US goods trade deficit widens more than expected in August
The US goods trade deficit widened to $132.6 billion in August, exceeding expectations, as imports rose faster than exports.
Inflation, employment, growth data and central bank decisions, and how they reprice risk across markets.
The US goods trade deficit widened to $132.6 billion in August, exceeding expectations, as imports rose faster than exports.
Germany's preliminary September CPI rose to 3.3% year on year, above the 3.1% forecast and up from 2.9%; core inflation held at 2.4%.
ADP reported 90,000 private-sector jobs added, surpassing the 70,000 consensus forecast, with the prior month revised to 38,000.
European equities fell as oil and bond yields rebounded from overnight lows. The dollar eased, gold flat.
Today's PCE data will test stocks, crypto, and Trump's political standing as voters focus on prices ahead of midterms.
All four German state CPI readings accelerated in September, raising the likelihood that national inflation will again exceed 3%.
German unemployment rose by 12,000 in September, well above the 1,000 expected, while the jobless rate stayed at 6.4%.
Germany's unemployment rose by 12,000 in September, far exceeding the 1,000 forecast. The jobless rate held at 6.4%.
Central bank speeches move markets by altering expectations, as Williams' remarks cut October hike odds to 50%.
France's September HICP increased to 3.4% y/y, exceeding expectations, and CPI rose 3.0%, adding to euro area inflation worries.
French CPI rose to 3.0% y/y in September, above expectations of 2.8%, while HICP came in at 3.4%, also above forecast.
German import prices rose 1.0% month-on-month in August, pushing the annual rate to 8.3%, the highest since December 2022.
Germany's retail sales rose 1.3% in August from July, missing the 1.5% forecast, after a steep 3.4% monthly drop.
The final Q2 GDP figure was revised up to 0.5% quarterly and 1.4% annual growth, with minimal market impact expected.
German retail sales rose 1.3% m/m in August, missing the 1.5% forecast, after July's 3.4% drop. Market impact is seen as minimal.