Economy
Tesla’s China-made EV sales extend growth streak
Sales of China-made Tesla electric vehicles continue to rise, though the pace of growth has slowed.
Liz Truss warns UK bond rout may force spending cuts
Former UK Prime Minister Liz Truss cautions that a bond market selloff could lead to emergency fiscal adjustments.
ECB September rate hike odds rise after July minutes, ING says
ING cites stronger-than-expected eurozone data and July meeting minutes as evidence mounting for a September rate increase by the European Central Bank.
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.
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.
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.
Canadian bond yields steady as global rates swing
Canada's government debt yields held firm while U.S. Treasuries gyrated on auctions and inflation data. No domestic catalysts drove movement.
Brazil adds 58,568 jobs in July, misses forecasts
Net job creation fell short of expectations as labor market growth slowed to the weakest pace in 2026. Year-to-date hiring also declined 21% from 2025 levels.
Brazil central bank sells $2 bln in spot and swap auctions
Central Bank of Brazil conducts simultaneous $1 billion spot sale and $1 billion reverse currency swap auction to provide dollar liquidity.
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.
Global bond selloff deepens as yields hit multi-decade highs
Rising inflation bets, soaring debt loads and central bank hawkishness have driven global bond yields to levels not seen in decades, with Japan's 10-year yield at 3% for the first time since 1996.
US Treasury Secretary urges G20 to prioritize growth over debt reduction
Scott Bessent tells G20 financial leaders in Asheville that economic expansion is the primary solution to global debt burdens amid post-crisis and pandemic-era obligations.
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.
Brazil's industrial confidence posts steepest monthly drop in a year
August reading falls 3.5 points to 93.7, driven by weaker demand and rising inventories; current conditions index hits lowest since December 2025.
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.
Chicago PMI drops to 47.1, signaling manufacturing contraction
Chicago Purchasing Managers' Index falls sharply to 47.1 in August, well below forecasts of 57.8 and prior month's 57.6, indicating a downturn in regional manufacturing activity.
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.
Morning Bid: Who will police the bond vigilantes?
Markets await clarity on oversight of investor-driven bond market pressures.
Chicago Fed chief says no conflict with Treasury on debt policy
Austan Goolsbee says Treasury’s debt actions align with broader U.S. economic goals and won’t clash with Fed policy decisions.
Brazil adds 58,568 formal jobs in July, below expectations
Net job creation fell short of forecasts as 2.26 million hires offset 2.20 million dismissals. Caged data released by the Labor Ministry showed weaker-than-anticipated labor market momentum.
U.S. Treasury Secretary urges G20 to prioritize growth over debt reduction
Scott Bessent tells finance leaders that economic expansion is the primary solution to unsustainable global debt levels, citing post-crisis and pandemic-era borrowing. G20 meeting in Asheville, North Carolina, begins Monday.
Canada's GDP growth accelerates to 3.3% annualized rate
Quarterly expansion of 0.3% outpaces major European economies and Japan, with current account swinging to an $8.8 billion surplus.