Economy
ECB advances digital euro, tokenised wholesale money at Fondazione ResPublica address
The European Central Bank outlined its digital payments roadmap, with the digital euro pilot set for late 2027 and potential issuance in 2029, alongside new wholesale infrastructure called Pontes and Appia.
Moulin Warns ECB Cannot Guarantee France’s Sovereign Debt Stability
France’s Bank of France Governor Emmanuel Moulin dismissed reliance on the ECB to address rising borrowing costs, stressing fiscal discipline must remain national responsibility.
10-year Treasury yield hits 5.23%, highest since 2007
The benchmark 10-year Treasury yield rose to 5.23% on Friday, its highest level since 2007, as sticky inflation expectations and a surge in bond issuance push yields higher.
Singapore inflation rises to 2.3% YoY amid energy, transport and AI-driven demand pressures
Consumer prices climbed in August as energy costs, transport surges and AI-driven demand contributed to a 0.6% month-on-month increase, with core inflation at 2.2%.
SNB Chief Backs Stricter Capital Rules for UBS
Swiss National Bank President Martin Schlegel supports the government's proposal for 100 percent equity coverage of UBS foreign subsidiaries, dismissing the bank CEO's criticism of authorities' handling of the Credit Suisse crisis.
Global markets dip ahead of Trump-Xi summit amid inflation and geopolitical risks
U.S. stocks and bond yields surged on concerns over inflation and trade tensions as President Trump hosted Chinese President Xi for a high-stakes summit.
ECB Sees Limited Wage Pressures Amid Energy-Driven Inflation
European Central Bank chief economist Philip Lane says wage growth remains moderate despite surging energy costs, limiting inflation risks.
Eurozone business lending drops sharply amid ECB rate hikes
Corporate credit availability fell by half in August as higher borrowing costs weigh on business financing.
Global Bond Sell-Off Pushes UK Gilt Yields Toward 19-Year High Before Budget
A sell-off in government bonds has driven 10-year UK gilt yields to 5.38%, eroding much of the fiscal headroom Chancellor John Healey faces ahead of next month’s budget.
SNB Holds Rates at Zero as Rate-Hike Speculation Stirs
The Swiss National Bank kept its key rate at 0.00% and upgraded its inflation outlook, though economists are divided on when — or if — a rate hike will follow.
Xi Says U.S.-China Can Overcome the 'Thucydides Trap'
President Xi Jinping told Donald Trump at the White House that the feared conflict between a rising and established power is avoidable, signaling a shift from his earlier rhetoric.
U.S. and China Reach Preliminary Trade Agreement on Select Goods, Details Due Monday
USTR Jamieson Greer said the two sides have agreed on terms for U.S. agricultural products, medical devices and non‑sensitive Chinese consumer goods, with further specifics slated for release Monday.
Russia Says It 'Truly' Appreciates G20 Invite But Hasn't Decided on Putin's Attendance
Moscow welcomed Washington's invitation for Putin to attend a G20 summit in Miami this December, drawing sharp criticism from European leaders who called the move a dangerous normalization of aggression.
US stock futures slip as yields rise, oil jumps on Middle East tensions
S&P 500, Nasdaq-100 and Dow futures fell modestly while the 10‑year Treasury yield topped 5.2% and crude oil rose over 3% after a Houthi missile attack on Saudi facilities.
U.S. 10-Year Yield Climbs for Sixth Week as Bond Rout Deepens
The benchmark 10-year Treasury nears 5.23%, a level not seen since 2007, while the 30-year breaches 5.50%—the highest since 2004—sparking concern across equity and fixed-income markets.
ECB's Vujcic Warns Diesel Prices Could Lift Broader Eurozone Inflation
ECB Vice President Boris Vujcic cautioned that persistently high energy costs may dampen growth, tempering market expectations for aggressive rate hikes.
EU holiday package prices rise 3.2% in August, airfares slip 0.4%
Eurostat data show EU package holiday costs matched the bloc's 3.2% inflation rate in August 2026, while passenger air transport prices fell 0.4% year‑on‑year.
Hungary may cut rates this year if euro plan progresses, deputy governor says
The National Bank of Hungary left its rate steady at 5.5% and cut its inflation target to 2.5%. Deputy Governor Zoltan Kurali said another easing remains possible by year-end if fiscal clarity arrives and euro adoption advances.
FedWatch tool shows 56% chance of September 2026 rate hike
Market pricing shifts after Fed Chair Warsh’s Jackson Hole speech raise odds of a 25-basis-point hike to nearly 56% at the September 16 FOMC meeting.
Anleger auf Wachstumskrisen und Zinserhöhungen fokussiert
Geopolitische Spannungen und Anleiherenditen dominieren die Börsenwoche – Brent-Olpreis bleibt stabil, SMI überquert 14'000 Punkte nur kurzzeitig
US Proposes Trilateral Ukraine-Russia Peace Talks in UAE
Zelenskyy confirms Washington floated a meeting in the Emirates to discuss ending the war; Kremlin says talks have begun but offers no details on timing.
Morgan Stanley Upgrades BoE Hike Expectations to Two 25-BP Cuts Amid Fiscal Tightening
Analysts at Morgan Stanley revised their forecast for the Bank of England to two quarterly rate hikes—both 25 basis points—following a fiscal backdrop that limits monetary policy flexibility.
Euro Zone Business Lending Growth Eases to 4.2% in August
ECB data shows corporate credit expansion slows from mid-2023 highs while household lending remains steady at 3.1%.
U.S. 10-year yield hits 6-week high, bond rout continues
The 10-year U.S. Treasury yield reached 5.225%, its highest level since July 2007, as the bond rout deepens. The 30-year yield also hit a 22-year high.
Eurozone M3 money supply growth accelerates to 3.5% in August
Economic expansion pressures persist as broad money supply M3 rises fastest since May 2025, while credit trends diverge between households and non-financial firms.
