move follows similar hikes by peers amid macro and geopolitical pressures.
Euro zone bond yields hit multi-year highs as oil surge fuels inflation fears
German 10-year yield climbs to 3.255%, highest since 2011, as France’s 10-year rises to 4.118% amid oil price surge and global bond selloff.
Euro Stoxx 50 falls 0.95% as tech rout weighs on Eurozone stocks
Eurozone equities declined Tuesday amid rising oil prices, inflation concerns and bond market pressure. Swiss and UK benchmarks diverged with modest gains.
South African rand steadies as Middle East tensions weigh on gold
The rand held near 16.23 per dollar as U.S.–Iran tensions lifted energy costs and pressured gold, a key South African export. July inflation data due Wednesday expected to show a slowdown.
Boston Fed study finds productivity offset tariff inflation effects
Research from the Boston Fed indicates higher productivity reduced the inflationary impact of recent tariffs.
Fed research finds productivity gains limited tariff inflation
A Federal Reserve study examines the impact of tariffs on inflation amid productivity constraints.
Yardeni sees no cause for panic as U.S. yields climb toward 5%
Veteran strategist Edward Yardeni argues rising U.S. Treasury yields remain within a normal range, though he warns of potential pressure from 'Bond Vigilantes' amid fiscal concerns and oil price risks.
Global bond yields hit multi-decade highs on debt, inflation pressures
Long-term government bond yields in the U.S., Germany, France, Canada and Japan have surged to levels not seen since the 2000s, driven by rising debt loads and competing corporate borrowing.
South Africa’s July inflation slows to 4.3%, SARB target still in sight
Annual inflation eased to 4.3% in July, below forecasts, but remains just above the central bank’s 3%-4% target range. Policy outlook hinges on temporary factors.
US Treasury yields rise as Iran tensions fuel bond selloff
Benchmark 10-year yield approaches two-year high amid geopolitical risk and global debt market rout. Industrial output growth slows to 0.2% in July.
U.S. industrial output growth slows to 0.2% in August, below forecast
Factory, mining and utility output rose 0.2% last month, missing expectations for 0.3% and matching July's pace. Analysts cite persistent supply chain pressures and uneven demand.
US import prices fall 0.4% in July, easing inflation pressure
Crude oil costs drove the unexpected decline, while economists had projected a modest rise. Fed rate-cut expectations gain traction ahead of September meeting.
ECB’s Lane warns 3% euro zone inflation still exceeds target
European Central Bank Chief Economist Philip Lane signals policy caution as inflation remains one percentage point above the 2% target.
Global fund managers overweight equities at highest since 2021, BofA survey shows
Cash allocations fell to 3.5% as 56% of surveyed managers increased equity exposure, while semiconductor stocks remained the most crowded trade despite a decline in popularity.
Floating-rate bond ETFs outperform as yields rise in 2026
Top-performing bond ETFs in 2026 focus on floating-rate and ultra-short strategies, avoiding duration risk amid rising Treasury yields. Key picks include USFR, JAAA and JPST.
Global bond yields hit multi-decade highs as US-Iran ceasefire collapses
US, UK, Germany, France and Japan see borrowing costs surge after failed negotiations and renewed geopolitical tensions. Investors brace for prolonged inflation pressures.
Gold tests $4,435 ceiling as Fed repricing loses steam
Precious metal faces stiff resistance at two-month highs after two consecutive rejections at $4,435-$4,450. Recovery rally driven by shifting Fed rate expectations now risks stalling.
German Investor Morale Beats Expectations in August, ZEW Survey Shows
Economic sentiment in Germany improved more than anticipated in August, according to the latest ZEW economic research institute survey.
German Investor Sentiment Exceeds Forecasts in August
Economic sentiment among investors in Germany improved more than anticipated in August, according to survey data.
Bank of England Expected to Hold Rates for Remainder of Year, Reuters Poll Shows
A recent Reuters poll indicates the Bank of England is likely to maintain interest rates through the rest of the year despite ongoing inflation risks.
FX Outlook Focuses on Energy Markets and Long-Term Bonds
Currency markets look to developments in global energy pricing and long-dated bond yields as primary drivers for near-term foreign exchange direction.
Bond Markets Sell Off Globally on Inflation and Fiscal Concerns
Global bond markets experienced a broad sell-off spanning from the United States to Japan as persistent inflation and fiscal concerns weighed on investor sentiment.
UK Grocery Inflation Slows to 2.1% in Early August
UK grocery price growth decelerated to 2.1% at the beginning of August, according to market data.
USD/CAD Traders Weigh Canadian Inflation Data Against U.S. Tariff Risks
Foreign exchange markets navigate opposing pressures on the Canadian dollar as domestic consumer price index data meets geopolitical trade concerns.
