Macro
Eurozone business lending drops sharply amid ECB rate hikes
Corporate credit availability fell by half in August as higher borrowing costs weigh on business financing.
Xi Says U.S.-China Can Overcome the 'Thucydides Trap'
President Xi Jinping told Donald Trump at the White House that the feared conflict between a rising and established power is avoidable, signaling a shift from his earlier rhetoric.
U.S. and China Reach Preliminary Trade Agreement on Select Goods, Details Due Monday
USTR Jamieson Greer said the two sides have agreed on terms for U.S. agricultural products, medical devices and non‑sensitive Chinese consumer goods, with further specifics slated for release Monday.
US stock futures slip as yields rise, oil jumps on Middle East tensions
S&P 500, Nasdaq-100 and Dow futures fell modestly while the 10‑year Treasury yield topped 5.2% and crude oil rose over 3% after a Houthi missile attack on Saudi facilities.
U.S. 10-Year Yield Climbs for Sixth Week as Bond Rout Deepens
The benchmark 10-year Treasury nears 5.23%, a level not seen since 2007, while the 30-year breaches 5.50%—the highest since 2004—sparking concern across equity and fixed-income markets.
Chip Stocks Extend AI-Driven Gains as Tech Picks Lead Market
AI-themed equity strategies posted monthly returns of 10% or more as semiconductor names rallied, extending outperformance against the S&P 500 that has persisted since late 2023.
EU holiday package prices rise 3.2% in August, airfares slip 0.4%
Eurostat data show EU package holiday costs matched the bloc's 3.2% inflation rate in August 2026, while passenger air transport prices fell 0.4% year‑on‑year.
Hungary may cut rates this year if euro plan progresses, deputy governor says
The National Bank of Hungary left its rate steady at 5.5% and cut its inflation target to 2.5%. Deputy Governor Zoltan Kurali said another easing remains possible by year-end if fiscal clarity arrives and euro adoption advances.
S&P 500 Utilities index slides to 52‑week low amid rising 10‑year Treasury yield
The utilities sector fell to 400.07, its lowest level in a year, as the 10‑year U.S. Treasury yield rose to 5.16%, triggering oversold technical signals.
Anleger auf Wachstumskrisen und Zinserhöhungen fokussiert
Geopolitische Spannungen und Anleiherenditen dominieren die Börsenwoche – Brent-Olpreis bleibt stabil, SMI überquert 14'000 Punkte nur kurzzeitig
Eurozone M3 money supply growth accelerates to 3.5% in August
Economic expansion pressures persist as broad money supply M3 rises fastest since May 2025, while credit trends diverge between households and non-financial firms.
Schweizer Ökonomen erhöhen Wachstumsprognose für 2026 und 2027 auf 1,7 Prozent
Expertenrevisionen deuten auf stärkere Investitionen und stabilere Preisentwicklung hin, während der Arbeitsmarkt und der Franken stabil bleiben
Asia stocks retreat amid bond market stress and geopolitical uncertainty
Global bond selloffs and unresolved tensions in U.S.-China trade negotiations weighed on regional equities, while oil prices remained volatile.
Eurozone PMI hits 3½-year high amid Iran conflict, ECB inflation outlook raised
Business activity surged to its strongest level since April 2023 despite Middle East tensions and energy price pressures.
ECB Director Isabel Schnabel to Join IMF in January 2027
ECB announced that director Isabel Schnabel will leave the central bank early, effective 3 Jan 2027, to head the IMF’s Money and Capital Markets Department from 4 Jan. Her eight‑year term was due to end at the end of 2027.
U.S. Current-Account Deficit Rises to $246B in Q2 2026
The U.S. trade and investment position widened further in the second quarter, with a current-account deficit expanding by $33.4 billion to $246.0 billion.
Fed September Hike Odds Fall to 25% as Soft Inflation Data Lulls Markets
July CPI and PPI came in cooler than expected, pushing rate-hike probability from roughly 60% to a quarter and easing pressure on Fed Chair Kevin Warsh to tighten further.
China Confirms First AI Talks With U.S., Hints at Trade Truce Extension
Beijing confirmed senior negotiators held initial AI discussions with Washington and discussed tariff reductions and extending a trade truce set to expire in January.
ECB projects euro area inflation spike to 3% in 2026, growth to slow
The European Central Bank raised its 2027–2028 inflation forecasts and upgraded 2026–2027 GDP growth, projecting headline inflation at 3% next year as energy costs rebound.
SNB Holds Rates at 0% Amid Rising Inflation and Global Uncertainty
Swiss National Bank leaves policy rate unchanged at 0% while noting elevated inflation pressures and geopolitical risks.
Global bond sell-off deepens as US economy fuel rate-hike bets
US Treasury yields surge past 5% on both the five- and 10-year benchmarks as strong PMI data and rebounding oil prices stoke bets on further Federal Reserve rate increases.
ECB Chief Economist Sees No Major Wage Pressure Despite Rising Inflation
Philip Lane says inflation exceeding 3% is not being transmitted into pay demands, as firms cite Chinese competition and automation as reasons to hold wages steady.
Swiss economic calendar: key data and earnings Sep 24‑Oct 1, 2026
The Swiss market will see a series of corporate results, central bank assessments and macro data releases, including the SNB's monetary assessment, KOF forecasts, Roche Pharma Day and multiple earnings reports.
Trump Admin Weighs Overseas Push for Dollar-Backed Stablecoins
US officials are considering joint ventures with private firms to expand use of dollar stablecoins abroad and reinforce the greenback's reserve-currency status.
Gold prices drop as higher-for-longer central bank interest rate outlooks weigh on market sentiment
Gold prices fell as expectations of prolonged higher central bank rates weighed on market sentiment.
US Treasury sells $70 billion in 5-year notes
The U.S. Treasury auctioned $70 billion of 5‑year notes.
U.S. Crude Oil Stockpiles Post Unexpected Build
U.S. crude oil inventories rose unexpectedly, according to the latest data.
Fed's Barr Cites Tariffs, Geopolitics, and AI Demand as Inflation Drivers
Governor Michael S. Barr said the FOMC increased the policy rate last week and further adjustments may be needed as shelter costs and broader inflation remain elevated.
Reinhart warns sovereign debt could spark crisis, calls for fiscal discipline
Harvard economist Carmen Reinhart cautioned that rising sovereign debt may trigger a sudden crisis, emphasizing the limits of low‑interest policies and the risk of fiscal dominance.
OECD raises 2026 growth forecast amid high oil prices, warns 2027 risks
Global growth is projected to rise to 2.9% in 2026, defying elevated oil prices, but downside risks loom for 2027.
Euro Yields Drop as Crude, Gas Retreat on US-Iran Breakthrough Hopes
Euro-zone government bonds rallied as Brent crude fell below $100 and the Strait of Hormuz reopening prospects eased energy risk premia.
Zelenskyy pushes for trilateral peace meeting, 'energy ceasefire' with Russia
Ukraine's president told Trump at the UNGA he is ready for direct talks with Putin on an energy truce and urged Washington to engage China's Xi on the conflict.
Schweiz bleibt im Global Retirement Index auf Platz 4, aber materielles Wohlstandsrisiko bleibt
Die Schweiz bleibt im Natixis Global Retirement Index 2026 auf Platz 4, doch ein Rückgang im Bereich materielles Wohlstand zeigt Schwächen in der Altersvorsorge.
Richmond Fed President Barkin says economy may be firming, inflation not limited to energy and tariff shocks
Richmond Fed President Barkin said the economy may be firming while inflation remains broader than just energy and tariff shocks.
Swiss President Urges Multilateralism at UN, Warns of Protectionist Threats
Guy Parmelin told the 81st UN General Assembly that global institutions must step up as violations of Charter principles and rising protectionism strain international cooperation.
US stock futures edge up as Treasury yields, inflation data weigh on markets
Futures move slightly higher while investors brace for upcoming wholesale and consumer inflation reports.
Switzerland Drops in Global Retirement Ranking as Inflation Pressures Pensions
Switzerland falls to fourth place in the Natixis Global Retirement Index as rising inflation, state debt and aging populations squeeze pension systems worldwide.
US inflation outlier driven by tariffs, AI memory prices
Goldman Sachs says the apparent US inflation surge stems mainly from temporary tariff effects and AI‑related memory price rises, while underlying services and labor costs remain contained.
Swiss Parliament Approves Online Access to AHV and IV Data from 2028
The National Council and Council of States backed a digital platform that will let insured persons view their old‑age and disability insurance records online starting in 2028, aiming to cut paper costs and highlight contribution gaps.
China gold imports surpass 1,000 tonnes, set new annual record
Chinese gold imports topped 1,000 tonnes by August, already exceeding the full-year 2025 total, as a stronger yuan and central bank buying fuel demand.
Carney Says He Spoke With Trump on Ukraine, Iran
The Canadian prime minister said he has held recent calls with President Trump covering the war in Ukraine and Iran-related issues, amid an ongoing trade dispute between the two nations.
German Economy Shows Early Signs of Slowing Mid-Year
Industry and domestic demand indicators suggest a weakening in Germany’s post-pandemic recovery, despite recent positive business sentiment.
Euro area sovereign yields rise as French debt risk spikes
French OAT yields hit 4.5% and CDS spreads surge to 2020 highs, while German yields stay near 3.2% after the ECB lifted rates to 2.5%, raising concerns over euro‑zone fiscal health.
Swiss Retirement Savings Falls Short, Equity Interest Surges in Survey
BNP Paribas survey finds Swiss rate financial security at 6.1/10, down from 6.4, as two-thirds fear AHV and pensions won't maintain living standards.
St. Louis Fed President Alberto Musalem says further rate hikes may be needed to quell inflation
St. Louis Fed President Alberto Musalem said additional rate hikes may be required to curb inflation driven by strong demand and a commodity price shock.
FINMA Enforcement Proceedings Surge 45% Amid 2025 Volatility
The Swiss regulator concluded 55 enforcement cases last year, up sharply from 38, as on-site inspections intensified across UBS and the wider banking sector.
UK borrowing jumps to £18.3bn in August, £3.5bn above OBR forecast
Public finances data show Britain borrowed £18.3bn in August, exceeding the Office for Budget Responsibility's forecast by £3.5bn and the City estimate by £2.7bn. Net debt is just under £3tn, or 94% of GDP.
ECB finds natural gas price surges could feed eurozone inflation faster than before
The European Central Bank says recent spikes in natural gas prices may translate into inflationary pressure in the euro area more quickly than in the past.
Russia's pro-Putin party wins wartime election with over 57% of vote
Near-complete results show the ruling party securing over 57% in what is being described as a wartime election in Russia.
Gold holds steady near $4,379.74 per ounce as markets monitor Middle East tensions and interest rate outlooks
Gold remained near $4,379.74 per ounce while investors watched Middle East tensions and interest‑rate expectations.
United Russia on track for decisive win as Ukraine launches major Moscow drone attack
United Russia leads the September 21 State Duma election with 57.5% of votes counted, while Ukraine carried out its largest drone strike on the Moscow region on the final voting day.
