Macro
U.S. jobless claims, Kansas Fed data headline Thursday's economic calendar
Initial jobless claims forecast at 208K, Kansas Fed composite index among data due before the Jackson Hole symposium. Natural gas storage, retail inventories also on tap.
U.S. new home sales fall 10.5% in July as mortgage rates weigh
Sales pace drops to 607,000 units, the lowest since January, while median price falls to $393,800. Consumer buying plans decline to five-year low.
Colombia struck by 5.1-magnitude quake, no damage reported
A tremor near Los Santos in Santander province registered 5.1 on the Richter scale Wednesday morning, prompting evacuations in Bogotá. Authorities reported no structural damage.
Mexico posts $8.93 bln current account surplus in Q2, central bank says
Second-quarter surplus contrasts sharply with a revised $18.23 bln deficit in Q1, driven by trade and remittance flows. Central bank data released Tuesday.
Swiss lawmakers propose restricting 13th pension to domestic retirees
Motion would exclude foreign-based recipients from the supplemental December payment, citing cost-of-living disparities and limited savings potential. Federal council opposes proposal on legal grounds.
Mexico reports $8.93 billion current account surplus in Q2
Surplus reverses Q1 deficit as inflows strengthen; surplus equals 1.65% of GDP, central bank data shows.
U.S. consumer confidence falls to 89.4 in August, lowest since January
Index drops to 89.4 from revised 90.2 in July, with inflation expectations rising to 5.8% over the next year. Conference Board cites deteriorating labor market and business outlook.
U.S. consumer confidence hits seven-month low in August: Conference Board
Index falls to 89.4 as inflation outlook worsens and labor market sentiment sours, according to the Conference Board's latest survey.
U.S. new single-family home sales drop 10.5% in July to 607,000 units
Decline follows June's downward revision and exceeds Reuters' 620,000-unit consensus estimate as high mortgage rates and elevated prices curb demand.
Bessent warns disorderly yen moves could destabilize global markets
A senior executive cautions that sharp, unmanaged fluctuations in the yen could disrupt international financial stability.
What UK households expect from the Budget
The upcoming UK Budget will be scrutinised for measures addressing household finances amid cost-of-living pressures.
U.S. consumer confidence falls to 89.4 as uncertainty weighs
Index declines from 90.2 to 89.4 in August, missing forecasts of 90.3 and signaling caution amid persistent inflation and growth concerns.
U.S. new home sales drop to 607,000 in July, missing forecasts
July new home sales fell 10.5% to 607,000 units, missing expectations of 620,000, as rising mortgage rates and construction costs weighed on demand.
US private payrolls rise by 11,750 jobs weekly in late summer
ADP’s NER Pulse shows hiring momentum slowing to a four-week average of 11,750 jobs through August 8, down from peaks in May. Report is preliminary and seasonally adjusted.
U.S. private payrolls rise 11,750 weekly in four weeks to Aug 8: ADP
Weekly private payroll growth averaged 11,750 jobs in the four weeks to Aug. 8, ADP data shows, up from 9,500 the prior week, as labor market momentum remains subdued.
U.S. building permits rise 4.3% in August, below expectations
Permits issued increased for the first time in two months, signaling tentative recovery in construction activity despite missing forecasts.
Brazil consumer confidence falls to lowest since late 2022 in August
FGV's consumer confidence index dropped for a fourth straight month, hitting 84.7 points as households grow more pessimistic on finances and durable goods purchases.
Japan seeks record $230 billion for debt servicing in FY2027 budget
Finance Ministry requests ¥36.6 trillion to cover interest payments and redemptions, a 17% rise from the current fiscal year's initial allocation. The provisional budget surpasses ¥130 trillion for the first time.
UK Chancellor Healey to unveil cautious budget amid £9 bln fiscal headroom loss
John Healey faces narrowing fiscal headroom as higher debt costs and spending commitments erode £23.6 bln buffer ahead of October 28 budget. Defense spending targets and windfall taxes on banks and energy firms under review.
Australia household spending rises 1.1% in July, fastest since 2023
Monthly household spending in Australia increased for a third straight month in July, supported by gains in recreation, food and health services, data from the Australian Bureau of Statistics showed.
Wolfe Research forecasts August payrolls growth of 65,000 jobs
Nonfarm payrolls seen rising by 65,000 in August, outpacing consensus, while unemployment rate edges up to 4.16%. Wolfe also expects annual revisions to add 180,000 jobs.
China’s industrial profit growth slows to 11.2% in July amid AI sector surge
July industrial profit growth cooled to 11.2% year-on-year, down from 15.1% in June, as AI-linked sectors surged while domestic demand lagged. Cumulative growth over seven months eased to 17.6%.
German Ifo business climate index rises more than expected in August
The Ifo Business Climate Index climbed to 88.8 in August, its fourth consecutive monthly gain, as uncertainty eased despite rising energy costs and geopolitical risks.
German business confidence exceeds forecasts in August
Ifo Institute's business climate index rose to 88.8 in August from a revised 86.7 in July, surpassing economists' median estimate of 87.2. Germany's Q2 GDP growth revised up to 0.3% quarter-on-quarter.