Oil Surges Above $90 as Middle East Ceasefire Ends, UK Wage Growth Softens
Brent crude climbed past $91 a barrel amid renewed supply concerns, while UK labor data showed easing private-sector wage growth and declining employment.
UK Wage Growth Steady at 3.5% Amid Labor Market Slowdown
British wage growth held steady at 3.5%, reflecting a broader cooling in the nation's labor market.
Economists See No Near-Term US Rate Hikes Amid Cooling Labor Market
Economists expect the Federal Reserve to hold off on interest rate hikes following negative US labor market data and a slight easing of inflation.
Australia consumer sentiment improves in August as rates held
Westpac index rises for second straight month as Reserve Bank pauses rate hikes; outlook remains cautious despite uptick.
UK wage growth slows to 3.5% in Q2, payroll data shows
Average weekly earnings rose 3.5% year-on-year in June, down from 3.6% in May, as labor market tightness eases slightly.
U.S. Treasury yields steady ahead of Fed minutes release
Benchmark 10-year note yield holds near recent levels as market awaits Federal Reserve policy meeting minutes for further rate guidance.
U.S. home builder sentiment edges up in August
NAHB index rises to 44 in August from 43 in July, signaling modest improvement in housing market confidence.
Canadian dollar strengthens after inflation beats forecasts
Headline inflation in Canada rose 3.4% year-on-year in December, exceeding economist expectations and supporting the loonie's advance.
Banks settle Mexican bond rigging case for $86.4 million
Major banks agree to pay $86.4 million to resolve allegations of manipulating Mexican government bond prices in U.S. courts.
Zambia’s Hichilema re-elected amid cost-of-living pressures
President Hakainde Hichilema secured a second term despite voter concerns over rising living costs and economic strain.
Japan’s 10-year government bond yield hits 30-year high
Benchmark yield climbs to 0.955%, highest since 1994, as investors reassess policy outlook amid persistent inflation.
Gold holds steady as investors await Fed minutes
Precious metal consolidates ahead of U.S. central bank policy signals due Wednesday. Focus shifts to tone on inflation and rate path.
July U.S. retail sales miss signals caution, not crisis
Weak July retail data may reflect seasonal factors rather than a broader demand slowdown, analysts say.
Indian bond yields rise after RBI shortens swap deadline
Yields on Indian government bonds climbed after the Reserve Bank of India reduced the deadline for its government securities acquisition program swap.
EUR/USD rises as Fed rate hike odds fade, ECB tightening bets firm
Dollar weakens after softer U.S. data reduces expectations for another Federal Reserve rate hike, while the euro gains on European Central Bank tightening bets.
Gold steadies as Fed rate-cut bets rise, real yields weigh
Gold prices held firm as softer U.S. inflation data boosted expectations for Federal Reserve rate cuts, though elevated real yields capped gains.
Brazil’s IGP-10 inflation index declines 0.51% in August
Wholesale price gauge posts first monthly drop since March, signaling easing cost pressures ahead of central bank policy decisions.
Fed seen holding rates steady in 2024, Reuters poll finds
Majority of economists expect no change to U.S. benchmark rate this year despite inflation fluctuations.
EUR/USD hits eight-week high; focus shifts to U.S. data
Euro strengthens to highest level since late March as markets await U.S. inflation and jobs data for next Fed move. Dollar faces pressure ahead of key releases.
FTSE 100 rises as soft U.S. retail data eases Fed rate hike bets
UK benchmark advances as weaker-than-expected U.S. retail sales data reduces expectations of aggressive Federal Reserve tightening.
Bitcoin Slips Toward August Lows as Market Eyes Weekly Close
Bitcoin retreated toward $62,500, decoupling from positive U.S. inflation trends and climbing equity markets.
US Retail Sales Drop for First Time in Nine Months
United States retail sales registered a decline for the first time in nine months, according to economic data.
Five Key Factors to Watch in Global Markets This Week
Investors prepare for a busy week ahead as markets monitor critical economic indicators, policy updates, and corporate developments.
Japan consumer spending slows; stocks with high exposure fall
Retail and consumer staples firms face pressure as household expenditure growth cools to a 13-month low, with automakers and luxury goods makers most at risk.
Asia FX advances as Fed hike bets ease; yen rises despite weak GDP
Most regional currencies gained on Wednesday after softer U.S. inflation data reduced expectations for Federal Reserve rate hikes. The yen bucked the trend, climbing despite Japan's contracting GDP.
Morgan Stanley expects Fed to hold rates steady through 2024
U.S. inflation cooling supports a prolonged pause in monetary tightening, according to the bank's latest assessment.
Canada wholesale trade jumps 2.8% in June to highest since April 2024
Monthly increase led by motor vehicle and machinery sectors, signaling resilient domestic demand amid inflationary pressures.
