Switzerland remains focused on deflation risk as SNB set to hold rates
The SNB is set to hold rates at 0% while focusing on inflation and franc strength, as Switzerland remains concerned about deflation.
The SNB is set to hold rates at 0% while focusing on inflation and franc strength, as Switzerland remains concerned about deflation.
Japan's flash composite PMI fell to 52.5 in September, a four-month low, as price pressures stayed sharp and hiring accelerated.
US Treasury yields hit multi-year highs as strong growth and sticky inflation pressure the Fed. Stocks fell sharply.
US dollar rises as Treasury yields climb and odds of another Fed rate hike increase.
Bitcoin fell under $84,000 after strong US PMI data pushed Treasury yields higher.
Fed's Michael Barr said more rate hikes are likely needed to bring inflation back to 2% in a timely manner.
UK September flash services PMI fell to 51.7, below expectations; manufacturing beat at 52.0, composite also missed.
Germany's September flash manufacturing PMI came in at 53.8, below the expected 54.0, while services and composite PMIs beat forecasts.
France's September PMI readings returned to expansion, with services at a 10-month high, but rising price pressures complicate ECB outlook.
Preliminary PMI data for September out later today; markets eye inflation details for clues on ECB's next rate move.
USD/JPY stays above 157 after BOJ hike; intervention risks persist with yields near 5%.
The ADB kept its China growth forecasts unchanged but cut the inflation outlook, pointing to soft demand. It slightly raised the Asia growth forecast.
Trump backs US diesel export ban to fight high prices; analysts caution it may backfire.
Australia's September flash PMI showed growth slowing to a Q3 low, with manufacturing contracting and employment falling for the first time since May, whileβ¦
ECB analysis says China's advance into higher-value manufacturing is displacing European exporters, especially German firms, from global markets.