Economy
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.
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.
Goldman Sachs and Deutsche Bank Offer Credit Baskets on French Election Outcome
Banks are marketing AT1 bond baskets and total-return swaps tied to France's April presidential vote, as political risk and a budget deficit above 5% weigh on French credit spreads.
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.
Germany to Deploy Anti‑Sabotage Shield After Failed Drone Attack
Interior Minister Alexander Dobrindt announced a package of police, cyber and AI measures to protect airports, transport hubs and critical infrastructure from drone and sabotage threats.
Europe's sovereign yields diverge as France and Germany face higher deficits
Ten‑year bond yields in France and Germany are nearing 2007 highs, while Spain and Italy remain below 2023 peaks, reflecting differing fiscal outlooks across the euro area.
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.
Global bond rout pauses as European, Aussie yields retreat from peaks
German and Australian 10-year yields fall from multi-year highs after a week of aggressive selling, while U.S. labor data tempers rate-hike bets ahead of ECB meeting.
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.
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.
German economy seen on cusp of growth rebound through 2028
DIW and Bundesbank raise 2026 GDP forecasts to 1.2% and 1.0% respectively, citing stronger exports and reduced energy shock impact. Fragile recovery hinges on public spending as private investment lags.
Swiss banks face CHF 12-24 bln mortgage funding gap under Basel III
New Basel III rules could leave a CHF 12-24 billion annual financing shortfall for Swiss real estate and development projects, while owner-occupied housing benefits from lower capital requirements.
Six EU net contributors push for deep cuts to €2 trillion budget plan
Germany, Austria and four other net contributors demand reductions of several hundred billion euros to the EU's 2028-2034 budget, citing national consolidation needs and rejecting further joint borrowing.
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.
German inflation rises to 2.9% in August, nearing 3% mark
Consumer prices in Germany accelerated for a second straight month in August, driven by energy costs amid Middle East supply risks. Economists expect further upward pressure on core inflation.
German inflation rises to 2.9% on energy, low Rhine water
Consumer prices in Germany accelerated in August, driven by surging energy costs and disruptions to shipping on the Rhine due to drought. Core inflation held steady at 2.4%.
German bond yields hit multi-year highs after hawkish Fed signals
Eurozone sovereign debt selloff accelerates after U.S. Treasury yields surge on remarks by Federal Reserve Governor Kevin Warsh. ECB rate decision looms.
Euro yields rebound after Schnabel warns on inflation fight
German two-year Bund yield rises to two-week high as ECB policymaker signals further rate hikes may be needed. U.S. Treasury yields also climb ahead of Jackson Hole symposium.
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.
Swiss economic calendar: Aug 25–Sep 1, 2026
Half-year earnings reports from Swiss companies alongside key macroeconomic data releases and industry events next week.
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.
Erste Bank warns of widening corporate credit spreads amid ECB rate hike bets
Austrian lender Erste Group flags rising pressure on corporate credit spreads as energy costs and ECB rate expectations drive bond market volatility. Volkswagen’s stock slump highlights sector strain.
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.
UK proposes Bank of England mandate to support stablecoin innovation
HM Treasury plans to add a secondary objective for the BoE to foster digital payment innovation, including stablecoins, while maintaining financial stability as its primary goal. The proposal will be debated in Parliament next month.