gdp

Belgium Pushes Ahead With Fiscal Reforms Amid Mounting Budget Pressures

The federal government has unveiled a new agreement to finalise the 2026 budget and outline the main direction for economic policy in the coming years. While these steps will help reduce the public deficit, further action will be necessary to stabilise the debt ratio

USD Outlook: Fed Cuts Delayed, Euro and Yen Monitor Stimulus and Intervention

It could have been a lot worse for EUR/USD this week. A set of FOMC minutes that poured cold water on a December rate cut and a strong headline rise in the US jobs report could have seen 1.1500 taken out again. But instead, investors seemed to have just delayed rather than abandoned pricing for Fed easing. And Europe may still being showing some signs of life

Italy’s Industrial Production Rebounds in September, but Growth Remains Modest

This more than compensates for August’s fall, confirming that summer data has to be interpreted with a pinch of salt. Italy's industrial stagnation is not over yet, but the picture might improve marginally over the fourth quarter

Volatility Returns: Strong US Data Sparks Dollar Rally, Crypto Outflows, and Equity Selloff

Volatility is back again after relatively unsurprising sessions since the past week FOMC.

It seems that the since last week, the 2025 theme of currency debasing, seeing a huge rally in metals (Gold, Silver at their yearly highs) and equities was intact after the September meeting which resulted in a cut.

Riksbank Likely on Hold as Inflation Surprises, SEK Outlook Stays Firm

We expect the Riksbank to keep rates on hold at 2.0% on 23 September, in line with expectations. Markets are pricing in a less than one-in-three chance of a cut. Rate projections may well be kept unchanged but could still suggest some possibility of another cut. Our call for now is for no more easing. Sweden's krona has room to appreciate into year-end

Core Inflation Stable as Bank of Canada and Riksbank Signal Dovish Bias

A mild miss in last week’s July inflation figures provided a bit of support for the Canadian dollar, which posted weekly gains against most other G10 currencies.

Swiss Growth Slows Amid Trade Tensions; AUD and NZD Diverge on Central Bank Moves

The Swiss franc recovered some of its losses last week. Economic data continues to point to disruptions from Trump’s upending of global trade. After a jump in June, real exports sank in July (-2.7% MoM). US-bound exports rose 1.1%, as buyers raced against time to avoid paying steep levies on products such as watches or machinery.

Germany’s Ifo Index Rises, but Fiscal Stimulus Remains the Key to Recovery

The ongoing improvement in business sentiment reflects the strong belief in the healing nature of fiscal stimulus

External Demand Powers Taiwan’s Best GDP Growth Since 2021

Taiwan's GDP growth surged to 8.0% YoY in the second quarter as external demand contributed a whopping 5.8ppt. We have been nudging our forecasts higher in previous months, but consistently stronger-than-expected data merits a more aggressive upgrade, and we are now revising our 2025 full-year growth forecast to 5.8% YoY

Markets Stabilize on Tariff Reprieve Hopes; Eyes on Key U.S. Data and Fed Speeches

The Dow and the S&P 500 ended nearly unchanged, recovering from earlier lows following President Donald Trump’s comments on tariff reprieve. The benchmark 10-year Treasury yield rose but traded in a tight range on tariff and economic concerns. The dollar gained putting pressure on gold prices. Oil edged up as fresh Iran sanctions and latest output plan from the OPEC+ raised supply concerns. 

CEE Markets Brace for Key Economic Data Amid Fading Ukraine Sentiment

After a very quiet week, the local story is back in focus for markets. Today, we will see retail sales in Poland for January. Goods spending remains subdued, but has improved after a poor third quarter.

USD in Turmoil. Soft Data, Tariff Drama, and Geopolitical Tensions Shape the Dollar's Fate

Germany voted over the weekend, and the results are broadly in line with expectations. The euro got a small boost from the CDU/CSU being able to form a coalition only with the SPD, without any smaller third party. There’s a lot on the table for markets this week, and we expect plenty of noise in FX.