UK GDP Expands Slightly
Thursday, July 16,2026,03:15
The UK economy expanded slightly in May driven by the service sector output, the Office for National Statistics reported Thursday. Gross domestic product grew 0.1 percent, offsetting a 0.1 percent fall in April, which was the first drop since October 2025. GDP was forecast to remain flat in May. .. read more..
Hungary Wage Growth Eases To 8.7% In May
Thursday, July 16,2026,02:57
Hungary's average gross earnings growth moderated to the lowest level in five months. Average gross earnings grew 8.7 percent annually in May, slower than the 9.0 percent growth in April. The average gross earnings were HUF 764,062 in May compared to HUF 772,165 in the previous month. .. read more..
Dutch Jobless Rate Falls To 11-month Low
Thursday, July 16,2026,02:31
The Netherlands' unemployment dropped slightly in June to the lowest level in nearly a year. The seasonally adjusted ILO jobless rate dropped to 3.8 percent from May's stable rate of 3.9 percent. There were 393,000 unemployed people in June compared to 399,000 in the previous month. A year ago, it was 386,000. .. read more..
Bank Of Korea Hikes Policy Rate For First Time Since 2023
Thursday, July 16,2026,01:53
The Bank of Korea raised its benchmark interest rate for the first time since 2023 on Thursday as inflation is projected to stay above 2 percent target for a considerable time. The Monetary Policy Board of the Bank of Korea unanimously decided to hike the base rate by 25 basis points to 2.75 percent. .. read more..
India bonds extend recovery tracking rise in U.S. Treasuries
Thursday, July 16,2026,01:53
Indian government bonds saw gains for a second straight session on Thursday. This followed overnight increases in U.S. Treasuries after softer economic data emerged. Softer U.S. inflation data eased concerns about an imminent Federal Reserve rate hike. Lower U.S. yields eased pressure on emerging-market debt, helping Indian bonds recover. State-run lenders and foreign investors actively bought bonds, adding support. .. read more..
Tata Capital raises $400 million in dollar bond sale after strong demand
Thursday, July 16,2026,01:22
Tata Capital successfully raised four hundred million dollars through dollar-denominated bonds. The company achieved a coupon rate significantly below initial guidance. This issuance marks their first after an S&P rating upgrade and equity listing. Proceeds will support onward lending and diversify funding sources for growth. This follows a similar dollar debt issue by the company in January 2025. .. read more..
South Korea Rate Decision On Tap For Thursday
Wednesday, July 15,2026,18:03
The Bank of Korea will wrap up its monetary policy meeting on Thursday and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. .. read more..
IMF strategy chief calls for price stability amid global uncertainty
Wednesday, July 15,2026,17:00
The International Monetary Fund’s new strategy chief called on government officials Wednesday to maintain credibility in fiscal and monetary policy to keep prices stable as global economic uncertainty continues. Christian Mumssen, the fund’s new director of strategy, pointed to a series of major economic shocks in recent years, including the coronavirus pandemic, cost-of-living crises, trade ... .. read more..
High-tech investment a shining light of China’s economy: HSBC economist
Wednesday, July 15,2026,17:00
High-tech investment and exports remain key bright spots of China’s economy, supported by strong global demand for advanced manufacturing and Beijing’s innovation-driven development strategy, according to an economist from HSBC. China has built a strong competitive edge in electronics, green technology and advanced machinery, with robust overseas demand continuing to support exports, said Frederic Neumann, ... .. read more..
China slowdown worse than expected on weak domestic demand
Wednesday, July 15,2026,17:00
GDP growth undershoots in 2Q as domestic slowdown finally shows in the data China’s second quarter GDP saw a significant deceleration, down to 4.3% YoY from 5.0% in the first quarter, weaker than forecasts (market: 4.5%, ING: 4.6%). This was the slowest growth in any quarter since the lockdown-impacted fourth quarter of 2022. Through the ... .. read more..
U.S. headline producer inflation posts first one-month decrease since August ...
Wednesday, July 15,2026,17:00
U.S. headline producer inflation in June posted its first one-month decrease since August 2025, mainly on the back of a slide in prices for final demand energy goods, economic data showed on Wednesday. The report echoed a similar print for U.S. consumer inflation the previous day. The overall easing in price pressures in June indicated ... .. read more..
Why investors are suddenly fleeing Indonesia
Wednesday, July 15,2026,17:00
Indonesia, one of Asia’s biggest economies, risks losing its emerging-market status as President Prabowo Subianto’s spending plans rattle investors. Will the man who promised to deliver 8% growth rein in his ambitions? Since the pandemic, Indonesia has delivered steady annual growth of 5%. Then, Iran closed the Strait of Hormuz. As Southeast Asia’s largest economy ... .. read more..
