Macro
German business sentiment jumps to 88.8 in August, Ifo survey shows
Ifo Business Climate Index rose to 88.8 from 86.7 in July, beating forecasts of 87.2, as all sectors reported improvement amid energy price pressures.
Canada's fiscal deficit narrows sharply in Q1 2026/27 to C$370 mln
Canada recorded a C$370 million budget deficit for the first three months of fiscal 2026/27, down from C$6.28 billion a year earlier. Program spending rose 4.3%, while revenues increased 9.8%.
Canada posts C$370 million Q1 deficit as revenues rise 9.8%
First-quarter budget gap narrows sharply from C$6.28 billion year-ago shortfall amid 4.3% spending growth and 9.8% revenue increase.
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.
Czech lower house overrides veto to relax budget deficit rules
Legislation allowing higher spending flexibility passes despite objections over fiscal sustainability risks. Defense and infrastructure projects exempted from deficit calculations.
U.S. durable goods orders rise 1.1% in July, outpacing forecasts
Orders for U.S. durable goods increased 1.1% last month, surpassing expectations as demand for transportation equipment offset broader weakness in core categories.
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.
Nevada challenges Trump administration’s Colorado River water cuts plan
State files federal lawsuit to block Interior Department’s 21% water reduction plan for lower basin states, citing legal and environmental violations. Cuts set to begin in 2027.
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.
Brazil’s current account deficit widens to $8.11 bln in July
Current account shortfall exceeds forecasts as foreign direct investment falls below expectations. 12-month deficit holds at 2.49% of GDP.
U.S. wholesale inventories jump 1.3% vs 0.2% forecast, stoking growth concerns
Unexpected surge in wholesale stockpiles signals potential demand weakness and risks to economic expansion, overshooting forecasts by a wide margin.
Six EU nations push for €400 billion cut to 2028-2034 budget plan
Germany, Denmark, Netherlands and three others seek 'balanced' reductions to the bloc's €2 trillion long-term budget proposal ahead of 2026 agreement deadline.
Sweden lifts 2026 GDP growth forecast to 2.5% ahead of September election
Centre-right coalition raises growth outlook on policy support, citing stronger household finances and lower inflation. Opposition leads in latest polls.
Brazil posts largest July current account deficit in 7 years at $8.11 bln
Current account gap widens to $8.11 billion, exceeding analyst forecasts and hitting the highest level for July since 2019. Foreign direct investment also declines.
China says it will monitor US tariff measures and reserves right to act
China's Ministry of Commerce will watch a possible 7.5% US tariff on Chinese goods and said Beijing reserves the right to take all necessary measures.
France’s 2027 budget battle: key risks as deficit pressures mount
Prime Minister Sébastien Lecornu faces a minority government and tight deadlines to pass France’s 2027 budget amid weak growth, emergency spending, and constitutional constraints. A failure to legislate could trigger unprecedented fiscal paralysis.
Global economic calendar: Key events for Aug 27, 2026
Earnings season continues with German, French and U.S. companies reporting quarterly figures while central bank data and labor indicators take center stage in Europe and the U.S.
Swiss economic calendar: Key events for Aug 27-Sep 3, 2026
Swiss companies report first-half results while macro data on employment, retail sales and inflation are due. Regulatory and sector events also feature in the week's agenda.
UBS-CFA indicator rises but uncertainty over Swiss economy grows
Swiss economic sentiment improves for second month, yet expectations diverge sharply; U.S. outlook darkens while SNB seen holding rates at zero. Euro seen above 0.90 CHF with 79% probability.
Brazil’s October vote pits divergent fiscal paths but debt targets align
Opposing presidential and congressional candidates offer starkly different fiscal strategies, yet both aim to stabilize Brazil’s debt by 2031 amid widening deficits and rising debt ratios.
Chinese workers in EU see Brussels as tensions rise
Workers in China express growing support for EU institutions amid escalating trade disputes.
Swiss analyst confidence rises for second straight month: UBS CFA survey
The UBS CFA Indicator climbed 2.1 points to +12.1 in August, marking the second consecutive positive reading since geopolitical tensions flared. Analysts remain split on Swiss growth, while SNB rate expectations stay anchored near zero through mid-2027.
Swiss real estate risk index falls to lowest in three years, Moneypark says
Moneypark's Real Estate Risk Index dropped to 3.5 points in Q2 2026, driven by stronger PMI, low SNB rates and a slowdown in real price growth, though unemployment and migration weakness remain risks.
U.S. housing, confidence data due Tuesday as markets eye Fed outlook
Building permits and new home sales forecasts point to a modest rebound in construction, while consumer confidence is expected to slip slightly. Richmond Fed’s Barkin also scheduled to speak.