Macro
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.
Swiss Pension System Score Hits Record High, Funding Fears Remain
Raiffeisen's Vorsorgebarometer reaches 725 points, up 28 from last year, driven by stronger pension fund finances — yet nearly 40% still fear the AHV cannot cover future costs.
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.
Market Schedule: ECB Meeting, US Housing Data Lead Sept 17
UK rate decision, eurozone consumer prices, and US building permits anchor a busy data day alongside corporate capital-market events from DHL, Bechtle and Wacker Chemie.
Swiss Economic Calendar: SNB Policy Readings, Corporate Earnings Key This Week
Switzerland's economic and corporate calendar features SNB assessments, major results, and strategy launches across banking, real estate and industrials.
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.
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.
US 10-year yield forecast to hit 24-year high of 5.2% by year-end
Standard Bank's Steven Barrow sees the 10-year US Treasury yield reaching 5.2% by year-end and 5.3% in Q1 2027, after it rose to 5.01% on Monday.
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.
Russian frigate fires warning flares at Danish military helicopter off Danish coast
A Russian frigate launched two pyrotechnic warning flares at a Danish NATO helicopter in international waters on Monday; the flares missed and Denmark plans to summon the Russian ambassador.
U.S. Stock Futures Flat as Fed Rate-Hike Bets Clash With AI Slowdown Fears
Wall Street held steady ahead of Wednesday's Fed meeting despite a 5% tumble in semiconductors on slowing-AI concerns, while markets price in a 25-basis-point rate hike.
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.
China's retail sales rise only 0.4% in August, industrial output beats expectations
Weak consumer spending and continued investment drag contrast with stronger factory output, keeping pressure on policymakers to meet the full‑year growth target of 4.5‑5.0%.
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.
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.
Swiss Economic Calendar: Data Releases, Earnings Due Sept 15-22
Switzerland’s weekly financial calendar features Austrian and Swiss inflation data, SNB balance-of-payments figures, and H1 earnings from Addex, Curatis, Newron and others.
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.
Democrats send counteroffer to Republicans over Clarity Act provisions
Democratic senators have sent a counteroffer to Republicans on Clarity Act provisions and are meeting to discuss a draft text.
Swiss Economic Calendar: Earnings, Inflation Data and Industry Events, Sept 9–16
Swiss economic output over the week includes H1 earnings from Bioversys, Medacta, Mobiliar and others, plus BAFU inflation data and an SNB government-bond result.
US bans Canadian motorcycles, dairy and alcohol amid escalating trade war
The White House confirmed new import restrictions on Canadian beer, wine and whisky take effect Sept 29, as Trump threatens further tariff hikes and orders Canadian goods removed from federal procurement.
