Macro update Wall Street ends higher: US equities closed stronger on Wednesday, with gains led by healthcare and technology shares, even as weak jobs data and the start of the government shutdown weighed on sentiment. Healthcare boost: Pharma stocks rallied globally, with AstraZeneca and peers advancing after Pfizer reached a deal with President Trump to lower Medicaid […]
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Unemployment from the euro area and Spain are due on Thursday, headlining a light day for the European economic news. At 3.00 am ET, Spain’s labor ministry is scheduled to issue unemployment data. The number of unemployed is expected to increase 15,400 in September. At 4.00 am ET, Italy’s statistical office publishes unemployment figures for
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Key takeaways BoJ policy shift intact: Japan’s central bank is still moving gradually toward policy normalization, supporting renewed yen strength. Tankan survey improvement: Q3 2025 Tankan survey for large manufacturers improved to 14, its highest since Q4 2024, boosting economic confidence. Yield spread narrowing: US-Japan yield differentials are shrinking, making US Treasuries less attractive versus
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In August 2025, household spending in Australia experienced a modest increase of 0.1% month-over-month, slowing from a revised growth of 0.4% observed in the previous month. This represents the most sluggish rise since April. Expenditure growth decelerated in several sectors, with transport costs increasing by 0.8% compared to 1.5% in July, and spending in hotels,
Consumer prices in South Korea were up a seasonally adjusted 0.5 percent on month in September, Statistics Korea said on Thursday. That was above forecasts for an increase of 0.4 percent following the 0.1 percent contraction in August. On a yearly basis, inflation jumped 2.0 percent – again exceeding expectations for an increase of 2.0
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Log in to today’s North American session Market wrap for October 1st The US government shutdown officially kicked in, but beyond a brief selloff in the US Dollar — which stopped well short of breaking any key levels — markets have largely brushed it aside: US equities reversed early weakness seen in futures and at
Log in to our mid-week North American Markets overview, where we examine the current themes in North America and provide an overview of indices and currency performances. We are now halfway through the week, and the main storyline has shifted squarely toward the US government shutdown, which has sparked a sharp N-shaped (for nope) reversal
ADP report shows that private hiring in September plunged, reinforcing bets for a Fed rate cut later this month. US government shutdown delays Nonfarm Payrolls release, weighs on markets but support flows into Gold. Treasury yields tumble and US Dollar softens, creating a favorable backdrop for bullion’s rally toward fresh record highs. Gold price surges
South Africa’s factory sector grew in September after shrinking in the previous month and returned to expansionary territory for a second time this year in September, survey data from the Bureau for Economic Research showed on Wednesday. The Absa Purchasing Managers’ Index rose 2.7 points to 52.2 from 49.5 in August. A reading above 100
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The US government shutdown officially took effect at midnight, immediately clouding the economic calendar with uncertainty. You can track the latest headlines on the shutdown right here.Key releases, including the all-important Non-Farm Payrolls and weekly Jobless Claims, are set to be delayed — leaving markets grasping for alternative signals on the labor picture. That made
The UK manufacturing sector contracted at the steepest pace in five months in September amid weak demand in both domestic and foreign markets, survey results from S&P Global showed on Wednesday. The factory Purchasing Managers’ Index fell to a five-month low of 46.2 in September from 47.0 in August. The flash estimate was also 46.2.