Citi expects Fed to hold rates steady in September after inflation data
Analysts at Citi cite recent inflation readings as key factor in likely policy pause next month.
S&P 500 hits record 7,799 as inflation cools
U.S. benchmark index reaches all-time high amid softer inflation data, though investor sentiment remains guarded.
Bitcoin slides after U.S. inflation data fails to boost crypto
Spot bitcoin ETFs post first two-day outflow since late July as BTC reverses gains; altcoins remain rangebound.
Cooler U.S. inflation may force divided Fed to hold rates steady
Warsh's Fed faces pressure to pause hikes as softer CPI data challenges rate-hike consensus amid mixed signals on policy path.
Global markets brace for rising inflation pressures
Central banks face renewed scrutiny as price pressures intensify across major economies, with key data points due this week.
Eurozone GDP grows 0.4% in Q2, Eurostat estimates
Second-quarter expansion slightly exceeds expectations as domestic demand and services sector lead growth. Full data due August 14.
I-RES H1 2026 profit rises on stronger rent growth
Half-year net income increases as property rental income benefits from improved occupancy and pricing. Company reports $120 million profit, up 8% YoY.
Philippine central bank expects gradual inflation easing, warns of upside risks
Monetary Board projects slower price growth in coming months but flags risks from supply shocks and external factors. Inflation seen trending toward 2-4% target range.
Japan’s GDP growth misses forecasts in Q2
Quarterly expansion slows to 0.2% as private consumption and capex underperform, missing analyst expectations.
European debt markets weigh disinflation, Gulf energy risks
Debt desks assess easing price pressures and Middle East supply threats as eurozone borrowing costs remain sensitive to energy and inflation shifts.
European stocks post first weekly loss in five weeks on oil surge
Brent crude jumps 3% as Middle East tensions escalate; European equity benchmarks fall 0.4% for the week amid mixed data.
France's July inflation climbs 2.4% year-on-year
Consumer prices in France rose 2.4% in July from a year earlier, slightly above market expectations, official data shows.
U.S. 30-year bond yields hit 25-year high as inflation concerns weigh
Long-term borrowing costs surge to levels last seen in 2001 amid persistent inflation uncertainty and elevated government debt supply. Treasury auctions remain well-covered despite rising yields.
Asia FX firms as softer U.S. PPI tempers Fed rate hike bets
Dollar slips after producer price data misses forecasts, lifting regional currencies as traders pare expectations for aggressive Federal Reserve tightening.
Asian stocks on track for best week since June on softer U.S. inflation
Tech-heavy indexes lead gains after U.S. CPI data fuels bets on earlier Fed rate cuts. MSCI Asia ex-Japan up 2.3% this week.
Japan’s July core inflation forecast at 1.8% on energy costs
Economists project Japan’s core consumer prices rose 1.8% year-on-year in July, driven by elevated energy costs despite softer demand.
Wall Street futures steady after S&P 500 hits record on soft PPI
U.S. equity index futures held near flat after the S&P 500 advanced to a new high, as softer-than-expected producer prices eased inflation concerns.
Fed's Goolsbee calls latest inflation data 'better'
Chicago Fed President Goolsbee signals cautious optimism after recent inflation figures, but stresses need for sustained progress.
New Zealand manufacturing growth slows in July as costs weigh
Business conditions in New Zealand's manufacturing sector expanded at a slower pace in July, with rising input costs cited as a key constraint.
EUR/USD rises as Fed rate hike bets fade on softer U.S. data
Dollar weakens after U.S. economic reports reduce bets on a Federal Reserve rate increase, lifting the euro against the greenback.
Bond yields dip as hiking pressure eases
Benchmark U.S. Treasury yields fall as investors reassess the Federal Reserve's tightening path. 10-year yield drops below 4.5% amid softer inflation signals.
Fitch affirms U.S. credit rating at 'AA+'; outlook stable
Ratings agency Fitch maintains the United States' top-tier sovereign credit rating, citing fiscal strengths despite rising debt levels. Outlook remains stable.
Canadian bond yields dip as U.S. inflation cools
Yields on Canadian government bonds fell after softer-than-expected U.S. inflation data reduced bets on aggressive Federal Reserve tightening.
Argentina's July inflation climbs to 2.1% month-on-month
Consumer prices rose 2.1% in July, up from June's 2.0%, as food and energy costs continued to pressure households.
U.S. retail sales data due Friday after mixed inflation signals
Economists expect modest gains in retail sales and core sales for June, following recent mixed signals on inflation and consumer spending trends.
Bank of England economist flags growth as justification for rate hikes
Monetary policy committee member cites robust economic expansion as key factor supporting further tightening amid inflation concerns.
Peru’s central bank holds rates steady, sees no need for hikes
The Peruvian central bank maintained its benchmark rate at 6.25% as inflation remains within target and growth outlook stabilizes.
