Since early 2023, countries in Southern Europe have seen strong declines in unemployment, while those in the north have seen increases. This is helping eurozone convergence, adding to tighter ...

Bank Indonesia’s rate cut today surprised markets, but the overnight announcement of a trade deal with Indonesia by President Trump likely provided the confidence needed to proceed without delay. We c ...

Here’s a quick snapshot of what the latest data in the Philippines is telling us and what it means for the interest rate outlook. Trade balance showed a notable improvement in May, surpassing market ...

The week starts with renewed pressure on oil prices as OPEC decided to ramp up its production restoration plans by announcing an additional 548,000 barrels per day—well above the 411,000-increase ...

German industry has left the front-loading reversal behind and showed further signs of at least a cyclical rebound. In May, industrial production increased by 1.2% month-on-month after a 1.6% drop in ...

FX markets are preparing for a noisy week on trade. Wednesday's expiry of the 90-day tariff deadlines will once again see some high tariff levels thrown around. This has the potential to upset the ...

The -0.7% month-on-month decline in retail sales coincided with a -0.3% decline in overall services activity in April. While surveys had previously indicated potential weakness in eurozone services ...

Unfortunately, retail sales mirrored the trend in industry: after a month of positive results, disappointing data soon followed. In May, Hungarian retail sales performed poorly. The sector shrank by 1 ...

A notable underperformer last week was the pound, which suffered along with gilts from jitters about the state of Britain’s finances amid the growing likelihood of tax hikes in the autumn. The paucity ...

Likely to be another high conviction rate cut We expect the Reserve Bank of Australia (RBA) to cut the cash rate by 25bp to 3.6% at the upcoming policy meeting next week. Recent data flows on growth ...

In spite of a better-than-expected US June jobs report and a 10/12bp jump in short-dated US interest rates, the dollar is barely changed from its soft levels seen this time yesterday. Seemingly, the ...

Payrolls day remains the most important one for markets. Even going into most pivotal Fed meetings we typically know what's going to happen. For payrolls, we think we know. And even if we did, the ...