German Chancellor, Merz's Party Face Fallout After State Election Loss
Political repercussions are emerging after a defeat in German state elections, with economic stability concerns also being raised.
ECB wage tracker shows 2.7% negotiated wage growth projected for H1 2027
The ECB’s forward‑looking wage tracker, based on collective bargaining agreements signed through August 2026, indicates a modest rise in euro‑area wage pressures, with employee coverage still limited but expected to grow.
Putin's United Russia wins Russian parliamentary election with two-thirds majority
United Russia secures 57.9% of votes and over 300 Duma seats in election critics call a farce, giving Putin a mandate to continue the war in Ukraine.
Wall Street week shaped by Federal Reserve rate path, oil prices, and AI concerns
The upcoming week on Wall Street is set to be influenced by the Federal Reserve's interest-rate trajectory, oil price movements, and developments in artificial intelligence.
Upcoming US FOMC Meeting Prompts Market Views on Potential Rate Cuts and Target Ranges
Markets are watching an upcoming U.S. Federal Open Market Committee meeting for possible interest‑rate cuts and the associated target range.
US trade deficit widens to $88.6 billion in July
The deficit expanded 24.4% from June to $88.6 bn, as imports rose 2.8% and exports fell 2.1%, with capital‑goods imports jumping 11.4% – the biggest rise since 1993.
Energy shock talks and geopolitical developments amid Ukraine conflict and diplomatic meetings
Discussions on energy shocks and geopolitical developments are occurring as the Ukraine conflict continues and diplomatic meetings take place worldwide.
Pakistan imposes market curfew and fuel austerity as protests cost Rs120bn daily
Pakistan is closing markets at 9pm and tightening fuel-austerity rules as Finance Minister flags protests and sit-ins are inflicting around Rs120bn in daily economic losses.
UK Inflation Accelerates to 3.1% in August on Fuel Price Surge
Headline inflation rose from 2.9% in July as motor fuel costs jumped 23%, pushing the rate to its highest since December 2025.
Bitcoin consolidates near $76,500 amid US stocks rebound after Fed rate hike
BTC rallied slightly as investors shifted into US equities following the Federal Reserve’s 25-basis-point rate hike, while macroeconomic uncertainty weighed on Bitcoin’s near-term outlook.
Angola's central bank cuts its key lending rate by 100 basis points as inflation falls to single digits
Angola's central bank reduced its key lending rate by 100 basis points after inflation moved into single‑digit territory.
Swiss Firms Could Get Up to $2 Billion in US Tariff Refunds: UBS
UBS economists say Swiss exporters may recover up to $2 billion after the US Supreme Court struck down Trump-era tariffs, though effective duty rates remain far below headline levels.
Builders FirstSource Hits 52-Week Low as Earnings Miss, Exec Departs
Shares of BLDR fall to $58.13 after Q2 adjusted EPS dropped 51% year over year, missing forecasts, while its president of technology and digital solutions departs.
U.S. Treasury yields climb ahead of upcoming CPI data release
U.S. Treasury yields are rising as the market awaits the upcoming CPI data release.
US tariff revenue exceeds refunds paid out for the first time in months
US tariff collections have surpassed the amount refunded to importers for the first time in several months, according to recent trade data.
US producer prices rise 0.4% in August, adding to Fed rate-hike pressure
August producer-price data came in hotter than expected, pushing 30-year Treasury yields to their highest since 2007 and lifting probability of a September rate hike to roughly 65%.
US Initial Jobless Claims Fall Slightly to 206,000
US unemployment claims dipped 1,000 to 206,000 last week, staying near historic lows and reinforcing the case for a potential Fed rate hike next week.
Swiss economy expands 1.9% in Q2, accelerating from first quarter
Switzerland's GDP grew 1.9% quarter-on-quarter in the second quarter, marking a sharp acceleration from the 0.6% gain in Q1 as annual growth reached 2.8%.
Asian Markets and Oil Prices Pause Ahead of U.S. Fed Policy Decision
Bond yields, crude benchmarks, and major equity indices across Asia are consolidating as traders await the upcoming Federal Reserve policy decision.
US jobless claims rise slightly amid stable but cautious labor market
Initial claims rose 2,000 to 206,000 in the latest week, while continuing claims climbed by 8,000 to 1.78 million, signaling persistent hiring caution.
France’s debt hits 119.3% of GDP in 2026, EU monitoring continues
Public debt projections exceed EU limits, with deficits expected to remain above 5% through 2027 amid fiscal adjustments and economic challenges.
U.S. trade deficit hits $88.6 bn in July, widest since early 2025
Imports surged while exports fell, with capital goods imports rising 11.4%—the largest increase since 1993—driven by AI infrastructure demand.
BIS chief warns AI capex arms race relies on opaque debt, posing systemic risks
BIS chief Pablo Hernandez cautions that AI spending funded by opaque debt could create systemic risks, citing past railway and dot‑com bubbles.
China holds benchmark lending rates for 16th straight month
The PBOC kept its one-year and five-year loan prime rates unchanged, reflecting narrow room for monetary easing amid U.S.-China policy divergence and weak credit demand.
Swiss Unions Demand 2.5% Wage Hike to Counter Inflation and Purchasing-Power Crisis
The Swiss Trades' Confederation is calling for a across-the-board 2.5% salary increase, citing lagging real wages, rising health-insurance costs and a deep purchasing-power squeeze affecting workers nationwide.
Japan to Release July Industrial Production and Capacity Utilization Data on September 14, 2026
The data will be complemented by Austria hosting the International Atomic Energy Agency's general conference in Vienna.
Wall Street volatility driven by prospect of a new Federal Reserve rate-hiking cycle and AI safety fears
Market turbulence on Wall Street is linked to expectations of a fresh Federal Reserve rate‑hiking cycle and concerns over AI safety.
Canada seeks unique alliance with EU, rules out membership
Prime Minister Mark Carney said Canada wants a distinct partnership with the European Union but will not pursue membership, citing shared values and complementary strengths amid worsening trade ties with the United States.
Germany Inflation Rate Climbs to 2.9 Percent on Expensive Energy
Rising energy costs push Germany's headline inflation to 2.9 percent, while core inflation also climbs to 2.4 percent year on year.
Japan posts trade deficit for fourth month as soaring oil prices stoke import costs
Japan's trade balance slipped into negative territory for a fourth straight month, weighed down by steep energy import bills amid elevated global oil prices.
Swiss Economy Surges 1.9% in Second Quarter on Strong Momentum
Switzerland's GDP expanded 1.9% quarter-over-quarter in Q2, accelerating sharply from the first quarter's 0.6% gain, while annual growth jumped to 2.8%.
EU Pledges €200M Funding Boost for Greenland Amid Trump Annexation Pressure
The European Union committed a fresh €200 million funding package to Greenland, backing the territory's deepening Arctic partnership with Brussels even as Donald Trump renews his push to acquire the island.
Extreme weather and disasters claim thousands globally in August–September 2026
A series of devastating earthquakes, floods, volcanic eruptions and typhoons struck Colombia, Nepal, Indonesia, China and the Philippines, with economic losses and casualties exceeding 1,000 fatalities in some cases.
Sweden’s election looms amid fiscal pressures from defense spending and welfare demands
Defense spending surges as NATO membership reshapes budget priorities, while domestic welfare and tax cuts face tighter fiscal constraints ahead of the vote.
Iran Flags Soaring Inflation, U.S. Tightens Sea Blockade and Sanctions
Iran's interior ministry called steep price rises 'worrying' as bread costs doubled in a week, while the U.S. expanded sanctions targeting Tehran's key economic sectors.
Denmark, Greenland and US announce breakthrough on Greenland security pact
Denmark and Greenland say a deal with the United States granting Washington broad security authority over the Arctic island will be signed next week, pending UN and parliamentary approval.
China's August Retail Sales Miss Forecast as Investment Slump Deepens
Retail sales grew just 0.4% in August, missing forecasts, while urban fixed-asset investment fell 7.2% year-to-date. Industrial output surprised to the upside at 5.2%.
Global markets prepare for week with US-China summit, UN General Assembly and PMI data
Investors watch a US‑China presidential summit, the UN General Assembly and global PMI releases as key themes for the coming week.
Asian shares slide as oil prices spike on supply concerns and investors brace for US and Japan rate decisions
Asian equity markets declined while oil prices rose amid supply worries, with investors awaiting upcoming rate decisions from the United States and Japan.
U.S. Consumers Hit With $100 Billion in Extra Fuel Costs as Oil Surges Above $100
Americans have spent an additional $100 billion on fuel since the start of the Iran conflict, as crude prices remain above $100 a barrel.
US Housing Data to Watch This Week: Starts and Pending Sales
August housing starts and pending home sales are among the key US real estate figures due this week.
Trump Promises $5,000 to Every US Adult If Republicans Win Midterms
US President Donald Trump pledged a $5,000 "Trump dividend" to each American adult on condition funds are spent domestically, if Republicans retain congressional control in November. The plan would cost an estimated $1.35 trillion across roughly 270 million adults.
Oil and U.S. Treasury Yields Hit Seven-Year Correlation High
Tight lockstep between yields and crude prices is intensifying cross-asset volatility and macro inflation concerns.
Trump Urges Fed to Cut Rates to Lowest in World Ahead of FOMC Meeting
President Donald Trump escalated pressure on the Federal Reserve, calling for the lowest interest rates globally ahead of the September 15–16 FOMC decision, amid rising expectations of a 0.25 percentage-point hike.
Japanese Yen rallies to seven-month high, affecting FX carry trades and global markets
The yen has risen to its highest level in seven months, prompting shifts in carry trades and broader market volatility.
US Jobless Claims Fall to 196,000, Defying Expectations
Initial unemployment claims dropped by 10,000 to 196,000 last week, well below the 207,000 economists projected, underscoring a resilient U.S. labor market that complicates the Fed's rate trajectory.
Bitcoin holds $78K amid Fed hike, Clarity Act setback as Q3 rally persists
Bitcoin’s September performance defies historical sell-offs, with a 1.5% drop contrasting a 32% Q3 gain—despite Fed rate hikes, oil spikes and regulatory setbacks.
Euro-Area Consumers Raise Inflation Outlook as Growth Stays Pessimistic
The ECB's August consumer survey shows median expected inflation rising across all horizons, while growth expectations remain negative and the labour market outlook edges slightly more positive.
U.S. Jobless Claims Drop, BOE Holds Rates Amid Central Bank Divergence
Weekly initial jobless claims fell to 196,000 while the Bank of England kept borrowing costs at 3.75%, contrasting with the Fed's recent 25-basis-point hike that lifted stocks.
ECB's Vujčić Says Central Banks Remain Cautious on AI's Productivity Impact
ECB Vice-President Boris Vujčić says persistent higher prices could erode purchasing power and food inflation may peak at 3.4% in Q3 2027, while noting uncertain AI productivity outlook.
Japan's Central Bank Raises Key Rate to 31-Year High
The Bank of Japan lifted its benchmark rate by 25 basis points to 1.25%, marking the highest level since 1995, in its second hike this year.
US dollar hits two-week high as surging oil prices lift Treasury yields and Fed rate hike expectations
The US dollar reached a two‑week high as oil price gains lifted Treasury yields and heightened expectations of a Federal Reserve rate hike.