Fed's Barkin: Rate hike still possible to meet inflation target
Richmond Fed President Thomas Barkin says the need for further rate hikes remains an 'open question' as policymakers assess inflation progress.
Richmond Fed's Barkin sees 3.7% PCE inflation as 'sticky'
Fed policymaker warns inflation remains elevated despite recent progress, leaving September rate decision uncertain.
U.S. producer prices flat in July, matching forecasts
Wholesale inflation held steady last month as energy and food costs balanced out, keeping pressure on the Federal Reserve's rate-cut deliberations.
US jobless claims rise modestly, labor market remains stable
Weekly unemployment filings increased slightly, signaling steady labor demand despite economic uncertainty.
Morgan Stanley: Disinflation trend intact but 2027 rate risks linger
Firm flags progress on inflation but warns upside risks to terminal policy rate by 2027 amid persistent wage and services pressures.
Serbia’s central bank keeps benchmark rate at 5.75%
The National Bank of Serbia maintained its key policy rate unchanged for a sixth consecutive meeting as inflation pressures eased further.
U.S. PPI flat, misses expectations in latest data
Producer prices unchanged in May as forecasted growth fails to materialize, signaling persistent disinflationary pressures.
Bitcoin holds near $64K as stocks rise on softer US producer prices
Bitcoin traded near $64,000 following a decline in US producer prices, while equities also advanced. The data supports expectations of moderating inflation pressures.
Poland to reduce fuel VAT, cap prices from Aug. 17
Government to lower VAT on gasoline and diesel while imposing temporary price ceilings to ease consumer costs amid inflation pressures.
TSX futures advance ahead of U.S. inflation data
Canadian benchmark futures climb 0.4% as investors await fresh U.S. consumer price figures that may shape near-term policy expectations.
Global markets find brief relief after recent volatility
Equity and commodity markets stabilize as investors digest central bank signals and economic data. Dollar firms ahead of U.S. inflation report.
Pound weakens as dollar recovers after U.S. CPI data
Sterling declines as the greenback regains ground following firmer-than-expected U.S. inflation readings, weighing on GBP/USD.
Norway’s central bank holds key rate at 4.25%, flags further hikes
Norges Bank kept its policy rate unchanged but warned inflation remains elevated, leaving the door open for additional tightening in coming months.
ECB poised for final rate hike in September, Reuters poll shows
European Central Bank expected to raise rates next month, capping its shortest tightening cycle since 2011 amid inflation concerns.
FX markets eye muted August CPI data amid steady dollar
Investors await U.S. consumer inflation figures for August, with forecasts pointing to stable core CPI at 3.2% YoY and headline at 3.1%.
European Bonds Hold Steady Following U.S. Inflation Data
European sovereign debt showed little movement as market participants assessed a mixed regional data slate alongside in-line U.S. inflation figures.
Bitcoin Trades Below $64,000 Following In-Line U.S. CPI Data
Cryptocurrency prices showed limited movement as the latest U.S. inflation data matched market expectations.
European Equities Rise After On-Target U.S. CPI Softens Fed Rate Outlook
European stock markets advanced following U.S. consumer price data that matched expectations, reducing market expectations for further Federal Reserve rate hikes.
Spain's July Inflation Accelerates to 3.9%, Exceeding Forecasts
Spain's annual inflation rate climbed to 3.9% in July, surpassing analyst expectations for the month.
Examining the Factors Behind Stable UK Food Inflation Rates
An analysis into why consumer food prices in the United Kingdom have avoided the sharp surges seen in other economic sectors.
US Dollar Holds Steady as Markets Trim Federal Reserve Rate Hike Bets Following Inflation Data
The US dollar traded in a narrow range after benign domestic inflation data led investors to pare expectations for further Federal Reserve interest rate hikes.
Bitcoin Slips Near $63,500 Following In-Line Inflation Data
Bitcoin eased toward $63,500 as an in-line inflation print removed immediate tail risks but failed to spark a rally, shifting focus to upcoming Fed catalysts.
Gold Holds Near $4,400 Following CPI-Driven Rally
Gold prices remained stable near $4,400 per ounce following a rally driven by recent consumer price index data.
Asian Equities Advance Following US Inflation Report
Asian stock markets rose after recent US inflation data reduced expectations of an upcoming Federal Reserve interest rate hike in September.
U.S. Stock Futures Hold Steady Following CPI and Tech Earnings
U.S. stock futures remained little changed as markets digested in-line consumer price data alongside strong corporate earnings from the technology sector.
Brazil Advances Spending Curbs Bill in Congress Amid Mounting Debt Concerns
Brazilian authorities are pressing forward with legislative spending curbs as fiscal pressures and public debt concerns escalate.
Canadian Bond Yields Ease Following U.S. Inflation Data
Canadian government bond yields declined as fresh U.S. inflation figures influenced expectations for Federal Reserve policy.
