Economy
UK private sector growth accelerates in August as services rebound
Composite PMI rises to 52.5, marking second straight month of expansion, while services sector jobs decline continues for 23rd month.
Japan's core inflation accelerates to 1.8% in July, BOJ seen hiking rates
Underlying price pressures rose for a second month as yen weakness and Middle East tensions lifted energy costs. The Bank of Japan is expected to raise rates in September.
Eurozone business activity growth hits highest since November as PMI rises
Eurozone composite PMI rose to 52.1 in August, exceeding expectations and marking the strongest expansion since November 2025. Manufacturing led gains while services held steady, with hiring resuming after three years.
Japan PM links inflation, bond yields to economic growth
Prime Minister Sanae Takaichi says rising prices and bond yields reflect Japan’s expanding economy, while vowing to prioritize wage growth and fiscal stability.
Euro zone wage growth slows in Q2, ECB data shows
Negotiated wages rose 2.44% in the three months to June, down from 2.56% in Q1, according to European Central Bank figures released Friday.
Eurozone consumer inflation expectations fall for third month in July: ECB survey
Median inflation projections for the next 12 months declined to 2.9% from 3.0%, while three-year outlook eased to 2.7%. Five-year expectations remained unchanged at 2.4%.
Magnitude 5.8 earthquake strikes off Japan's Honshu coast
Quake occurred Sunday at a depth of 78 km, according to the German Research Centre for Geosciences. No immediate damage or tsunami warnings reported.
30-year Treasury yield tops 5.33%, outpacing dividend stocks by 2.2 points
The gap between the 30-year Treasury yield and dividend stock yields has widened to 2.2 percentage points, the widest since 2007. History suggests divergent paths ahead for bonds and equities.
Trump says U.S., Canada close to trade deal
President Donald Trump expects a trade agreement with Canada to be finalized soon, while negotiations with Mexico have also begun. Remarks made at Joint Base Andrews.
U.S. economic data due Monday: Chicago Fed index, Treasury bill auctions
Chicago Fed activity gauge and $50 billion in 3- and 6-month Treasury bill sales headline Monday’s U.S. data slate. Previous readings show modest contraction and steady yields.
U.S. to transfer $725 million to UN amid $4 billion debt dispute
Payment covers less than 20% of Washington’s U.N. arrears, easing immediate liquidity pressure but leaving long-term obligations unresolved. Trump administration notifies Congress ahead of UNGA speech.
Euro zone bond yields steady as U.S. yields climb after volatile week
German 10-year bund yield holds near 15-year high at 3.2572% as U.S. 2-year yield rises 9 bps. U.S. Treasury intervention offers temporary relief amid global bond market turbulence.
US Treasury yields climb after services PMI hits 20-month high
2-year yield rises 3.8 bps to 4.223% as services activity accelerates; 10-year and 30-year also gain. Manufacturing slowdown persists amid geopolitical disruptions.
Eurozone consumer confidence improves unexpectedly in August
Eurozone consumer sentiment rose 0.4 points to -15.5 in August, defying forecasts for a slight decline to -16.0, as EU data shows gradual recovery from March-April lows.
UK economy grows 0.4% in Q2 as Burnham prepares first budget
Growth exceeded expectations in the second quarter, led by services and AI-related sectors, ahead of Finance Minister John Healey’s October budget. Retail sales and consumer confidence also improved.
Euro zone consumer confidence rises to -15.5 in August: EC
Consumer morale improved slightly in August, exceeding expectations despite ongoing economic uncertainty. The flash estimate from the European Commission shows a marginal uptick from July's reading.
Canada retail sales drop 0.8% in July after six-month rise
July decline ends streak of six consecutive monthly gains as gasoline prices ease and core retail sales moderate. Total sales dip to $73.7 billion.
U.S. services PMI hits 20-month high as economy accelerates to 3% growth pace
S&P Global’s August survey shows the fastest services expansion since late 2024, while manufacturing activity slows to a five-month low amid supply disruptions tied to regional conflict.
Ethiopia’s creditors back $1 bln bond deal, easing default exit
Official creditor committee approves preliminary Eurobond restructuring agreement, paving way for Ethiopia to emerge from default. Deal includes comparability clause and potential 'New Money Warrant' dispute.
Markets price sharper ECB rate hikes as hawkish bets rise
Traders lift deposit-rate wagers to near 3% by late 2027, with a September increase seen as the next step. Oil and gas markets remain elevated amid Middle East tensions.
SNB’s Tschudin says negative rates remain an option in Switzerland
Swiss National Bank director Petra Tschudin cites anchored inflation expectations and a stable CPI basket as key factors behind record-low inflation. The central bank retains all policy tools, including sub-zero rates, to meet its 0-2% inflation target.
China to tighten outbound investment rules with expanded scope
Draft revisions by the NDRC aim to enhance investor protections and reporting for cross-border deals amid rising geopolitical risks. Public feedback sought until Sept. 20.
U.S. 30-year Treasury yield hits 15-year high as bond selloff deepens
Yields surge past 5.3% amid rising debt costs and geopolitical risks; Treasury to expand buyback operations to $4 billion per auction.
U.S. national debt surpasses $40 trillion for first time
Total public debt reaches $40.047 trillion as borrowing accelerates under Trump and Biden administrations amid rising deficits and Treasury bond yields.
U.S. judge blocks visa suspension for applicants from 75 countries
Federal judge rules State Department exceeded authority in barring immigrant visas based on nationality. Policy covered Latin America, Africa and parts of Asia.