Macro
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.
Iran security chief denies alleged plot to assassinate Barron Trump
Iran's security chief Mohsen Rezaei rejected claims of a plan to kill President Donald Trump's youngest son, while also outlining Tehran's conditions for opening the Strait of Hormuz.
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.
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.
Putin says Russia’s budget deficit remains manageable despite 40% rise
Russian president cites low debt levels as justification for deficit expansion to 2.8% of GDP in January-July, despite war-related spending pressures.
U.S. labor data, yen surge and oil steadiness in focus
Markets await Friday's jobs report as yen strengthens on intervention bets and oil prices stabilize after natural gas surges. Broadcom shares slip on cautious outlook despite earnings beat.
U.S. trade deficit widens 24.4% in July to $88.6 bln
Goods trade deficit climbs 17.3% as imports surge to record $140.3 bln in capital goods. Oil and industrial supplies weigh on exports.
U.S. trade deficit widens to $88.6 billion in July as capital goods imports surge
The U.S. trade gap expanded by 24.4% last month, driven by a record $140.3 billion in capital goods imports. The deficit subtracted 1.14 percentage points from Q2 GDP growth.
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 sector activity rises to 55.4 in August as demand strengthens
ISM Non-Manufacturing PMI climbs to highest since February 2023, led by new orders surge; Fed rate hike odds rise ahead of September meeting.
Brazil services activity rebounds in August as PMI rises above 50
Brazil's services sector returned to growth in August, with the PMI climbing to 50.5 from 49.7 in July, offsetting continued weakness in manufacturing. Employment remained flat after prior declines.
Canada's trade surplus shrinks to C$769 mln in July as exports drop
Exports fell 2.3% in the first decline since January, while imports rose 2.2%, pushing the surplus to its lowest level in five months. Energy and metals led the decline.
Senegal transfers funds for 2048 bond coupon amid IMF deal
Government initiates payment for century-long dollar bond as IMF approves $2.2 billion loan package. Bond prices rise on announcement.
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.
Magnitude 5 earthquake strikes Tibet: GFZ
A 5.0-magnitude quake hit the Tibetan plateau Thursday, the German Research Centre for Geosciences reported. No immediate damage or casualties were cited.
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.
Eurozone business activity growth slows in August as services PMI falls
Eurozone composite PMI held near long-term average at 52.0 in August, while services activity slipped to a two-month low of 51.6. Export orders rose for the first time in 4.5 years, led by manufacturing demand.
India’s GDP growth of 7.8% sparks skepticism over methodology
Analysts question the robustness of India’s latest quarterly growth figure amid concerns over data revisions and deflator assumptions. High-frequency indicators show mixed signals.
UK services growth accelerates in August as cost pressures rise
S&P Global PMI shows services activity at its strongest since April, but firms report intensifying price pressures amid Middle East energy risks. Composite index also climbs to five-month high.
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.
Italy's services PMI hits 3.5-year high, composite growth accelerates
Italy's services sector expanded at the fastest pace since April 2023 in August, with the composite PMI rising to its second-highest level in over three years, driven by domestic demand and new business growth.
France services activity contracts faster in August amid weak demand
The latest data indicates a sharper decline in French services sector activity during August.
Germany's services PMI edges up as sector nears stabilization
Services activity contracted marginally in August, but new business and employment showed improvement, while composite output rose to a five-month high. Input price pressures accelerated.
Eurozone business activity steady in August as services slow
Eurozone composite PMI held at 52.0 in August, matching July’s eight-month high, while services activity slipped to a two-month low. Germany led regional growth, France remained in contraction.