European Central Bank widely expected to hike interest rates amid surging oil prices and ongoing U.S.-Iran conflict
The ECB is anticipated to raise rates as oil prices climb and the U.S.-Iran situation persists.
Oil prices surge past $100 per barrel as Middle East tensions escalate, impacting global equity futures and Asian markets
Oil prices rose above $100 a barrel amid rising Middle East tensions, affecting global equity futures and Asian markets.
German Cabinet Approves €10 Billion Income-Tax Reform
Berlin’s tax-cut package targets middle-income families and top earners, with a new 47% rate for incomes above €280,000 taking full effect by 28.
US nonfarm payrolls rise 162,000, putting Fed rate decision on upcoming inflation data
Nonfarm payrolls increased by 162,000, making the Federal Reserve’s next rate move contingent on forthcoming inflation numbers.
BlackRock Corporate High Yield Fund Drops to 52-Week Low
The high-yield corporate bond fund HYT fell to $8.22, reflecting pressure on credit investments as economic uncertainty and interest-rate shifts weigh on yields.
Switzerland Raises 2026 GDP Growth Forecast to 1.7% as Franc Weakness Helps
SECO lifts 2026 growth projection to 1.7% from 0.9%, citing stronger-than-expected Q2 data and a weaker franc boosting exports.
U.S. 10-year Treasury yield eases in the afterglow of Fed hike
The yield on the U.S. 10-year Treasury note declined after the Federal Reserve's latest interest‑rate increase.
ECB and Fed rate hikes prompt global policymakers to reassess policy trajectories
ECB and Federal Reserve rate increases are leading policymakers worldwide to review their policy paths.
Putin Faces Economic Stress Test as Russia Holds First Wartime Duma Election
Russia's State Duma vote on Sept. 18–20 tests public patience amid a shrinking economy, tax hikes, and fuel crisis, even as United Russia is expected to retain its supermajority.
Federal Reserve releases Beige Book with quarterly US economic snapshots
The Federal Reserve publishes its Beige Book eight times annually, summarizing anecdotal economic conditions across all 12 districts via director reports and expert interviews.
Poverty Rate Was Stable Before Trump’s Safety Net Cuts Gained Force
The poverty rate remained stable prior to the expansion of Trump-era safety net reductions, while median household income reached a record $87,460 in 2025.
Bessent Defends Bond Market Intervention Ahead of Congressional Testimony
The Treasury secretary addressed bond market intervention efforts and proposed $5,000 dividends for Americans if Republicans take control in November.
US Stock Futures Eye Fed Decision as Yields and Oil Prices Rise
US equity futures and markets are focused on the upcoming Federal Reserve policy decision amid rising Treasury yields and climbing oil prices.
Fed Rate-Hike Odds Jump Past 50% After Warsh Jackson Hole Speech
Market pricing shifted sharply after Federal Reserve Chairman Kevin Warsh's keynote, with CME FedWatch showing a nearly 56% chance of a quarter-point increase at the September 16 meeting.
OECD Raises Switzerland Growth Forecast Sharply for 2026
The OECD now expects Swiss GDP to expand 2.0% in 2026, up from a 1.1% June projection, citing strong domestic demand and a resilient chemical and pharma sector.
Swiss Hotel Overnight Stays Fall 2.1% in August as Heat Drives Mountain Traffic
Swiss hotels saw a 2.1% drop in August overnight stays vs. year-ago, BFS data shows, with mountain regions buoyed by heat-seeking domestic travelers while cities falter on weak Gulf and Asian demand.
U.S. Core CPI Rises to 337.77 in August 2026
The Federal Reserve's preferred inflation gauge edged up for a second consecutive month, reflecting continued price pressures after excluding volatile food and energy components.
U.S. Private Sector Adds 16,250 Jobs Weekly Through Late August
ADP Research said the four-week average for private hiring rose to 16,250 jobs through Aug. 29, marking a second consecutive weekly gain.
French industrial output drops unexpectedly in July
Seasonally adjusted production fell 0.4% MoM, contrasting analyst expectations of growth and signaling potential weakness in the second quarter.
China services PMI climbs to 51.4 in August on stronger domestic demand
Private-sector services PMI rose to 51.4 in August, up from 50.4 in July, as firms added staff for a fourth straight month and new business rebounded on stronger domestic demand.
UK Mortgage Rates Expected to Rise as Bond Sell-Off Pushes Swaps to 3-Year High
UK five-year swap rates climbed above 4.52%, their highest since October 2023, as a global bond sell-off driven by oil prices and inflation fears threatens to raise borrowing costs for mortgagors.
Luxury Stocks Fall as China Retail Sales Hit Lowest Since Pandemic
Swatch, Richemont and LVMH shares dropped on Tuesday after Chinese retail sales grew just 0.4% in August, missing forecasts and prompting Barclays to slash its 2025 growth outlook.
China Tightens Outbound Travel Controls Over Technology Security
Beijing enforces new travel-restriction rules targeting citizens who violate export controls or harm national interests abroad, with bans lasting six months to three years.
UK unemployment stays at 4.9% as job vacancies hit decade low
The unemployment rate held at 4.9% in the three months to July, below forecasts, while vacancies fell to 702,000 – the lowest level outside the pandemic for more than ten years.
UK firms shed jobs as wage growth slows to 3.9%
Payrolled employee numbers fell 26,000 in August, while total pay growth eased to a near six-year low. State pension set to rise 3.9% under triple lock.
German self-employed optimism rises fourth straight month
Ifo sentiment index for solo self-employed and micro-enterprises climbed from -22.6 to -19.7 in August, driven by improving expectations despite ongoing challenges.
London shares edge lower as oil rally fuels inflation concerns
London's equity market slipped modestly amid rising oil prices and heightened inflation worries.
Macro calendar: ZEW, ADP, Empire State among key data releases Monday
The German ZEW survey, UK jobs data, French consumer prices, and US ADP and Empire State manufacturing reports round out the Monday schedule.
Trump approval rises from record low as Democrats widen lead
A Reuters/Ipsos poll shows Trump's approval at 35% after a record 33% low, while Democrats lead Republicans 44% to 37% ahead of US midterms.
Canada Seeks C$1 Trillion in Foreign Investment as US Tariff Threat Looms
PM Mark Carney hosts an investor summit targeting 160+ projects in mining, energy, tech and infrastructure, aiming to offset 50% US tariff threats with C$1 trillion in five-year inflows.
China inflation accelerates to 0.8% in August, above expectations
Chinese consumer prices rose 0.8% year-on-year in August, meeting forecasts, while monthly growth of 0.4% beat analyst expectations of 0.3%.
US Treasury par yield curve rates updated for January and February 2026
The Treasury's Daily Treasury Par Yield Curve rates for 2026 show 10-year yields from 4.15% to 4.30% and 30-year yields from 4.79% to 4.91% across January and February.
London shares inch lower as oil rally fuels inflation concerns
London equities slipped modestly as higher oil prices heightened inflation worries.
Irish services sector expands at fastest pace since November
AIB/S&P Global data showed Ireland's services output rose to 55.4 in August, the strongest gain since November 2025, with demand, backlogs and sentiment improving.
US Housing Market Data Releases Set for Thursday Morning
August housing starts and pending home sales figures will be published Thursday, according to scheduled economic calendar listings.
U.S. inflation data remains pivotal for upcoming Federal Reserve rate decisions after surprise hiring jump
U.S. inflation data is viewed as pivotal for upcoming Federal Reserve rate decisions after a surprise jump in hiring.
Trump criticizes Ukrainian attacks on Russian diesel infrastructure, says they hurt global economy
Former President Donald Trump said Ukrainian strikes on Russian diesel facilities are damaging the global economy.
Discussion Raised Over Ireland's Impact on Eurozone GDP Accuracy
Analysts are debating whether Ireland's economic output distorts headline Eurozone GDP figures, raising questions about the reliability of regional macro data.
Fed Survey: Inflation Expectations Ease, Unemployment Woes Deepen
The New York Fed's August consumer survey shows three-year inflation expectations slipping to 3.2%, while the probability of rising unemployment hit a post-April 2020 high of 44.4%, signaling deteriorating labor-market sentiment.
US Treasury Yields Dip Before Key Inflation Data and FOMC Meeting
US Treasury yields fell slightly as investors position ahead of August consumer inflation data releases and an upcoming Federal Open Market Committee meeting.
HSBC says risk assets shrug off negative catalysts as market strength remains 'breathtaking'
HSBC strategist Max Kettner attributes continued equity and bond rally to earnings resilience, wealth effects and ample central‑bank support, while warning that U.S. risks could end the run.
US-Canada trade war escalates as US stocks and futures slide alongside rising oil
Escalating trade tensions between the United States and Canada coincide with declining US stock futures and higher oil prices.
Swiss parliament criticises F-35 procurement overrun, cites government failure
The National Council’s oversight commission said no fixed price was agreed with the United States and criticised the defence ministry’s negotiation process, after a CHF 400 million cost overrun forced a reduction in jet numbers.
Ukrainian central bank sees inflation near 10% in 2026 on Russian attacks
The Ukrainian central bank expects attacks and the Black Sea blockade to add 0.4-0.6 percentage points to this year's inflation and leave it around 10% by end-2026.
Canada Explores Closer EU Ties Amid Worsening US Relations
Canadian PM Mark Carney is examining an associated EU partnership, seeking deeper cooperation in energy, AI, defence and critical minerals as a counterweight to escalating trade tensions with Washington.
U.S. Bond Yields Approach 5% Milestone as Debt Tops $40 Trillion
The 10-year Treasury yield nears 5% for the first time in nearly two decades, while U.S. government debt surpasses $40 trillion and real rates climb to fresh highs.
Swiss favor capital-and-annuity blend for retirement, study finds
A sixth survey by Lucerne University shows half of respondents prefer mixing lump-sum payouts and annuities, while only 60% income replacement falls short of what most deem adequate.
Diesel Approaches $6 While Gasoline Sets Labor Day Record
Diesel prices are nearing $6.00 per gallon, up from an earlier $5.80 target, as gasoline averaged $4.14 for the Labor Day weekend, surpassing the 2012 record of $3.82 amid crude oil trading near $90 a barrel.
China's August Exports Jump 25%, Trade Surplus Hits $119.1 Billion
China's trade surplus swelled as exports rose 25% year-on-year, driven by auto and AI shipments, while imports grew 28.2% — slightly behind forecasts.
UK Budget Faces Oil Shock, Gilt Sell-Off and Trump Policy Headwinds
Healey’s October budget may be constrained by higher borrowing costs, an oil-price spike and fiscal headroom that could shrink if the OBR uses current market conditions.
Kanada setzt Gegenzölle auf US-Stahl, Aluminium und andere Importe ab 8. September
Kanada führt ab Dienstag Gegenzölle im Wert von bis zu 27,6 Mrd. USD auf US-Importe ein, nachdem die USA zuvor 20 Mrd. USD kanadischer Waren mit Strafzöllen belegt hatten.