U.S. budget deficit hits $1.8 trillion in first 10 months of fiscal 2024
Deficit widens as spending outpaces revenue, driven by interest costs and defense allocations. Fiscal year ends Sept. 30.
U.S. budget deficit widens beyond forecasts in latest data
Shortfall exceeds projections as spending outpaces revenue, raising fiscal concerns amid economic uncertainty.
U.S. PPI and jobless claims data due Thursday
Producer prices and unemployment filings set to provide fresh signals on inflation and labor market trends.
U.S. budget deficit widens to $432 billion in July
Federal outlays rose while tariff revenues remained negative, pushing the monthly deficit above prior-year levels.
Brazil services sector activity steady in June, PMI shows
Brazil's services sector activity remained flat in June, matching May's level and surpassing analyst expectations, according to the latest PMI survey.
Euro zone bond yields fall as U.S. inflation cools in July
German 10-year Bund yield drops to two-week low as softer U.S. CPI data fuels bets on global rate cuts.
US Treasuries rise as July inflation aligns with forecasts
Benchmark 10-year Treasury yields fall after consumer prices rise in line with projections, easing pressure on the Fed to maintain restrictive policy.
Bitcoin holds near $63K as traders eye Fed pause odds after CPI
Bitcoin consolidated around $63,000 after U.S. CPI matched forecasts, lifting September Fed rate pause odds to 60% amid caution over support levels.
Analysts parse muted market reaction to July U.S. CPI
Economists and strategists broadly view July's in-line consumer inflation data as validating the Federal Reserve's cautious policy stance, with limited near-term impact on rate-cut expectations.
Sri Lanka central bank rules out further rate hikes, stays alert
Governor signals policy pause after recent tightening, warns of vigilance amid lingering inflation risks.
UK to overhaul labour market survey in November 2027
Government announces plans to replace the Labour Force Survey with a new data collection method, citing accuracy concerns and rising costs.
S&P 500, Nasdaq rise after inflation data, strong earnings
U.S. equities advanced as softer-than-expected inflation data and upbeat corporate earnings outweighed growth concerns. The Dow Jones Industrial Average lagged.
U.S. stocks, dollar steady after July CPI matches forecasts
July consumer inflation rose 3.2% year-over-year, in line with estimates, as energy prices fell and shelter costs moderated. Benchmark equities and the dollar held gains after the data.
Euro zone bond yields dip after softer U.S. inflation data
German 10-year Bund yields fell below 2.5% as cooler-than-expected U.S. CPI reading boosted demand for core euro zone debt.
Traders bet Fed will hold rates steady in September after inflation data
Market expectations remain anchored on a Federal Reserve pause next month as inflation trends align with prior forecasts, limiting scope for policy shifts.
FTSE 100 slips ahead of U.S. inflation data; Balfour Beatty hits record
London's benchmark index edges lower as investors await U.S. CPI data. Construction firm Balfour Beatty surges to a new high on strong order intake.
CPI data tests yen’s recovery against USD/JPY
U.S. consumer inflation figures released Friday tested the yen’s recent gains, with USD/JPY volatility reflecting shifting bets on Federal Reserve policy and Bank of Japan outlooks.
Four major FX pairs align, inflation data eyed
Rare simultaneous strength in EUR/USD, GBP/USD, USD/JPY and USD/CHF shifts focus to upcoming inflation releases for policy cues.
Citi expects Bank of Korea to raise rates amid inflation pressures
Analysts at Citi project a rate hike by the Bank of Korea as consumer prices remain elevated, with risks tilted toward tighter policy.
Italy’s consumer prices fall in July, annual inflation eases
Italy’s consumer price index declined 0.2% month-on-month in July, while annual inflation slowed to 0.8% from 0.9% in June, data from Italy’s statistics agency showed.
Anadolu Efes shares fall as beer demand slows in key markets
Turkish brewer Anadolu Efes's stock slid on concerns over weakening beer consumption in its core European and Russian markets.
U.S. CPI, CoreWeave revenue surge drive market focus
Investors await U.S. consumer inflation data while AI server provider CoreWeave reports strong revenue growth, shaping market sentiment.
Pound steadies as dollar holds ahead of U.S. CPI data
Sterling remains flat against the dollar as investors await U.S. consumer inflation figures that may influence Federal Reserve policy. The pound trades near recent highs.
Dollar weakens as traders eye Fed policy shift
U.S. currency retreats after softer-than-expected jobs data fuels bets on Federal Reserve rate cuts. Focus shifts to upcoming inflation and jobs reports.
German yields near one-week highs as oil surges for sixth day
German government bond yields edge toward one-week peaks amid rising oil prices, with U.S. CPI data looming as the next key market catalyst.