Eurozone industrial production ticked down in May
Wednesday, July 15,2026,17:00
Industrial production in the eurozone declined by 0.2% in May (vs +0.1% in April). This is a modest move which still leaves production above the February level, when the war in the Middle East started. The decline was mainly driven by a drop in durable consumer goods production, which has been a more negative driver ... .. read more..
Industrial production down by 0.2% in the euro area and by 0.1% in the EU
Wednesday, July 15,2026,17:00
Overview In May 2026, compared with April 2026, seasonally adjusted industrial production decreased by 0.2% in the euro area and by 0.1% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In April 2026, industrial production grew by 0.3% in the euro area and by 0.2% in the ... .. read more..
Fed’s Warsh says AI price surge is real but not inflationary
Wednesday, July 15,2026,17:00
Federal Reserve Chairman Kevin Warsh told lawmakers today that artificial intelligence-driven investment is pushing prices higher but will not create inflation. Speaking before the Senate Banking Committee, Warsh said the central bank will determine whether the price changes become inflationary. “I don’t view a one-time change in prices as necessarily being inflationary because I think ... .. read more..
New York Manufacturing Activity Surges in July
Wednesday, July 15,2026,17:00
The New York Fed’s Empire State Manufacturing Index jumped 10 points to 15.6 in July 2026, signaling a significant pickup in business activity across New York State. New orders and shipments saw strong growth, while unfilled orders rose and delivery times lengthened further. Supply availability continued to deteriorate. Employment increased at a solid pace, and ... .. read more..
Merz says reform of German debt brake faces high hurdles
Wednesday, July 15,2026,17:00
German Chancellor Friedrich Merz said Wednesday that the obstacles to reforming the country’s debt brake are extremely high. The debt brake is a constitutional provision that limits public borrowing. Merz expressed doubt about the possibility of amending the debt brake during the current government’s term. Any change to the debt brake requires a two-thirds majority ... .. read more..
US Producer Prices Record Surprise Decline
Wednesday, July 15,2026,13:00
Producer prices in the US declined 0.3% mom in June 2026, following a downwardly revised 0.6% rise in May and below forecasts of a flat reading. It is the first decrease in PPI since August 2025 and the largest since April last year. Prices of goods went down 1.4%, the most since July 2022, led ... .. read more..
Fed’s Goolsbee calls June inflation data encouraging but cautious
Wednesday, July 15,2026,13:00
Chicago Federal Reserve President Austan Goolsbee said Tuesday that consumer price inflation data for June showed encouraging signs but cautioned that one month of data is not sufficient to determine if inflation is returning to the 2% target. “I would be feeling a lot better” if there were several months of such data, Goolsbee told ... .. read more..
Tata Capital raises USD 400 million from a bond issue in the US
Wednesday, July 15,2026,11:55
Tata Capital achieved a remarkable milestone by securing USD 400 million from global bond markets through a 3.5-year tenor Fixed Rate Senior Unsecured Reg S Bond. This strategic fundraising effort, according to the managing director, enhances the company's liability profile and fosters growth. The order book received fourfold oversubscription from investors across Asia and EMEA, reflecting strong market confidence and broadening funding sources for the financial services division. .. read more..
Tata Capital raises $400 million in global bond sale
Wednesday, July 15,2026,11:55
Tata Capital successfully raised $400 million by selling dollar bonds abroad. Asian and European asset managers dominated demand for these instruments. The bonds mature in 42 months and were priced tightly. This marks Tata Capital's second overseas dollar bond sale. Fitch Ratings affirmed the company's ratings at 'BBB-' in February. .. read more..
U.S. Crude Oil Inventories Dip Less Than Expected
Wednesday, July 15,2026,10:40
Crude oil inventories in the U.S. decreased by less than expected in the week ended July 10th, according to a report released by the Energy Information Administration on Wednesday. .. read more..
New York Manufacturing Activity Picks Up Considerably In July
Wednesday, July 15,2026,10:31
A report released by the Federal Reserve Bank of New York on Wednesday showed regional manufacturing activity has picked up considerably in the month of July. The New York Fed said its general business conditions index jumped to 15.6 in July from 5.7 in June, with a positive reading indicating growth. Economists had expected the index to climb to 8.6. .. read more..
Bank Of Canada Holds Interest Rates Steady
Wednesday, July 15,2026,10:26
The Bank of Canada on Wednesday announced its widely expected decision to once again leave interest rates unchanged. The Canadian central bank said it decided to hold its target for the overnight rate at 2.25 percent, with the Bank Rate at 2.50 percent and the deposit rate at 2.20 percent. .. read more..