Economic Calendar: Germany, France, U.S. Trade Data on Sept. 8
Germany and France release July trade balance figures, while the U.S. reports consumer credit and China posts its August trade surplus data.
Swiss Economic Calendar: Key Events Sep 8-15
Federal bond results, BFS inflation and hotel data, Repower and Sandoz updates top a Swiss week packed with earnings and policy releases.
AI Boom Creates Next Bottleneck: Energy Demand Surges
New AI data centers require gigawatts of power, sparking a global race for electricity supplies and pushing energy stocks into focus.
Robust US payrolls data reinforces rate‑hike expectations, prompting gold to ease while markets await inflation prints
Strong US jobs numbers have bolstered expectations of further Federal Reserve rate hikes, pushing gold lower as investors await upcoming inflation data.
Robust US payrolls data reinforces expectations for higher rates, impacting gold ahead of inflation data
Strong US payrolls data has heightened expectations for higher interest rates, influencing gold as the market awaits upcoming US inflation figures.
US stocks fall after hot jobs report
US equities declined after a stronger‑than‑expected employment report raised expectations for Federal Reserve rate moves.
Eurostat: Eurozone Q2 GDP rises 0.6%, employment up 0.1%
Eurostat's second estimate shows euro-area growth accelerating from a flat first quarter, with exports and household spending offsetting inventory declines.
Goldman Sachs and Deutsche Bank Offer Credit Baskets on French Election Outcome
Banks are marketing AT1 bond baskets and total-return swaps tied to France's April presidential vote, as political risk and a budget deficit above 5% weigh on French credit spreads.
Markets prepare for US inflation data after mixed Asian session, tech rally
Global markets are looking ahead to upcoming US inflation figures, following a day of varied performance in Asian equities and strength in technology shares.
BLS revises NY employment up, Buffalo job growth weaker
Preliminary BLS employment data indicates an upward revision to New York statewide employment, while Buffalo job growth appears weaker than earlier estimates.
US manufacturing employment rises to 12,638 in August 2026
FRED data from the Bureau of Labor Statistics show seasonally adjusted manufacturing payrolls increased from 12,622 in July to 12,638 in August 2026.
UBS forecasts two US Federal Reserve rate hikes in 2026 following a strong jobs report
UBS forecasts two US Federal Reserve rate hikes in 2026 after a strong jobs report.
SNB Foreign-Currency Reserves Rise to CHF 770.1 Billion in August as Growth Slows
The Swiss National Bank reported that its foreign-currency reserves increased to CHF 770.1 billion in August, up CHF 1.9 billion from July, marking the third straight monthly gain but showing a slowdown after a larger summer surge. Gold holdings also rose sharply, while official reserve assets excluding gold edged higher.
AI data centres spur energy demand as DAX falls below 26,000
Middle‑East tensions, higher oil prices and rising rate worries pushed European markets lower on Tuesday, while analysts warn that AI‑driven power needs could create new opportunities for energy firms.
Bond Sell-Off Deepens as US-Iran Tensions Fuel Inflation Fears
UK 10-year gilt yields surge to their highest since mid-2008 as renewed Middle East fighting pushes oil toward $95 and raises the cost of sovereign borrowing worldwide.
Why the Dollar’s Stagnation Signals a Turning Point for USD/JPY
The dollar’s pause amid rising food‑energy inflation and a shrinking yield gap with Japan could reshape risk sentiment ahead of the US jobs report.
ECB raises key rates by 25 basis points as inflation risks remain elevated
The ECB lifted its three key rates by 25 basis points, citing Middle East conflict-driven energy inflation. Staff projections keep inflation above target until 2027 while growth is revised up.
US August jobs beat forecasts, unemployment steady at 4.1%; oil explorer stocks slide on Argentina sanctions threat
Nonfarm payrolls rose by 162,000 in August, far above the 56,000 estimate, while the unemployment rate held at 4.1%. Shares of Falklands oil firms fell after Argentina warned of sanctions.
US Jobs Report Preview: Potential Impact on Fed Rate Decision
Investing.com analysts expect the August NFP to show 55K jobs, 0.3% earnings growth and 4.1% unemployment, with leading indicators pointing to 75‑125K jobs, influencing a roughly 60% chance of a Fed hike.
EUR/USD poised for range break as ECB decision and US inflation data loom
The pair trades in a tight band ahead of Thursday’s ECB rate announcement and Friday’s US CPI and PPI releases, with technical levels and rate‑path expectations shaping market outlook.
USD/JPY weekly outlook: CPI, payrolls shape Fed hike odds after sharp slide
USD/JPY posted its biggest weekly loss since July amid dovish Fed comments and suspected BOJ intervention; strong August payrolls revived September hike bets, with CPI and PPI set to guide the pair.
U.S. 10-year Treasury yield spikes to 4.823% after strong August payrolls
The 10-year yield rose to 4.823% after the Labor Department reported 162,000 jobs in August, far above expectations, while Fed officials signaled a possible pause in rate hikes.
Dollar firms on strong US jobs data as yen posts best week since July
US non‑farm payrolls added 162,000 jobs, boosting the dollar index to 99.18 and 2‑year yields to 4.38%, while the yen rose to a one‑month high of 155.30.
Job market outlook for 2035 shows rise in nurses, decline in secretaries
A projection suggests the 2035 employment landscape will feature increased demand for nurses and reduced demand for secretaries.
Robust Hiring Reinforces Strength of the U.S. Economy
Employers added 162,000 jobs and unemployment held at 4.1% last month, suggesting stability despite high inflation.
China’s new graduates face a dire job market and AI challenges
A record 12.7 million recent graduates in China are seeking employment as AI adoption reshapes the labor market.
Swiss unemployment stable as short‑time work declines
Unemployment held at 3.0% in August while youth joblessness rose seasonally; short‑time work fell 16% from April to May, signaling a resilient labour market.
UN warns AI development could threaten humanity's existence
UN Secretary‑General Antonio Guterres and Pope Leo join tech leaders in warning that rapid AI growth, led by firms such as OpenAI and Google, may outpace regulation and pose existential risks.
Record heat drives up food prices in Austria, central bank says
The Austrian National Bank warns that unusually hot and dry weather is lifting prices for fruits, vegetables, dairy, eggs and beer, adding about 0.1 percentage point to inflation forecasts.
Eurozone Q2 GDP revised to 0.6% QoQ, outpacing US 0.4% growth
Eurostat lifted the euro area’s second‑quarter GDP growth to 0.6% from 0.4%, driven by a 10.2% surge in Ireland, while the United States posted 0.4% growth. Spain, Germany and Italy also posted modest gains.
Sentix eurozone confidence index rises to +5.1 in September, highest since Feb 2022
Sentix's September survey showed the eurozone business climate index jumped 4.2 points to +5.1, marking a fifth straight monthly gain and beating forecasts for a modest rise.
Bitcoin drops 2.2% to $79,800 as Fed hike odds rise
Bitcoin fell to $79,802, ending a three‑week winning streak, while traders lifted the probability of a September rate hike to about 58% after a strong jobs report and stubborn inflation.
Bitcoin’s $80K Rally Is Forcing a Race for Institutional Infrastructure
The price surge is less a fiscal hedge than a pressure test for regulated products, clearing houses, and custodial standards that institutions demand.
Europe's sovereign yields diverge as France and Germany face higher deficits
Ten‑year bond yields in France and Germany are nearing 2007 highs, while Spain and Italy remain below 2023 peaks, reflecting differing fiscal outlooks across the euro area.
Why the BoC’s Inflation Warning Could Signal a Longer‑Term Looney Upswing
The Bank of Canada’s recent inflation caution may be more than a headline – it hints at tighter policy ahead, while U.S. rate moves and commodity trends set the stage for a measured CAD rally.
Moody's downgrades Senegal to Caa2 as default risk rises
Moody's cuts Senegal's long‑term foreign and local currency ratings to Caa2, keeps a negative outlook and lowers country ceilings amid rising financing needs and fiscal strain.
Why the Canadian Dollar’s One‑Week High Signals More Than a Temporary Bounce
The loonie’s modest rise on BoC’s inflation warning reflects a deeper policy divergence and commodity backdrop that could reshape its medium‑term trajectory.
UK Debt Management Office to auction £5bn of 4⅝% Treasury Gilt 2030 on Sep 10
The UK DMO will sell £5bn of 4⅝% Treasury Gilt 2030 in a one‑hour auction on Sep 10, with settlement on Sep 11 and a post‑auction option for up to 25% additional allocation.
U.S. services sector growth accelerates as ISM non-manufacturing PMI beats forecasts
ISM non-manufacturing PMI rose to 55.4 in August, exceeding expectations and signaling expansion in the U.S. services sector for the 12th straight month.
U.S. services PMI slips to 56.5, misses forecast as growth slows
The ISM services index fell short of expectations in September, with the PMI declining to 56.5 from 54.6 a month earlier. A reading above 50 still signals expansion.
Canada’s services PMI falls to six-month low amid trade tensions
The decline in Canada’s services PMI reflects growing trade-related pressures, though further details were not immediately available.
Germany's services sector contracts in August as costs weigh
S&P Global PMI shows slight decline to 49.7, while composite measure rises to 51.8 amid mixed signals in demand and hiring. Cost pressures remain a key constraint.
France services activity contracts faster in August amid weak demand
The latest data indicates a sharper decline in French services sector activity during August.
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.
Rising Rates Are Turning CFD Financing Into a Hidden Tax on Retail Traders
Central‑bank rate hikes are inflating overnight CFD financing costs, eroding returns for retail investors and prompting a rethink of long‑term positions.
AI’s New Bottleneck Could Tilt the Euro‑Dollar Balance Toward the Dollar
Citi’s warning that data‑movement, not raw compute, now limits AI growth may spark a fresh wave of US capex, strengthening the dollar and pressuring the euro.
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.
US private payrolls rise by 38,000 in August, weakest since January
ADP survey shows private hiring slowed sharply last month, missing forecasts as industries including manufacturing and information cut jobs. Government jobs report due Friday expected to show modest gains.
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.
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.
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.
Why the $80k Bitcoin Surge Is a Fiscal Hedge, Not a Fundamentals Rally
The recent climb to $80,000 reflects investors hedging U.S. fiscal risk, but without on‑chain strength the rally may be fleeting.
RBNZ’s Cautious Tone Signals a Longer‑Term Test for the Kiwi
A 25‑basis‑point hike to 2.75% couldn’t stop the NZD’s 1% slide – the RBNZ’s softer outlook may reshape the kiwi’s path amid a strong dollar and rising oil.
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.
OPEC+ Is Losing Its Grip: Why the Cartel’s Decline Redefines the Oil Market
China’s pullback and the Iran conflict are chipping away at OPEC+’s market share, ushering a more volatile, market‑driven oil regime that will echo across commodities.
Institutions Must Navigate Both Regulators and Middle East Turbulence to Keep Bitcoin Exposure Viable
Bitcoin hovers near $80,000 as U.S. regulators tighten scrutiny and Middle East tensions flare, forcing investors to balance hedge potential against escalating policy risk.