European stocks slip as oil rally and U.S. inflation weigh
Europe’s benchmark index falls after six straight days of oil gains and ahead of U.S. inflation data that may delay rate cuts.
European stocks flat as investors await U.S. inflation data
Benchmark indexes in Europe held steady Friday, with traders cautious ahead of key U.S. consumer price figures due later in the session.
Bitcoin steadies near $64,000 ahead of U.S. inflation data
Bitcoin consolidates gains as traders await key CPI data; Harmony exploit weighs on altcoins amid broader market calm.
Gold rally faces reversal test ahead of U.S. CPI data
Precious metal prices consolidate gains as investors await key inflation report that could signal Federal Reserve policy direction.
Gold prices swayed by Middle East tensions and U.S. CPI
Geopolitical risks in the Strait of Hormuz and upcoming U.S. inflation data will drive gold's near-term direction, analysts say.
Bitcoin holds near $63,000 as Iran tensions ease; CPI looms
Bitcoin traded sideways around $63,000 as geopolitical risks from Iran receded. Investors await U.S. CPI data for direction amid broader market caution.
U.S. CPI rises 0.1% in line with forecasts, inflation steady
Consumer prices increased by 0.1% month-on-month in June, matching analyst expectations and reinforcing expectations for the Federal Reserve to hold rates.
U.S. inflation cools to 3.4% in July, below forecasts
Consumer prices rose 3.4% year-on-year, marking the smallest increase since February 2021 and easing pressure on the Federal Reserve.
US CPI data looms as Fed rate decision nears
Consumer prices report may determine whether the Federal Reserve delivers a rate hike next month. Economists expect modest inflation cooling.
Romania's inflation slows to 8.16% in July, above expectations
Consumer prices rose 8.16% year-on-year, down from 9.06% in June but exceeding forecasts. Core inflation also moderated to 10.3%.
Bitcoin, ether hold steady ahead of U.S. CPI data release
Traders are positioning cautiously as the digital-asset market awaits the U.S. consumer inflation report, which could influence Federal Reserve policy.
Global markets brace for U.S. CPI as geopolitical risks simmer
Geopolitical tensions and hotspots intensify ahead of key U.S. inflation data, with investors monitoring energy markets and central bank signals.
Boston Fed’s Collins signals openness to September rate hike
Federal Reserve policymaker says September rate increase remains on the table as inflation pressures persist.
US CPI seen rising modestly in July as gasoline prices fall
Consumer prices likely increased 0.2% month-on-month, with lower gasoline costs offsetting gains in food and shelter. Core CPI expected to rise 0.2% as well.
Asian stocks rise as South Korea's Kospi surges; CPI, geopolitics cap gains
Regional equities advanced Friday as South Korea's Kospi led gains, while inflation and Middle East tensions capped broader market advances.
Asia FX, dollar steady ahead of U.S. CPI; oil rises on Hormuz tensions
Most Asian currencies held near flat against the dollar as traders awaited U.S. CPI data, while Brent crude climbed on heightened tensions in the Strait of Hormuz.
Gold steadies as investors reassess rate outlook
Precious metal consolidates near $2,300 after recent gains as traders weigh Federal Reserve policy path and U.S. economic data.
Swiss National Bank holds rates steady as inflation cools
The SNB maintained its policy rate at 1.25% on Thursday, citing stable inflation and economic resilience. No further guidance on future moves was provided.
Swiss National Bank releases Q1 2025 Quarterly Bulletin
The SNB’s first quarterly report of 2025 outlines monetary policy stance, inflation outlook, and economic assessments for Switzerland.
Swiss National Bank holds rates steady after September review
The SNB left its key policy rate unchanged at 1.25% as inflation remains within target range, citing stable economic conditions.
SNB Quarterly Bulletin Highlights Policy Stance and Economic Outlook
Swiss National Bank’s third-quarter report underscores inflation risks, policy guidance, and global economic pressures. Key projections and policy signals detailed.
SNB Sept 2025 policy review flags cautious stance on inflation
Swiss National Bank’s September 2025 monetary policy assessment highlights persistent inflation risks and a cautious approach to policy adjustments.
Swiss National Bank holds rates steady in December review
The SNB maintained its key policy rate at 1.25% as inflation remains within target, citing stable growth and cautious global conditions.
Swiss National Bank Publishes Q4 2025 Quarterly Bulletin
The SNB's latest Quarterly Bulletin assesses Swiss economic conditions, inflation trends, and monetary policy outlook for Q4 2025.
Swiss National Bank Releases Q1 2026 Quarterly Bulletin
The SNB's first quarterly report of 2026 outlines monetary policy stance, economic outlook, and financial stability assessments for Switzerland.
SNB Quarterly Bulletin Highlights Economic Outlook and Policy Stance
Swiss National Bank’s Q2 2026 bulletin assesses inflation risks, growth projections, and monetary policy considerations amid global uncertainty.
