Economy
United Russia on track for decisive win as Ukraine launches major Moscow drone attack
United Russia leads the September 21 State Duma election with 57.5% of votes counted, while Ukraine carried out its largest drone strike on the Moscow region on the final voting day.
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.
German Chancellor, Merz's Party Face Fallout After State Election Loss
Political repercussions are emerging after a defeat in German state elections, with economic stability concerns also being raised.
Euro Yields Hold Multi-Year Peaks as Crude Surges Ahead of Central Bank Decisions
German bunds stay near 13-year highs as Brent crude jumps to $112 a barrel on Middle East tensions, with Fed and ECB policymakers bracing for fresh inflationary pressure.
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.
SNB Faces Rising Risk of Earlier Rate Hike Amid Rising Swiss Inflation
UBS and other economists now assess a higher likelihood of the Swiss National Bank raising rates sooner than previously expected, driven by inflation pressures and geopolitical risks.
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.
Federal Reserve faces an upcoming interest rate decision and messaging challenge under Chairman Kevin Warsh
The Federal Reserve is preparing for an upcoming rate decision while confronting a messaging challenge under Chairman Kevin Warsh.
Putin's United Russia wins Russian parliamentary election with two-thirds majority
United Russia secures 57.9% of votes and over 300 Duma seats in election critics call a farce, giving Putin a mandate to continue the war in Ukraine.
Wall Street week shaped by Federal Reserve rate path, oil prices, and AI concerns
The upcoming week on Wall Street is set to be influenced by the Federal Reserve's interest-rate trajectory, oil price movements, and developments in artificial intelligence.
Daily International Economic & Financial Calendar: 21 September 2026
Key corporate and macro events include Unicredit EGM, Societe Generale capital markets day, Chicago Fed activity data, and Fed speaker Goolsbee.
Swiss Economic Calendar: SNB Policy Update, Federal Votes, Roche Pharma Day This Week
The Swiss National Bank will release its balance of payments and monetary policy assessment this week, alongside federal votes on Sep 27 and earnings from firms including Hilti, Hilti and Roche.
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.
US stock futures inch up ahead of expected Fed rate hike
Dow, S&P 500 and Nasdaq futures rose modestly as traders priced in a 25‑basis‑point Fed increase to 3.75‑4% on Wednesday, the first hike since 2023.
Euro zone bond yields hold near multi-year peaks ahead of Fed rate decision
German Bund yields remain at their highest level since 2011, with short‑term Schatz rates near a three‑year high, as markets price a 92% chance of a 25‑basis‑point Federal Reserve hike. Brent crude stays above $113 a barrel, reinforcing inflation concerns that keep euro‑area debt yields elevated.
Euro Zone Yields Hold Near Multi-Year Peaks Ahead of Fed Decision
German bunds and schatz yields traded at levels unseen since 2011 and three years respectively as traders weighed a likely Fed rate hike and soaring Brent crude above $113.
Nomura forecasts two additional European Central Bank interest rate hikes for December and March
Nomura projects two further ECB rate hikes, one in December and another in March.
Upcoming US FOMC Meeting Prompts Market Views on Potential Rate Cuts and Target Ranges
Markets are watching an upcoming U.S. Federal Open Market Committee meeting for possible interest‑rate cuts and the associated target range.
Donald Trump says US should have world's lowest interest rate ahead of Fed meeting
Former President Donald Trump said the United States should hold the world's lowest interest rate as the Federal Reserve prepares for its next policy meeting.
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.
US trade deficit widens to $88.6 billion in July
The deficit expanded 24.4% from June to $88.6 bn, as imports rose 2.8% and exports fell 2.1%, with capital‑goods imports jumping 11.4% – the biggest rise since 1993.
Pakistan imposes market curfew and fuel austerity as protests cost Rs120bn daily
Pakistan is closing markets at 9pm and tightening fuel-austerity rules as Finance Minister flags protests and sit-ins are inflicting around Rs120bn in daily economic losses.
UK Inflation Accelerates to 3.1% in August on Fuel Price Surge
Headline inflation rose from 2.9% in July as motor fuel costs jumped 23%, pushing the rate to its highest since December 2025.
Missouri Redistricting Dispute Intensifies Ahead of US Midterms
Missouri's top court subpoenas local officials amid conflicting orders over a Trump-backed electoral map less than two months before the Nov. 3 midterms.
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.