Jackson Hole Looms, Won Rises: Why the Dollar’s Calm May Be Anything but
The dollar’s steady march ahead of Fed Chair Warsh’s Jackson Hole speech masks a brewing divergence with Asia, as Korea’s rate hike lifts the won and reshapes risk‑on dynamics.
India report warns higher food inflation may curb non‑food spending
The government's August monthly economic report says rising food prices could limit household expenditure on discretionary items, while noting uncertainty from an intensifying El Niño and monitoring bond‑market risks.
Brazil's gross debt rises to 82.5% of GDP in July
Gross public debt increased to 82.5% of GDP in July from 81.9% in June, exceeding market expectations. Primary surplus fell short of forecasts amid state deficits.
Greece's unemployment falls to 7.9% in July, ELSTAT reports
ELSTAT said the seasonally adjusted jobless rate dropped to 7.9% in July from 8.1% in June, with 376,508 people unemployed. Female unemployment stood at 10.4%, male at 5.9%.
Czech government targets 2027 deficit of 389 billion crowns
Finance Minister Alena Schillerova said the 2027 central government budget will run a 389 billion‑crown deficit, up from 310 billion crowns planned for this year, while meeting NATO's 2% defence spending floor.
Polymarket prepares for misconduct scrutiny ahead of US midterms
The intelligence chief highlights potential integrity risks for prediction markets as the US midterm elections approach.
China's manufacturing PMI edges up but services slump signals uneven recovery
Official factory activity improved slightly in August, yet a persistent decline in services underscores weak domestic demand and a patchy rebound in the world's second-largest economy.
Why the Gold Surge Is a Warning Sign for the Whole Commodity Complex
Rising US yields and fiscal strain are pushing investors into gold, but the rally may signal deeper risk‑off pressures across energy and metals.
Why Bitcoin’s Supply Wall Near $80K Could Be the Next Institutional Stress Test
As Bitcoin edges toward a historic supply cluster, the price rally may hinge less on macro headlines and more on how institutions navigate a thin on‑chain liquidity zone.
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.
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.
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. 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.
Australia’s Investment Slump Signals a Softening AUD – Why the Greenback May Gain Ground
A 3.6% drop in Q2 business investment and a 53% plunge in IT equipment spending raise questions about the AUD’s near‑term outlook and could tilt risk‑on sentiment toward the dollar.
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.
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.
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.
Why Chasing Bitcoin’s 2029 $300K Target Is a Dangerous Distraction for Institutions
Bernstein’s lofty forecasts sound enticing, but betting on a $300,000 Bitcoin price in 2029 could skew risk management and obscure real on‑chain fundamentals.
Why the Dollar’s Upcoming PCE Test Could Unsettle the Yield Curve—and What It Means for Euro‑Dollar
As core PCE looms, a retreat in long‑dated yields signals a fragile dollar rally; I argue the data will reshape expectations for Fed policy and the EUR/USD trajectory.
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.
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.
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.
Why the Bitcoin Rally’s Real Test Is Coming From the Futures Market, Not the Fed
As Bitcoin hovers near $80,000, the next decisive move will likely be driven by institutional futures positioning rather than headline macro news.
Why the Euro’s Three‑Month High May Be a Mirage Amid Dollar Weakness
The euro’s climb to 1.1682 looks impressive, but I argue it rests on a temporary US dollar wobble rather than a durable shift in monetary fundamentals.
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.
AI Crackdown in Alabama Sends Ripple Through Forex Risk Appetite
The reported Alabama investigation into OpenAI and the resulting reported pause in model development are injecting fresh regulatory risk into markets, nudging safe-haven currencies and reshaping carry-trade dynamics.
Canada factory sales seen down 0.2% in July - Statscan flash estimate
Manufacturing output likely declined as chemical and fabricated metal sectors weighed on activity, according to Statistics Canada's advance estimate.
Why the EUR/NZD Correction May Signal a Wider Euro Weakness Cycle
The technical dip in EUR/NZD is more than a chart pattern – it reflects the ECB’s easing path, the RBNZ’s tightening and a shifting risk appetite.
Germany's social spending hits record as aging population drives costs
Social budget surged 11.5% between 2019-2025, with over 70% of outlays tied to elderly care and illness. Ifo Institute warns demographic trends will keep pressure on public finances.
China’s netizens criticize professor over gig work remarks
Public backlash follows comments suggesting gig work functions as welfare.
Why the Dollar’s Three‑Month Lull Is a False Calm for Asian FX
The greenback’s near‑mid‑May lows have left Asian currencies perched on a knife‑edge, with policy divergences and trade frictions shaping the next move.
Japan’s Trade Gap Shrink Signals a Subtle Shift for the Yen
A 23% export surge helped narrow Japan’s July trade deficit, but the impact on the yen and BOJ policy is more nuanced than a simple rally.
Japan factory activity accelerates in August as chip, AI demand fuels orders
Japan’s manufacturing PMI rose to 55.1 in August, the fastest expansion in over eight years, driven by semiconductor and AI-related orders. Services and composite PMIs also strengthened, while cost pressures eased slightly.
U.S. services sector drives faster business activity, S&P Global PMI shows
U.S. services PMI rose to 56.8 in August, the highest since December 2024, while the composite index hit 56.0, the strongest since April 2022. Manufacturing PMI fell to a five-month low of 53.2.
U.S. services activity accelerates to 20-month high in August: S&P Global
Services PMI rose to 56.8, the fastest since late 2024, while manufacturing slowed to 53.2. Composite index climbed to 56.0, signaling broad-based expansion ahead of the third quarter.
Germany’s manufacturing PMI hits 51-month high in August flash data
Factory activity in Germany surged to its strongest level since mid-2022, offsetting a fifth straight monthly decline in services as the economy shows uneven momentum.
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.
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.
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.
German business activity expands modestly in August, PMI shows
Manufacturing rebound offsets services slowdown as composite PMI falls to 51.0, remaining above the growth threshold. Economists had expected no change from July.
Hormuz Tensions Reset the FX Carry‑Trade Landscape
Escalating US‑Iran friction and a near‑halt in Strait of Hormuz oil flows are reshaping risk sentiment, reviving safe‑haven funding currencies and forcing a rethink of high‑yield carry trades.
China to bolster slowing economy with further fiscal measures
Vice Finance Minister Liao Min outlines plans to accelerate budgeted infrastructure spending and deepen tax reforms. Central bank maintains accommodative stance without signaling rate cuts.
Global economic calendar for Aug 21, 2026: PMI, retail sales and business surveys
Key economic releases include S&P Global PMIs for the euro zone, U.S. and U.K., plus German retail sales and French business sentiment. Borussia Dortmund reports preliminary FY25/26 figures.
Trump denies directing bond market intervention
The former president stated he did not instruct an aide to influence U.S. Treasury yields.
UK consumer confidence hits two-year high in August: GfK
GfK’s index rose to -14 from -17 in July, beating economist forecasts of -18. All but one sub-index improved, with major purchase sentiment at its highest since late 2021.
Poland's corporate wages rise 6.8% in July, outpace forecasts
Average corporate wages in Poland increased 6.8% year-on-year to 9,509.02 zlotys, exceeding expectations, while employment fell 0.8% amid mixed labor market signals.
U.S. services PMI jumps to 56.8, far above forecasts
Markit’s latest survey shows the U.S. service sector expanded at the fastest pace since early 2024, outpacing expectations as business activity and demand strengthened.
UK consumer confidence rises to highest since Iran conflict start, survey shows
Consumer sentiment improves for third straight month, offering a boost to Prime Minister Andy Burnham’s government. Brent crude edges higher on geopolitical tensions.
France private sector activity contracts faster in August
The latest data indicates a sharper decline in France's private sector activity for August.
UK posts unexpected budget deficit in July as spending rises
Public sector net borrowing exceeded forecasts for July amid higher-than-anticipated government spending.
India's private sector growth accelerates in August as services rebound
HSBC's composite PMI rose to 54.6, driven by a pickup in services activity, while manufacturing growth slowed to a five-year low. Employment gains remained concentrated in services, with factory hiring declining.
Swiss poll shows 12-point lead for rejection of neutrality initiative
Survey by gfs.bern for SRG finds 54% opposed to neutrality proposal, with strongest support from SVP voters. Regional and demographic divides highlighted.
Japan's July exports rise 23.2% y/y, trade deficit widens to $4.01bn
Exports grew for an 11th straight month, outpacing forecasts, while imports surged 27.8% and the trade gap expanded to 634.5 billion yen.
Latin America growth seen slowing to 2.2% in 2026: UN agency
ECLAC revises down 2026 GDP forecast to 2.2% from 2.3%, citing a more challenging global backdrop. Region expected to log five straight years of ~2.3% average expansion by 2027.
Europe accelerates funding for cutting-edge startups amid investment gap
Governments seek to bridge a nearly $1 trillion funding shortfall by supporting innovative businesses.
U.S. Rare‑Earth Funding in Africa: A Token Gesture or Real Supply‑Chain Shift?
The Development Finance Corporation’s $62.8 million pledge to African rare‑earth projects sounds like a strategic win, but private‑sector hesitation suggests the road to a diversified market is still steep.
India’s infrastructure output growth slows to 5.4% in July
India’s infrastructure output rose 5.4% year-on-year in July, down from 6% in June, as iron ore and electricity production moderated. The expansion reflects a revised series with 2022-23 as the base year.
Rising Funding Rates Turn CFD Longs Into Costly Bets
As central banks keep pushing rates higher, the financing charges on leveraged CFD longs are eroding returns and forcing traders to rethink risk management.
UK statistics office raises 2023 and 2024 growth estimates
The UK's official statistics body has upwardly revised its estimates for economic growth in 2023 and 2024.
ECB's Lagarde warns Europe's post-war growth model is eroding
ECB President Christine Lagarde highlights the weakening of Europe's three historical growth pillars—global trade, mid-tech manufacturing, and a stable rules-based order—while outlining domestic resilience and policy responses.
China youth unemployment rises to 17.9% in July, highest in 11 months
Urban youth jobless rate climbs to 17.9% amid persistent labor market pressures, while broader unemployment trends show mixed signals across age groups.
Iceland to vote on EU accession talks amid Montenegro parallel track
Referendum on restarting EU membership negotiations may influence bloc's enlargement strategy and Montenegro's 2028 accession prospects. Polls show deadlock among Icelandic voters.
Why the Swiss Franc Is Poised to Re‑Emerge as the Go‑To Funding Currency
After a rare yen intervention, traders are eyeing the franc’s zero‑rate environment as the next cheap carry, a shift that could reshape EUR/CHF and USD/CHF dynamics.
UK pay awards fall to 10-month low as employers tighten budgets
Median pay rise drops to 3.2% in three months to July, with 71% of settlements between 2% and 3.99%. Brightmine data shows 35% of awards lower than last year.
U.S. appeals court upholds limits on immigration enforcement at houses of worship
Fourth Circuit panel rules Trump-era policy likely violates Religious Freedom Restoration Act; eight faith-based sites protected from enforcement actions.
24/7 Equity CFDs Turn News Cycles Into Retail Minefields
Retail traders now face a nonstop barrage of macro news that can swing CFD prices while the underlying market sleeps, raising hidden volatility and risk‑management challenges.