Wall Street futures steady ahead of U.S. CPI data, Hormuz tensions rise
U.S. stock futures held firm as investors awaited key inflation data, while geopolitical risks in the Strait of Hormuz added pressure to oil prices.
Gold nears $4,400 as Middle East tensions, CPI data loom
Safe-haven demand lifts gold prices toward record highs amid geopolitical risks and anticipation of U.S. inflation data that may shape Fed policy.
Dollar steady ahead of key U.S. inflation report
Greenback holds near two-week lows as traders await CPI data that could shape Federal Reserve policy expectations.
Bitcoin holds steady as ETF inflows balance outflows ahead of U.S. CPI
Bitcoin’s low-volatility stretch persists as ETF demand offsets selling pressure. Analysts say Wednesday’s U.S. inflation data could break the impasse.
Markets drift as Middle East tensions ease into 'peace fog'
Risk assets pare gains as geopolitical uncertainty wanes, leaving investors cautious ahead of key U.S. data releases.
US Treasury yields seen falling as strategists' conviction weakens
Analysts expect Treasury yields to decline amid shifting macro expectations, though confidence in the outlook has softened.
Wall Street futures rise ahead of U.S. inflation data
S&P 500 and Nasdaq futures edge higher as investors await July CPI report for clues on Federal Reserve policy.
Truflation data chief outlines inflation outlook for coming months
Alternative inflation tracker's head of data projects near-term price pressures amid shifting economic conditions.
Fed's Goolsbee says inflation remains top concern
Chicago Fed President Austan Goolsbee reiterates inflation as the primary economic challenge amid mixed signals on price pressures.
India's net direct tax revenue rises 23% to 8.1 trillion rupees
Fiscal receipts exceed expectations as corporate and income tax collections drive growth in the world's fifth-largest economy.
Bitcoin falls to one-week low ahead of U.S. CPI data
Gold prices rise to nine-week highs as retail investors increase ETF holdings, while Bitcoin declines ahead of key inflation data.
Atlanta Fed’s Venable says inflation too high, easing hinges on Middle East
Federal Reserve policymaker cites persistent price pressures and geopolitical risks as key factors in inflation outlook.
U.S. Treasuries rise as Iran deal reports lift demand
Yields on benchmark 10-year notes fall to session lows amid speculation of easing geopolitical tensions in the Middle East.
U.S. household debt declines $13 billion in Q2
Federal Reserve data shows the first quarterly drop in household debt since 2021, led by declines in credit card and auto loan balances.
Atlanta Fed's Venable: U.S. inflation remains too high
Federal Reserve official cites persistent price pressures despite recent cooling in consumer inflation data.
U.S. consumer prices rise 0.2% in July as forecast
Annual inflation holds steady at 3.2% as shelter and food costs offset declines in energy prices.
Coca-Cola İçecek Q2 2026 margin gains driven by international sales
Turkish bottler reports improved profitability in Q2 2026 as international demand offsets regional pressures. Slides highlight volume growth and cost efficiencies.
U.S. existing home sales rise, top forecasts in latest data
Sales of previously owned homes increased 0.8% month-over-month in June, exceeding economist estimates and signaling tentative stabilization in the housing market.
TSX futures rise ahead of U.S. inflation report
Canadian stock index futures edge higher as investors await key U.S. consumer price data that may influence Federal Reserve policy.
US stock futures slip after July inflation data
Dow and S&P 500 futures trimmed gains following softer-than-expected consumer price report for July.
Why the Euro’s Next Move Hinges on US Inflation, Not ECB Whispers
The euro-dollar pair is approaching the 1.1680 ceiling, but the real driver will be Thursday’s US CPI — a softer print may reportedly give the euro a lift, while a hotter one may reportedly keep it pinned down.
Sri Lanka central bank sees no need for further rate hikes this year
Governor signals policy pause after recent tightening cycle amid improving inflation outlook.
Brazil’s central bank warns tight policy will slow growth
Monetary policy tightening seen weighing on domestic demand and investment, according to the bank’s latest assessment.
Brazil inflation rises 0.07% in July, outpacing forecasts
Consumer prices increased modestly, defying expectations for a flat reading as food and transport costs offset declines in fuel. Annual inflation remains below the central bank's target.
Brazil signals policy tightening to persist after rate cut
Central bank hints at prolonged restrictive stance despite 50-basis-point reduction in benchmark rate.
Bitcoin and stocks face pressure as safe assets lure capital
Historical parallels from the 1960s–90s suggest rising demand for safe assets could weigh on risk assets like bitcoin and equities. Analysts warn of potential capital reallocation.
Pound slips as dollar steadies ahead of U.S. CPI data
Sterling weakens against a firmer dollar as investors await key U.S. inflation figures that may influence Federal Reserve policy.
