All Swiss bankers surveyed expect the SNB to hold its policy rate at 0% through 2026; 60% see it staying through 2027. The rest anticipate rate hikes in 2027.
S&P 500 beat inflation in 16 of past 20 calendar years. 2026 gain of 13.5% outperformed CPI, aided by AI-driven earnings.
Eurozone CPI data, RBNZ and BoC policy decisions, and US employment figures are the key events for the week of August 31-September 4.
Germany's state-level CPI data due today; headline inflation expected to rise to 3.0%.
Oil prices jumped after US strikes on Iran prompted retaliation, while Asia markets fell on Mideast tensions and rate fears.
Asian stocks fell on Monday as renewed US-Iran fighting boosted oil prices and bond yields stayed elevated. Japan and South Korea posted significant declines,…
Bank of America says Warsh's Jackson Hole speech raises pressure for a September rate hike unless data turns soft.
China's official manufacturing PMI rose to 49.8 in August, beating expectations but remaining below the 50-point expansion threshold for a second month.
Private non-farm inventories fell 0.2% in Q2, subtracting 0.3pp from GDP, while credit and profits missed forecasts.
China's official August manufacturing PMI came in at 49.8, above the 49.7 forecast and the prior 49.2. Non-manufacturing PMI was 49.0 and composite PMI was…
New Zealand business confidence fell to 53.7 in August from 56.1, according to the ANZ survey.
Goldman Sachs maintains its view that the Fed will hold rates steady in September, as inflation data is unlikely to justify a hike despite Warsh's hawkish tone.
Japan's industrial output and retail sales beat forecasts in July, but manufacturers expect a September decline.
ASB expects RBNZ to hike 25bp on Wednesday and signal at least one more hike, with OCR peak near 3.3%.
NZIER's Shadow Board reports a majority recommending a 25bp OCR hike to 2.75% on Wednesday, but several members prefer holding at 2.50%.