Japan's fastest wage growth in 27 years reinforces BOJ hike path
Japan's real wages rose 2.4% in July, seventh straight gain, while nominal pay hit 4.7%, fastest since 1997, supporting BOJ rate hike.
Inflation, employment, growth data and central bank decisions, and how they reprice risk across markets.
Japan's real wages rose 2.4% in July, seventh straight gain, while nominal pay hit 4.7%, fastest since 1997, supporting BOJ rate hike.
Japan's July 2026 average cash earnings rose 4.7% year-on-year, beating the 3.9% forecast, and real wages increased 2.4%.
UBS expects two Fed rate hikes in 2025 after strong jobs data, maintaining a positive equity outlook driven by economic strength.
China releases August trade data today, with export and import growth expected to accelerate, while a beat could support risk currencies like the Australian…
Japan's Q2 GDP revision out today could sway BOJ September rate hike odds, currently at 80%.
Japan's GDP and China trade data due Tuesday; preliminary Q2 GDP missed expectations.
Bitcoin held above $79,000 during a 3.7% yen rally, avoiding the 20% crash seen in 2024. Japan spent $94.6B on intervention.
Eurozone Q2 GDP was revised up to 0.6% q/q on trade, with annual growth at 1.2%, but underlying domestic demand remained soft.
Eurozone Sentix investor confidence index rose to 5.1 in September, its highest since February 2022.
Economic calendar for September 7-11 with ECB meeting, U.S. inflation data, and Australian consumer sentiment.
Germany's industrial production fell 1.1% in July, missing expectations, led by a 9.2% auto sector decline.
German industrial production fell 1.1% in July, sharply missing forecasts, driven by auto sector slump.
US markets closed for Labor Day, leading to thinner liquidity and potential exaggerated price moves. Key inflation data due later this week.
UK permanent hiring increased for the first time since September 2022, while a strong US jobs report raised the odds of a Federal Reserve rate hike.
Central banks in the Netherlands, France and Norway have moved gold or bonds out of US assets, raising concerns about Trump-era unpredictability.