Macro
Italy's services sector posts fastest growth in 3.5 years in August
S&P Global Italy Services PMI rose to 55.2 in August, the highest since April 2023, as domestic demand surged while export growth remained modest. Input costs accelerated amid energy and commodity price pressures.
French services sector contracts for second month in August as PMI falls to 48.0
French service-sector activity shrank at an accelerated pace in August, with the PMI declining to 48.0 from 49.6 in July. New orders and employment also declined, while input costs rose sharply.
Germany's services sector edges closer to growth in August
Germany's services PMI rose to 49.7 in August, while composite output PMI climbed to a five-month high of 51.8, signaling tentative recovery amid rising costs and export gains.
Magnitude 5.7 earthquake strikes Papua New Guinea, GFZ reports
Shallow quake hits eastern Papua New Guinea, according to German Research Centre for Geosciences. No immediate tsunami warning issued.
Brazil central government posts R$10.78 bln primary surplus in July
Surplus exceeds July 2025 deficit and matches median Reuters poll forecast; central government accounts include Treasury, Central Bank and Social Security.
Michigan sentiment, Jackson Hole to headline Friday's data docket
Consumer confidence and the annual Fed symposium in Wyoming headline a busy Friday for U.S. economic data and policy signals.
Brazil weighs lending curbs as household debt ratio hits record 26.6%
Central bank considers lender-side restrictions to curb rising consumer leverage after household debt service-to-income ratio climbs to highest level in June. IMF urges stricter rules.
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.
China regrets G20 finance meeting failed to issue joint statement
Spokesperson cites divergent views on key issues as reason for absence of consensus during Wednesday's G20 finance leaders' meeting.
BofA trims UK 2027 growth forecast on energy price surge
Brokerage lowers 2027 GDP outlook to 1.2% as higher oil and gas costs weigh on outlook; inflation forecasts raised across 2026-27.
U.S. private payrolls rise 38,000 in September, missing forecasts
ADP report shows smallest gain in six months as hiring slows below expectations of 47,000. Economists eye government payroll data for broader labor market trends.
US private payrolls rise 38,000 in August, ADP report shows
Private employment growth slowed last month, missing economists' forecasts as the labor market shows signs of cooling. The report precedes Friday's official jobs data from the BLS.
China denies deliberate pursuit of trade surplus
The country’s central bank governor stated that China does not aim to maintain a trade surplus.
BofA cuts UK 2027 growth forecast on energy shock
Bank of America reduces UK growth outlook for 2027 to 1.2% due to higher energy prices and pre-Budget uncertainty, while lifting 2026 estimate to 1.2%.
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.
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.
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.
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.
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.
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.
Morning Bid: Who will police the bond vigilantes?
Markets await clarity on oversight of investor-driven bond market pressures.
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.
German consumer confidence rises to -26.6 in September: GfK
Index climbs for fourth straight month as income and economic expectations improve, though outlook remains subdued amid persistent uncertainties.