U.S. and India fuel exporters profit amid wartime supply uncertainty
Fuel exporters in the U.S. and India have seen increased earnings as global supply disruptions persist.
U.S. pending home sales fall 2.3% in July, missing expectations
Contract signings dropped for a second straight month as higher mortgage rates and limited inventory weighed on buyer activity, data from the National Association of Realtors showed.
U.S. building permits rise 5% in latest data, reversing prior slump
Permits for new residential construction jumped to a 5% gain, sharply rebounding from a 2.6% decline and signaling stronger momentum in the housing sector.
U.S. private payrolls rise by 9,500 weekly in early August: ADP
Weekly private-sector hiring rebounded to 9,500 jobs in the four weeks to Aug. 1, reversing seven straight weeks of declines, ADP data shows.
UK Sells £4 Billion of 10-Year Gilts at 5.156% Yield
The United Kingdom has issued £4 billion in 10-year government bonds, achieving a yield of 5.156%.
German Investor Morale Beats Expectations in August, ZEW Survey Shows
Economic sentiment in Germany improved more than anticipated in August, according to the latest ZEW economic research institute survey.
Bitcoin Pauses at $64,000 as Equities Slip on Yields and Oil
Bitcoin eased 0.6% alongside declining equity futures as markets awaited the Federal Reserve's meeting minutes and a White House crypto summit.
German Investor Sentiment Exceeds Forecasts in August
Economic sentiment among investors in Germany improved more than anticipated in August, according to survey data.
US Debt Expansion Prompts Investors to Demand Higher Yields
Rising United States debt levels are leading investors to demand higher returns for purchasing government debt.
Azerbaijan Raises 2026 Inflation Forecast to 5.7%
Azerbaijan's authorities have revised their consumer price growth projection upward for 2026, setting the new inflation forecast at 5.7%.
Bank of England Expected to Hold Rates for Remainder of Year, Reuters Poll Shows
A recent Reuters poll indicates the Bank of England is likely to maintain interest rates through the rest of the year despite ongoing inflation risks.
Canadian Home Sales Rise for Fourth Consecutive Month in July
Canadian housing market activity expands further as home sales record their fourth straight month of gains in July.
Wolfe Research Survey Shows Modest Investor Optimism Despite Macro Concerns
A recent survey by Wolfe Research indicates lingering optimism among investors even as broader macroeconomic headwinds persist.
Macau Aims for 60% Non-Gaming GDP Share by 2030
The special administrative region has outlined a target to derive 60% of its gross domestic product from non-gaming sectors by the end of the decade.
German ZEW Economic Sentiment Rises Unexpectedly Despite Lower Water Levels
Financial experts express increased optimism regarding Germany's economic outlook despite new burdens from low river water levels.
German Economic Sentiment Rises Despite Low Water Levels
Financial experts express increased optimism regarding the German economy, despite ongoing economic strains caused by persistent low water levels.
Swiss Unemployment Rate Eases Slightly in Quarterly Comparison
Switzerland's labor market has seen a slight easing recently, according to quarterly comparisons.
Markets Monitor Mideast Tensions as Canada Faces New U.S. Tariffs
Global markets track escalating geopolitical risks in the Middle East alongside trade developments involving new U.S. tariffs on Canada.
Bitcoin holds $64,000 as surging yields and oil pressure risk assets
Bitcoin maintained its range near $64,000 even as rising oil prices and surging 30-year Treasury yields weighed on broader risk appetite.
Bond Markets Sell Off Globally on Inflation and Fiscal Concerns
Global bond markets experienced a broad sell-off spanning from the United States to Japan as persistent inflation and fiscal concerns weighed on investor sentiment.
China Grapples With Economic Legacy of Reformer Zhu Rongji
Beijing marks the passing and legacy of former premier Zhu Rongji, renowned for his sweeping market-oriented reforms during the 1990s.
German 10-Year Yield Hits Highest Since 2011 Amid Global Bond Sell-Off
Germany's 10-year sovereign bond yield surged to its highest level since 2011 as a broader international debt sell-off escalated.
US 30-Year Treasury Yields Hit Highest Level Since 2007 Amid War and Oil Concerns
Yields on 30-year US Treasury bonds climbed to their highest levels since 2007, driven by persistent geopolitical tensions and rising energy prices.
UK Grocery Inflation Eases Further, Kantar Worldpanel Reports
British grocery price inflation has declined further, according to the latest data from market research firm Worldpanel.
UK Wage Growth Steady at 3.5% Amid Labor Market Slowdown
British wage growth held steady at 3.5%, reflecting a broader cooling in the nation's labor market.
Bond Yields Retreat as Global Markets Adjust
Global bond yields drifted lower in early trading, drawing attention from fixed-income investors as markets reassessed the macroeconomic outlook.
US Government Intervenes in Markets via Equity Stakes and Pricing Incentives
Under President Donald Trump, the US government is utilizing corporate equity stakes, pricing incentives, and market access controls to secure its influence.
Climate Damage Poses Mounting Threat to European Public Finances
Escalating climate-related losses present a growing fiscal risk for European governments, potentially straining public finances.
Bond Investors Push Back as Iran Threatens Escalation
Global bond markets face renewed pressure as geopolitical tensions rise following Iranian threats of a fully offensive military posture.
International Economic Calendar for August 18, 2026
Overview of key international financial and economic data releases scheduled for August 18, 2026.
Swiss Economic Calendar: August 18 to August 25, 2026
An overview of key economic and financial events scheduled in Switzerland for the week of August 18 through August 25, 2026.
Asian Equities Decline Amid Renewed Oil and Bond Yield Inflation Pressures
Asian stock markets retreated as rising oil prices and higher bond yields rekindled investor concerns regarding persistent inflation.
Pending Home Sales and Building Permits Head Tuesday Economic Docket
Markets look to upcoming housing data releases on Tuesday for further insight into the trajectory of the broader economy.
China July Retail Sales Growth Slows to 0.6% Amid Weak Demand
China's retail sales growth decelerated to 0.6% in July, drawing analysis from Macquarie analysts on broader economic conditions.
Federal Reserve Policy Stance Remains Accommodative, Paper Suggests
A recent research paper indicates that a specific neutral rate estimate points to an ongoing accommodative stance by the Federal Reserve.
US Midterm Election Betting Surpasses 2024 Congressional Total
Wagering volumes on upcoming US midterm elections have already exceeded the total recorded for the 2024 congressional races, according to recent market data.
Economists See No Near-Term US Rate Hikes Amid Cooling Labor Market
Economists expect the Federal Reserve to hold off on interest rate hikes following negative US labor market data and a slight easing of inflation.
Greece plans early repayment of €13 billion in debt by year-end
Athens intends to settle billions in financial obligations ahead of schedule before the end of the year, according to local reports.
Zambian President Hichilema Aims to Leverage Debt Recovery for Growth
Zambian President Hakainde Hichilema is pursuing strategies to convert national debt recovery efforts into broader economic expansion.
US homebuilder confidence rises to 35 in August: NAHB
Index increases by 1 point from July, signaling slight improvement in housing market conditions amid mixed demand signals.
Why Canada’s Inflation Surprise Is a Double‑Edged Sword for the Loonie
The latest CPI beat forces the Bank of Canada onto a tighter path, but higher rates could also dampen growth and reignite USD‑CAD volatility.
Singapore exports jump 40.6% in July on electronics rebound
Electronics shipments drive Singapore’s non-oil domestic exports to the fastest growth in over a year, defying regional trade headwinds.
China’s premier urges support for external demand amid growth slowdown
Premier Li Qiang highlights risks to export-driven sectors as China's growth momentum weakens, calling for measures to stabilize foreign trade.
Brazil's Q2 GDP growth slows to 0.6%, central bank index shows
Modest expansion follows 1.4% growth in Q1 as Brazil's economy shows signs of cooling. Central bank data highlights mixed sectoral performance.
China’s economy slows further in July, data show
Factory activity declines and retail sales growth cools, underscoring persistent weakness in the world’s second-largest economy.
Empire State Manufacturing Index jumps to 21.9 in September
New York Fed survey shows factory activity expansion, beating forecasts as orders and shipments rebound sharply.
China’s Premier Li urges support for stabilizing external demand
Premier Li Qiang highlights risks to global trade and calls for measures to bolster overseas demand amid economic headwinds.
US Treasuries decline following fade of retail sales-driven rally
Yields and prices adjusted as the initial market momentum generated by stronger retail sales data dissipated.
FX Outlook: Markets Weigh Changing Conditions for Goldilocks Economy
Foreign exchange markets assess shifting economic dynamics as the favorable conditions supporting the global growth outlook begin to moderate.
Japan Q2 GDP Contracts More Than Expected Amid Sluggish Capex and Spending
Japan's economic output declined in the second quarter, missing expectations as capital expenditure and private consumption slowed.
China's Industrial Output Slows in July as Retail Sales Miss Forecasts
Official data shows China's industrial production growth slowed in July while retail sales fell short of analyst expectations.
US Dollar Momentum Stretched Following Recent Downward Data Surprises
Market participants evaluate the trajectory of the US dollar as recent softer economic data influences underlying momentum indicators.
U.S. Reportedly Held Direct Negotiations With Iran’s IRGC in May
Washington and Iran's Islamic Revolutionary Guard Corps reportedly engaged in direct talks in May.
Chicago Fed's Goolsbee Cites Improvement in Recent Inflation Data
Chicago Federal Reserve President Austan Goolsbee noted that recent economic data shows a positive trend regarding inflation.
NY Empire State Manufacturing Index Highlights Monday Economic Data
Markets look ahead to the release of the New York Empire State Manufacturing Index and other key economic indicators on Monday.
Taiwan President: Record Defence Spending Is Investment in Peace
Taiwan's president defended the government's record-high military budget, describing the increased funding as a necessary investment in regional stability.
China's July Industrial Output Rises 4.5% As Retail Sales Inch Up 0.6%
China reports July industrial output grew 4.5% year-on-year, while retail sales posted a modest 0.6% increase.
Brazil’s Major Banks Curtail Riskier Lending Amid Rising Household Debt
Brazil's large financial institutions are pulling back on high-risk lending as consumer debt pressures mount across the country.
Crypto Week Ahead: USDC Updates, FOMC Minutes and Oil Focus
A look at key market catalysts for the week starting August 17, including the Coinbase-Circle USDC collaboration, upcoming FOMC minutes, and oil price trends.
Canada’s July Annual Inflation Accelerates to 3% on Gasoline Rebound
Canada's annual inflation rate rose to 3% in July, driven primarily by a rebound in gasoline prices.
Euro Zone Bond Yields Rise Amid US-Iran Standoff
European government bond yields ticked higher as escalating geopolitical tensions between the United States and Iran influenced market sentiment.
Morning Bid: Consumer Data Threatens Fed Cuts as Japan Weighs Hikes
Global markets eye upcoming U.S. consumer data that could keep the Federal Reserve on hold, alongside potential policy tightening in Japan.
Goldman Sachs Forecasts Continued Weakness in China Retail Sales Growth
Goldman Sachs projects that retail sales growth in China will remain subdued moving forward.
