Economy
ECB’s Cipollone urges integrated European tokenised finance market
ECB executive outlines progress on digital-asset ecosystem, warns fragmentation risks could undermine euro’s global role.
Trump explores Fed reshuffle as Cook case stalls policy influence
White House seeks alternatives to replace Fed Governor Lisa Cook as legal and political hurdles stall removal efforts. Regional bank vacancies and vice chair decisions add to the reshuffle calculus.
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.
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.
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 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.
Chinese workers in EU see Brussels as tensions rise
Workers in China express growing support for EU institutions amid escalating trade disputes.
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.
Swiss analyst confidence rises for second straight month: UBS CFA survey
The UBS CFA Indicator climbed 2.1 points to +12.1 in August, marking the second consecutive positive reading since geopolitical tensions flared. Analysts remain split on Swiss growth, while SNB rate expectations stay anchored near zero through mid-2027.
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.
U.S. housing, confidence data due Tuesday as markets eye Fed outlook
Building permits and new home sales forecasts point to a modest rebound in construction, while consumer confidence is expected to slip slightly. Richmond Fed’s Barkin also scheduled to speak.
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.
Swiss industry warns U.S. tariffs could erode export competitiveness
Swiss manufacturers face rising costs and shrinking margins as a 12.5% U.S. tariff gap widens against EU competitors. Survey shows 42% of firms passing costs to clients, while 5.3% decline in U.S.-bound exports deepens concerns.
Trump Threatens Higher Tariffs on Canadian Exports After Talks Fail
Renewed threats follow the collapse of trade negotiations between the U.S. and Canada.
ECB's Cipollone sees no eurozone stagflation despite Hormuz tensions
European Central Bank director Piero Cipollone says the eurozone economy remains resilient despite Iran-U.S. tensions disrupting a key oil transit route. Inflation projections align with ECB forecasts through 2028.
German finance minister ties bond yield surge to Iran conflict
Lars Klingbeil links Germany’s 30-year bond yield rise to geopolitical uncertainty from U.S.-Iran tensions. The yield hit 3.79%, the highest since 2011.
Diretora do FMI diz que economia global resistiu ao choque da guerra no Irã
A diretora-geral do Fundo Monetário Internacional avaliou a capacidade de resiliência da economia global diante do conflito no Irã.
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.
Moody’s affirms Philippines Baa2 rating on fiscal consolidation progress
Ratings agency maintains investment-grade rating with stable outlook as Manila narrows deficit and stabilizes debt burden despite near-term pressures.
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.
Jackson Hole preview: Rate hike bets to test gold, dollar and yields
Assets from gold to Treasuries are set to react as markets brace for Fed Chair Kevin Warsh’s speech and a key inflation report. Citi warns gold’s recent surge may be vulnerable to a hawkish surprise.
RBI buys $561 million in forex market in June amid rupee stabilization
Central bank purchases $30.89 billion and sells $30.33 billion in June, reversing prior months' net sales as inflows reach $73 billion. Rupee steadies after record low in May.