Bitcoin holds below $65,000 as oil spike saps risk appetite
Crypto and equities remain rangebound as geopolitical tensions in the Strait of Hormuz lift crude prices, undermining broader risk sentiment ahead of U.S. CPI data.
U.S. CPI data may fuel dovish Fed expectations
Wednesday's inflation print could shift market bets on Federal Reserve policy, with softer-than-expected data potentially accelerating rate-cut timelines.
U.S. CPI slows to 3.4% as expected, Treasury yields fall
Headline and core inflation matched forecasts, while Bitcoin remained near $64,000. Treasury yields declined following the data release.
U.S. CPI data may ease Fed urgency for September rate hike
Soft inflation print could temper central bank’s hawkish stance, reducing pressure for a September rate increase.
Spain sells €2.07 bln in T-bills at Tuesday auction
Demand remains robust as Spain issues €2.07 billion in short-term debt, with yields largely stable amid broader euro zone borrowing conditions.
Oil Prices Rise and Gold Hits Two-Month High Following New Iran Demands
Crude prices advanced and gold reached a two-month peak after US demands for compensation complicated the standoff with Tehran and the Strait of Hormuz remained closed.
Asia FX, Dollar Muted Ahead of U.S. CPI Data as RBA Holds Rates
Asian currencies and the U.S. dollar traded in narrow ranges as investors awaited key inflation data, while the Reserve Bank of Australia kept interest rates steady.
Reserve Bank of Australia Holds Interest Rates at 4.35%
The RBA kept its cash rate unchanged while warning that further monetary tightening remains possible due to persistent inflation pressures.
XRP Futures Open Interest Reaches Highest Level Since October Ahead of CPI Data
XRP derivatives positioning climbs to October highs as markets prepare for the upcoming U.S. Consumer Price Index release.
ECB Releases Consumer Expectations Survey Results for June 2026
The European Central Bank has published the findings from its consumer expectations survey for June 2026.
ECB Releases Third-Quarter 2026 Survey of Professional Forecasters
The European Central Bank publishes the findings from its latest Survey of Professional Forecasters covering the third quarter of 2026.
US Dollar Trades Mixed Ahead of Key July Inflation Data
The US dollar displayed mixed performance across major currency pairs as markets awaited the release of July consumer price index data.
Norway's Core Inflation Holds Steady at 2.7% in July
Norway's core consumer price inflation remained unchanged at 2.7% in July, according to official economic data.
Eurozone Investor Morale Returns to Positive Territory in August
Investor confidence in the eurozone rebounded into positive territory in August, according to survey data.
UK consumer spending rose during World Cup in July: data
Spending on food and in pubs increased in July, likely driven by World Cup matches and warm weather, according to preliminary data.
U.S. CPI report due Wednesday: Key data points to watch
Consumer prices data for July is set for release on Wednesday, with markets focused on core inflation, shelter costs and wage-price dynamics. Analysts expect a modest slowdown.
Energy prices seen easing in latest U.S. inflation report
Consumer inflation data due Friday expected to show a drop in energy costs amid easing geopolitical tensions. Oil and gas prices have fluctuated with Iran conflict developments.
Bitcoin Hits August High as Markets Await US Inflation Data
Bitcoin reached a new monthly high ahead of the weekly close as investors shift focus to upcoming US inflation reports.
U.S. CPI Inflation and Corporate Earnings Highlight Crypto Week Ahead
Markets look ahead to upcoming U.S. consumer price index data and reports from firms including Securitize and Gemini for the week starting August 10.
Bitcoin Crosses $65,000 as Markets Await US Inflation Data
Bitcoin, ether and BNB each rose nearly 3% on the week as global equities traded near record highs ahead of upcoming US inflation releases.
Investors Brace for Federal Reserve Rate Decision Amid Uncertainty
The central bank is widely expected to keep interest rates unchanged, though market participants remain alert to potential policy surprises.
Government Borrowing Costs Reach Two-Decade High Following Fed Decision
Treasury yields have surged to their highest level in twenty years, signaling investor skepticism over the Federal Reserve's inflation strategy.
Federal Reserve Policy Decision and Rate Outlook
An overview of the Federal Reserve's latest interest rate decision and its implications for financial markets.
US Labor Market Cools as Employers Pull Back on Hiring Amid Uncertainty
A brief spring employment surge has given way to summer stagnation as businesses hesitate to hire amid persistent price pressures.
GBP/USD Maintains Technical Advantage Over EUR/USD Ahead of CPI Data
Sterling retains a technical edge against the U.S. dollar compared to the euro as currency markets await key inflation figures.
EUR/USD Recovery Depends on US CPI and 1.1680 Resistance
The euro‑dollar pair’s short‑term upside is tied to the upcoming US consumer‑price index release and the technical ceiling at 1.1680.