Why Asia’s Midnight Surge in Bitcoin Matters More Than the $64k Milestone
A $64,000 Bitcoin price spike in Asian trading isn’t just a headline—it reveals shifting liquidity, regulatory nuance, and a new institutional entry point.
US Pressures EU to Deliver on Non-Tariff Trade Commitments
Washington has increased pressure on the European Union to fulfill its pending non-tariff trade commitments.
ECB Blog Warns of Potential Artificial Intelligence Market Correction
A recent European Central Bank blog post indicates that financial markets could face a correction driven by artificial intelligence valuations.
US Retail Sales Drop for First Time in Nine Months
United States retail sales registered a decline for the first time in nine months, according to economic data.
ECB's Lane Discusses Defence Spending and Euro Area Economy
European Central Bank official Philip R. Lane addresses the economic implications of rising defence spending in the euro area.
Five Key Factors to Watch in Global Markets This Week
Investors prepare for a busy week ahead as markets monitor critical economic indicators, policy updates, and corporate developments.
US Business Inventories Stall, Highlighting Softening Demand
Recent data shows US business inventories stalling, a development that points to potential concerns regarding forward economic demand.
Federal Reserve Rate Hike Bets Ease as Markets Await Retail Earnings
Expectations for an imminent Federal Reserve interest rate hike are fading as investors prepare for upcoming major retail earnings reports.
German Bund Yields Hold Near Multi-Day Highs Amid Easing Rate Hike Fears
German government bond yields remained steady close to multi-day highs as concerns over further interest rate hikes subsided.
Singapore Stocks Reach Record Highs Driven by Economic Strength
Singapore's equities market hits record territory as a favorable 'Goldilocks' economic environment supports local stocks.
China's New Home Prices Continue to Fall in July
New home prices in China extended their downward trajectory through July, reflecting ongoing weakness in the country's property sector.
China Industrial Production Slows in July Amid Weak Domestic Demand
China's industrial production growth decelerated in July as soft domestic demand weighed on the broader economic recovery.
Trump Imposes Tariffs of Up to 100% on Imported Drones
The incoming administration has announced steep trade levies reaching up to 100% on foreign-manufactured unmanned aerial vehicles.
Why the US‑Canada Tariff Standoff Could Rattle the CAD More Than You Think
The looming May 1 deadline on reciprocal tariffs is reshaping risk sentiment on the Canadian dollar, and the fallout may extend beyond the border into broader FX dynamics.
Myanmar's Min Aung Hlaing Travels to Russia for Official Visit
Myanmar's military leader Min Aung Hlaing has departed for an official visit to Russia, according to state media reports.
Gold's Sovereign Put and Structural Bid Shift Higher
Analysts note a strengthening structural bid for gold, driven by increasing sovereign demand and changing market dynamics.
Canada wholesale trade jumps 2.8% in June to highest since April 2024
Monthly increase led by motor vehicle and machinery sectors, signaling resilient domestic demand amid inflationary pressures.
Sweden launches spending review commission to identify savings
New commission tasked with auditing state expenditures to reduce costs amid fiscal pressure. Review expected to inform budget proposals for 2025.
The Supertanker’s Return: What Saudi’s Shipping Revival Means for Oil‑Linked Currencies
A supertanker docking at Ras Tanura after weeks of absence signals easing of Red Sea bottlenecks. I argue that the move will temper the recent rally in oil‑linked currencies and re‑anchor risk sentiment.
AI boom begins to lift UK economic growth
Early indicators suggest artificial intelligence is contributing to improved UK productivity and output, though broader impacts remain uneven.
China’s Copper Shortage Signals a Global Supply Shock – Why It Matters for Metal Markets
China’s refined copper output is set to decline for a second month as smelters grapple with raw material shortages, a development that could tighten global supplies and lift prices.
European Bonds Hold Steady Following U.S. Inflation Data
European sovereign debt showed little movement as market participants assessed a mixed regional data slate alongside in-line U.S. inflation figures.
Bitcoin Trades Below $64,000 Following In-Line U.S. CPI Data
Cryptocurrency prices showed limited movement as the latest U.S. inflation data matched market expectations.
Spain's July Inflation Accelerates to 3.9%, Exceeding Forecasts
Spain's annual inflation rate climbed to 3.9% in July, surpassing analyst expectations for the month.
UK Second-Quarter GDP Growth Slows Despite June Economic Rebound
Economic growth in the United Kingdom decelerated during the second quarter, though a late rebound in June indicates a potentially stronger outlook ahead.
Indonesia's Free Meals Program Leaves Remote Kitchen Investors in Debt
Investors backing remote kitchens for Indonesia's national free meals initiative report accumulating significant financial liabilities.
UK Economy Unexpectedly Expands by 0.3% in June, Says ONS
The United Kingdom's economy posted an unexpected 0.3% growth rate in June, according to data released by the Office for National Statistics.
Japanese Government Reportedly Open to Earlier BOJ Rate Hike
Tokyo is signaling support for a faster timeline for Bank of Japan interest rate normalization, according to Bloomberg reports.
Thailand’s Second-Quarter GDP Growth Expected to Slow Sharply
A recent Reuters poll indicates that Thailand's economic growth likely decelerated significantly in the second quarter.
Examining the Factors Behind Stable UK Food Inflation Rates
An analysis into why consumer food prices in the United Kingdom have avoided the sharp surges seen in other economic sectors.
US Dollar Holds Steady as Markets Trim Federal Reserve Rate Hike Bets Following Inflation Data
The US dollar traded in a narrow range after benign domestic inflation data led investors to pare expectations for further Federal Reserve interest rate hikes.
South Korea Unveils Housing Supply Package to Support Young Buyers
South Korean authorities have announced a new policy package aimed at increasing residential housing supply and expanding support for young property buyers.
Japan PPI Inflation Rises to 3.5-Year Peak in July Despite Missing Forecasts
Japan's producer price index inflation accelerated to a 3.5-year high in July, even though the increase fell short of market expectations.
India Launches Tax Amnesty Scheme for Undisclosed Foreign Assets
India has introduced a tax amnesty initiative aimed at small taxpayers holding undisclosed assets abroad.
German Investment in U.S. Falls to Three-Year Low on Policy Uncertainty
German direct investment in the United States has declined to its lowest level in three years, weighed down by growing policy uncertainty.
Central Bank Market Backstops Risk Fueling Leverage and Future Crises
Regulatory interventions and market backstops by central banks could inadvertently encourage higher leverage and set the stage for future financial instability.
Brazil Advances Spending Curbs Bill in Congress Amid Mounting Debt Concerns
Brazilian authorities are pressing forward with legislative spending curbs as fiscal pressures and public debt concerns escalate.
Canadian Bond Yields Ease Following U.S. Inflation Data
Canadian government bond yields declined as fresh U.S. inflation figures influenced expectations for Federal Reserve policy.
German firms' U.S. investment falls to three-year low
Outbound direct investment from Germany to the U.S. declined sharply in Q2, driven by economic uncertainty and higher financing costs.
Brazil services sector activity steady in June, PMI shows
Brazil's services sector activity remained flat in June, matching May's level and surpassing analyst expectations, according to the latest PMI survey.
Europe’s heatwaves reveal insurance shortfall amid rising business losses
Extreme temperatures in Europe have highlighted a widening gap in business insurance coverage, as companies face mounting losses without adequate protection.
Oil Supply Cuts Revive Commodity‑Currency Rally – Why the CAD and NOK May Outrun the Dollar
The IEA’s 2026 oil supply downgrade amid Middle‑East tensions is reshaping risk sentiment, giving a fresh boost to oil‑linked currencies while keeping the dollar’s safe‑haven appeal in check.
UK to overhaul labour market survey in November 2027
Government announces plans to replace the Labour Force Survey with a new data collection method, citing accuracy concerns and rising costs.
Fed Should Raise Interest Rates to Restrain Growth and Inflation, Hammack Says
Federal Reserve policy should lean toward higher interest rates to properly restrain economic growth and persistent inflation, according to remarks from Hammack.
Trump's 2024 Grocery Photo Op Emerges as Republican Vulnerability in Midterms
A 2024 campaign event focusing on grocery costs returns as a political challenge for Republicans ahead of the midterms.
UK Enhances Defense Supply-Chain Checks Following Naval Drone Findings
The United Kingdom has increased scrutiny on its defense supply chains after naval drones pointed to Chinese involvement.
Netherlands trade surplus rises to €10.4 billion in June
Exports and imports data show widening surplus as trade balance improves from May's revised €9.8 billion.
Ukraine’s Currency Liberalisation: A Quiet Game‑Changer for the FX Market
The National Bank of Ukraine’s sweeping reforms could unlock liquidity, reshape the hryvnia’s trajectory and subtly shift risk sentiment across emerging‑market FX pairs.
Nigeria’s EV push stalls amid chronic power shortages
Weak electricity infrastructure threatens to derail Africa’s largest economy’s electric vehicle ambitions despite government incentives.
CFD Volume Surge Is Skewing Index Price Discovery – A Warning for All Market Participants
Retail CFD trading has reportedly jumped 40% this summer, but underlying index markets haven’t kept pace, creating a dangerous disconnect that reportedly threatens true price discovery.
Japan business mood improves on semiconductor demand surge: Reuters poll
Manufacturers report rising confidence as chip demand drives output and orders, according to the latest Reuters Tankan survey.
Global youth unemployment rises as job creation slows, UN agency warns
UN labor agency reports rising youth joblessness amid weak hiring trends and potential AI disruption to labor markets.
AI unlikely to trigger mass job losses, study finds
Research suggests AI will disrupt but not devastate labor markets, with productivity gains offsetting displacement risks.
Brazil opposition proposes debt-linked fiscal rule to replace current framework
Draft rule from Bolsonaro campaign ties fiscal targets directly to public debt levels, aiming to replace Brazil's existing fiscal framework amid economic uncertainty.
U.S. auto loan debt hits record $1.6 trillion in Q2
Total outstanding auto loans rose to a new high as higher vehicle prices and longer loan terms offset rising interest rates.
U.S. household debt declines $13 billion in Q2
Federal Reserve data shows the first quarterly drop in household debt since 2021, led by declines in credit card and auto loan balances.
U.S. existing home sales rise, top forecasts in latest data
Sales of previously owned homes increased 0.8% month-over-month in June, exceeding economist estimates and signaling tentative stabilization in the housing market.
Why the Euro’s Next Move Hinges on US Inflation, Not ECB Whispers
The euro-dollar pair is approaching the 1.1680 ceiling, but the real driver will be Thursday’s US CPI — a softer print may reportedly give the euro a lift, while a hotter one may reportedly keep it pinned down.
Russia's trade surplus falls to $12.46 billion in June
Monthly surplus declines from May as exports and imports adjust under sanctions and global market shifts.
Wolfe Research: AI unlikely to resolve U.S. federal debt crisis
Analysts argue artificial intelligence may boost productivity but cannot address structural fiscal imbalances driving the debt burden.
U.S. private payroll growth weakens for sixth week running
ADP data shows hiring momentum in the U.S. labor market continues to fade, with private sector job gains slowing for a sixth consecutive week in May.
