Bond markets may have gone too far French government bond yields’ surge to multi-year highs last week might represent an overreaction to political risk rather than genuine fiscal concerns. France’s debt profile remains manageable compared to many European peers. The spread widening against German bonds, while dramatic, could prove temporary once a new government emerges. […]
The Japanese yen is in positive territory on Monday. In the European sesssion, USD/JPY is trading at 147.87, down 0.35% on the day. Japan’s economy expands 2.2% in Q2 The week has started on a positive note in Japan, as GDP for the second quarter was revised sharply higher to 2.2% y/y, up from the
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The USD/CAD outlook indicates a rebound in the Canadian dollar. Canada’s economy lost 65,500 jobs, compared to expectations of 4,900 new jobs. The greenback was also pressured by data showing only 22,000 new jobs in the US. The USD/CAD outlook indicates a rebound in the Canadian dollar after a poor employment report led to a
Fundamental Overview Crude oil looked set for a rally into the 70.00 level last week after some key technical breakouts but eventually dropped all the way back to the most recent low around the 61.45 level. The catalysts were the Reuters report saying that OPEC+ was set to hike output at the Sunday’s meeting again,
This is a follow-up analysis and update of our prior report, “Nikkei 225 Technical: A potential bullish reversal looms after a 4% decline as market breadth improves with earnings upgrade”, published on 22 August 2025. The price actions of the Japan 225 CFD Index (a proxy of the Nikkei 225 futures) have staged the expected
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Germany’s industrial output expanded for the first time in four months in July, figures from Destatis showed on Monday. Industrial production rose 1.3 percent month-on-month in July, reversing June’s stable decrease of 0.1 percent. The recovery in July was mainly driven by a 9.5 percent growth in the manufacture of machinery and equipment. An 8.5
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China’s exports grew at a slower pace in August, data from the customs office showed on Monday. Exports grew 4.4 percent in August from the previous year, which was slower than the 7.2 percent rise in July. This was also weaker than forecast of 5.0 percent. Imports advanced 1.3 percent on a yearly basis, slower
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US equities decline amid rate cut expectations Unietd States (US) equity markets finished lower on Friday, despite a weaker-than-expected August jobs report that nearly guarantees the Federal Reserve (Fed) will resume its rate-cutting cycle in ten days. Non-farm payrolls rose by just 22,000 in August, well below the upwardly revised 79,000 in July and market forecasts
MUFG Bank strategist Michael Wan warned the yen could remain weak in the near term following Prime Minister Shigeru Ishiba’s decision to step down. The choice of successor will be key for market direction: Sanae Takaichi, from the LDP’s conservative wing, is viewed as yen-negative given her backing for easy monetary policy and fiscal stimulus,
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Japan posted a current account surplus of 2.684 trillion yen in July, the Ministry of Finance said on Monday. That was well shy of expectations for a surplus of 2.266 trillion yen following the 1.348 trillion yen surplus in June. Exports were down 4.9 percent on year at 9.006 trillion yen and imports sank an
Revised economic growth data from Japan for the April to June quarter of 2025 comes in better than the flash reading for the data did. GDP Annualized (QoQ): 2.2% Expected: 1.0% Previous: 1.0% GDP (QoQ): 0.5% Expected: 0.3% Previous: 0.3% GDP Private Consumption (QoQ): 0.4% Expected: 0.2% Previous: 0.2% GDP External Demand (QoQ): 0.3% Expected:
Swiss National Bank President Martin Schlegel said the bar is very high for reintroducing negative interest rates, given their harmful effects on savers and pension funds. Speaking to Migros-Magazin, he noted that with the policy rate now at zero, officials remain cautious about further easing. Schlegel stressed that negative rates would only be considered under