Italian corporate lending rises 3.2% in June as demand strengthens
Bank lending to Italian companies grew at the fastest pace in months, signaling tentative recovery in business credit amid shifting economic conditions.
Philippines President Marcos Proposes $118 Billion Budget for 2027
Philippine President Ferdinand Marcos Jr. has proposed a national budget of $118 billion for the fiscal year 2027.
Bank of Korea Likely to Raise Interest Rates Further, Outgoing Deputy Chief Says
The Bank of Korea is expected to continue lifting interest rates, according to comments from an outgoing deputy chief.
Middle East Deadlock Weighs on Global Financial Markets
Global financial markets faced pressure as geopolitical tensions and a diplomatic deadlock in the Middle East persisted.
Australia's Central Bank Holds Rates Steady, Leaves Door Open to Hikes
The Reserve Bank of Australia maintained its cash rate while signaling that further tightening remains a possibility.
Australia's Central Bank Sees Inflation Cooling Faster Amid Upward Risks
The Reserve Bank of Australia notes a slightly faster deceleration in inflation, though persistent upside risks remain.
Reserve Bank of Australia Holds Interest Rates at 4.35%
The RBA kept its cash rate unchanged while warning that further monetary tightening remains possible due to persistent inflation pressures.
Swiss National Bank releases 2025 balance of payments and IIP data
The SNB published its latest balance of payments and international investment position figures for 2025, detailing current‑account flows and foreign asset holdings.
Swiss National Bank Scheduled to Release Balance of Payments Data
The Swiss National Bank announced plans to publish Switzerland's balance of payments and international investment position statistics.
UK Debt Management Office Sells £1.5 Billion of Index-Linked Gilts Due 2035
The United Kingdom has issued £1.5 billion in index-linked government bonds maturing in 2035.
ECB Releases Consumer Expectations Survey Results for June 2026
The European Central Bank has published the findings from its consumer expectations survey for June 2026.
Norway's Core Inflation Holds Steady at 2.7% in July
Norway's core consumer price inflation remained unchanged at 2.7% in July, according to official economic data.
German Trade Deficit with China Widens Amid Shifting Industrial Demand
Germany's trade deficit with China has grown as Beijing reduces its reliance on European industrial goods.
China's Consumer Inflation Eases to Six-Month Low in July
China's consumer price index slowed to a six-month low, increasing pressure on authorities to introduce further policy easing measures.
Eurozone Investor Morale Returns to Positive Territory in August
Investor confidence in the eurozone rebounded into positive territory in August, according to survey data.
Greek industrial output climbs 1.1% in June
Manufacturing and mining activity rebound as Greece's industrial sector shows modest growth for the month.
UK consumer spending rose during World Cup in July: data
Spending on food and in pubs increased in July, likely driven by World Cup matches and warm weather, according to preliminary data.
Trump Extends Jones Act Waiver for 90 Days With Narrowed Scope
The White House announced a 90-day extension of the Jones Act waiver while narrowing its operational scope.
Trading Day: Market Focus Turns to Global Shipping and Strait Dynamics
Global markets monitor developments surrounding key maritime trade straits as macroeconomic and geopolitical factors influence supply chains.
BOJ Rate-Hike Path Faces Hurdles Amid Japanese Bond Market Pressures
The Bank of Japan's path toward policy normalization encounters headwinds linked to domestic bond market dynamics and political context.
Singapore Upgrades 2026 Growth Outlook Following Strong Q2 GDP Driven by AI
Singapore has raised its economic growth forecast for 2026, supported by robust second-quarter GDP figures fueled by the artificial intelligence sector.
Trump Defers Decision on Future of 'Weaponization' Fund to Blanche
U.S. President-elect Donald Trump stated that decisions regarding the future of a proposed 'weaponization' fund rest with Todd Blanche.
US Officials Target Supply Chain Gaps Amid Rising Foreign Investment
United States authorities are working to address domestic supply chain vulnerabilities as inflows of foreign investment continue to expand.
Bitcoin holds above $65,000 as Hormuz supply concerns ease
Cryptocurrency markets and equities rose following reports that Iran and Oman are discussing reopening the Strait of Hormuz.
Sterling Firms Against Dollar Following Soft US Jobs Data
The British pound strengthened against the greenback as softer-than-expected U.S. employment figures weighed on the dollar.
Wisconsin House Race Heats Up Amid Rural Frustrations Over Agricultural Policies
Growing discontent among rural Wisconsin voters regarding former President Donald Trump's agricultural policies is driving tension in a competitive House race.
Ukraine Drone Attack Kills 13 in Russian City of Nizhnekamsk
Russian officials report that a Ukrainian drone strike on the city of Nizhnekamsk resulted in 13 deaths, including a child.
U.S. CPI Inflation and Corporate Earnings Highlight Crypto Week Ahead
Markets look ahead to upcoming U.S. consumer price index data and reports from firms including Securitize and Gemini for the week starting August 10.
German Bunds Consolidate Amid Weak U.S. Payrolls and Rising Oil
German government bonds consolidated as market participants weighed softer U.S. employment data against climbing crude oil prices.
UK Employment Market Shows Signs of Recovery as Pay and Temp Roles Rise
A new study indicates an upturn in UK pay and the first rise in temporary vacancies in two years, pointing to early stabilization in the labor market.
U.S. Unexpectedly Sheds 23,000 Jobs in July, Shifting Rate Outlook
The U.S. economy lost 23,000 jobs in July, falling well short of forecasts and pushing the probability of a Federal Reserve rate hike below 50%.
Trump Tariffs Prompt Some U.S. Companies to Look Back to China
Shifting economic logic leads certain U.S. brands to reconsider Chinese locations for factory placement amid ongoing tariff policies.
Federal Reserve Rate Decisions and Consumer Finances
An overview of how central bank monetary policy actions impact consumer borrowing costs, savings rates, mortgages, and credit cards.
U.S. GDP Growth Slows in Q2 as Price Pressures Weigh on Markets
Gross domestic product expanded at a more modest pace in the second quarter, while persistent inflation metrics continue to unsettle financial markets.
Government Borrowing Costs Reach Two-Decade High Following Fed Decision
Treasury yields have surged to their highest level in twenty years, signaling investor skepticism over the Federal Reserve's inflation strategy.
Federal Reserve Holds Rates Steady Amid Internal Divisions on Inflation
U.S. central bank officials kept interest rates unchanged while showing growing divisions over how to address persistent inflation pressures.
China's Politburo Signals Cautious Economic Support Amid Slump
China's leadership called for more proactive fiscal policies but avoided broad measures to address weak consumer spending.
Federal Reserve Policy Decision and Rate Outlook
An overview of the Federal Reserve's latest interest rate decision and its implications for financial markets.
Bond Yields Remain Elevated as Federal Reserve Inflation Guidance Lacks
Government bond yields stayed high amid ongoing concerns regarding the Federal Reserve's strategy to contain inflation.
Malta Emerges as Tax Haven for U.S. Companies Seeking Profit Shelter
The Mediterranean archipelago has become a prominent destination for U.S. corporations aiming to shield corporate profits from income taxes.
Trump Imposes New Tariffs and Minimum Import Prices on Polysilicon
The administration announced import restrictions on polysilicon, targeting a key material used in electronics and solar energy production.
Bessent Backs Japan’s Yen Support via Coordinated Intervention
Coordinated intervention enabled Japan to bolster its currency while avoiding the liquidation of its U.S. debt holdings.
US Labor Market Cools as Employers Pull Back on Hiring Amid Uncertainty
A brief spring employment surge has given way to summer stagnation as businesses hesitate to hire amid persistent price pressures.
Fed Focus Remains on Inflation Following Five Years Above Target
Federal Reserve officials remain primarily focused on inflation trends after five years of overshooting the central bank's 2 percent target.
Why US Attempts to Save the Yen Are Doomed to Slip
The Treasury’s recent yen‑support moves clash with a widening US‑Japan rate gap and a resilient dollar, making any short‑term fix fragile.
EY Warns UK Faces Recession Risk as Middle East Conflict Drives Up Energy Prices
EY has warned that the UK economy could slip into a recession if the Strait of Hormuz remains closed, as surging oil and gas prices threaten to stoke inflation.
UK Economy Strengthens as Service Sector Recovers and Car Sales Rise
The UK economy shows signs of strengthening with a return to growth in the service sector and an increase in car sales.
UK and Eurozone Construction Downturn Eases as Economic Conditions Improve
Lloyds reports rising confidence in the construction sector as the downturn slows, though firms await broader economic movement.
U.S. Treasuries Surge Following Unexpected Job Losses
U.S. government debt prices rallied sharply following a shock contraction in domestic employment figures.
Canada Discusses Trade Concessions With US to Avert New Tariffs
Ottawa is reportedly engaging with Washington on potential trade concessions to prevent the implementation of new tariffs.
CFTC Releases Financial Futures Open Interest Data for August 4
The Commodity Futures Trading Commission published its latest open interest figures for financial futures markets.
Why Bearish Sentiment Persists Around the Japanese Yen
Market participants continue to maintain a bearish outlook on the Japanese yen amid ongoing economic and monetary policy factors.
Bitcoin Price Stalls Below $65K as US PMI Data Stokes Stagflation Fears
Bitcoin traded in a tight range below $65,000, diverging from equities and gold as fresh US purchasing managers' index data fueled concerns over potential stagflation.
Switzerland Adopts EU's 19th Sanctions Package Against Russia
The Swiss Federal Council has decided to adopt the European Union's 19th package of sanctions against Russia, effective February 26, 2026.
Switzerland Updates Sanctions Against Syria, FINMA Announces
The Swiss Federal Department of Economic Affairs, Education and Research has amended the sanctions ordinance targeting Syria.
Switzerland Updates Sanctions List Regarding Democratic Republic of Congo
SECO has published an amendment to the sanctions ordinance concerning the Democratic Republic of Congo.
Switzerland updates sanctions regime against Sudan
Swiss Federal Department for Economic Affairs, Education and Research has published an amendment to the annex of the 2005 ordinance governing measures against Sudan.
Regulators Must Act Before the CFD Summer Surge Turns Toxic
The 40% jump in retail CFD volume is a warning sign that regulators can no longer ignore. I argue that tighter leverage caps and clearer disclosure rules are overdue.
ECB wage tracker shows 2.7% growth in Q1 2027, signaling stable wage pressures
The European Central Bank's wage tracker indicated negotiated wage growth of 2.7% year‑on‑year in the first quarter of 2027, suggesting that wage pressures remain stable.
Swiss National Bank adjusts remuneration of sight deposits
The SNB announced a change to the remuneration rate applied to sight deposits held by banks, a tool used to influence short‑term funding conditions.
Ukrainian central bank announces biggest currency liberalisation since 2022 invasion
The National Bank of Ukraine said it is rolling out its most extensive set of currency‑market reforms since the Russian invasion, aiming to ease foreign‑exchange restrictions and boost liquidity.
Why Hormuz Tensions Are Driving Up Shipping Insurance and Squeezing Refiners
As Iran and Oman edge toward a Hormuz reopening, the real price shock is coming from soaring marine insurance premiums that are adding a hidden cost to crude and tightening refinery margins.