U.S. Producer Prices Dip More Than Expected In June As Energy Prices Plunge
Wednesday, July 15,2026,10:02
Producer prices in the U.S. decreased by more than expected in the month of June, according to a report released by the Labor Department on Wednesday. The Labor Department said its producer price index for final demand fell by 0.3 percent in June after climbing by a downwardly revised 0.6 percent in May. .. read more..
Croatia Inflation Confirmed At 4-month Low
Wednesday, July 15,2026,09:39
Consumer price inflation in Croatia moderated further in June to the lowest level in four months, as estimated initially. The consumer price index climbed 4.5 percent year-on-year in June, slower than the 5.2 percent rise in May. Inflation based on food and non-alcoholic beverages eased to 0.8 percent from 1.4 percent, and transport inflation moderated to 8.6 percent from 12.5 percent. .. read more..
Euro zone bond yields tick higher along with oil prices after big swings
Wednesday, July 15,2026,09:19
Bond yields in the Euro zone experienced a slight uptick on Wednesday, driven by rising oil prices linked to the U.S.-Iran tensions that threaten energy channels. Germany's 2-year bond yield reacted accordingly, highlighting concerns over future central bank rate increases. Although U.S. inflation reports suggested a decrease, the looming energy price pressures cast uncertainty over economic stability. .. read more..
Japan PM Takaichi says draft economic blueprint not cause of bond market rout
Wednesday, July 15,2026,09:14
Japanese Prime Minister Sanae Takaichi believes that there's no connection between her administration's economic plan and the ongoing fluctuations in the market. She pointed out that interest rates and exchange rates are shaped by multiple global dynamics. Recent discussions about political influence on monetary policy have surged, particularly after the economic blueprint highlighted the crucial role of monetary policy for strengthening the economy. .. read more..
PFC raises USD 300 mn via bonds carrying floating interest rates
Wednesday, July 15,2026,09:12
Power Finance Corporation has successfully secured USD 300 million via floating rate notes set to mature in July 2029. These instruments adhere to the Reserve Bank of India's guidelines for external borrowing. The funds raised will be allocated effectively in accordance with these regulations, with the bonds slated for listing on NSE IFSC and India INX, thereby enhancing PFC's international market engagement and funding capabilities. .. read more..
India bonds recover on softer US rate outlook; oil risk caps gains
Wednesday, July 15,2026,08:53
Indian government bonds experienced a positive turnaround on Wednesday, recovering from previous dips as soft inflation data from the US eased rate hike apprehensions. However, higher crude oil prices exerted upward pressure on US yields, which limited market gains. Steady buying from state banks and foreign entities bolstered bonds, though traders continue to navigate inflationary and fiscal uncertainties. .. read more..
US Empire Manufacturing for July 15.6 vs 5.70 last month. The estimate was 8.80.
Wednesday, July 15,2026,08:49
Prior was 5.7 (the estimate was 14.0) New orders 22.2 vs. +3.5 prior Shipments 24.4 vs. +8.6 prior Prices paid 52.3 vs. +61.0 prior Prices received 27.6 vs +31.4 prior Employment 11.4 vs +9.6 prior Supply availability -10.0 vs -13.9 prior Delivery time 13.0 versus 11.9 prior. Inventories 4.0 versus 0.0 prior. Average employee workweek 2.8 versus 5.1 prior. Unfilled orders 5.0 versus 5.0 prior 6- month forward expectations and components Six-month outlook 27.9 vs +30.1 prior new orders 33.2 versus 32.4 prior. Shipments 30.6 versus 32.2 prior. Unfilled orders -3 versus 8.9 prior. Delivery time -4.0 versus 7.9 prior. Inventories 10.0 versus 8.9 prior. Prices paid 53.0 versus 59.4 prior. Pric... .. read more..
New York Manufacturing Index Jumps Much More Than Expected In July
Wednesday, July 15,2026,08:45
A report released by the Federal Reserve Bank of New York on Wednesday showed regional manufacturing activity has picked up considerably in the month of July. .. read more..
US June PPI 5.5% vs 6.2% expected
Wednesday, July 15,2026,08:42
Prior was 6.5% PPI final demand m/m -0.3% vs 0.1% expected (prior was +1.1%) Core readings: PPI ex food and energy y/y 4.7% vs 5.2% expected Ex food and energy m/m +0.2% vs +0.4% expected Ex food energy, and trade +5.1% vs 5.1% prior This isn't a huge surprise given the downside miss in CPI yesterday but it underscores it and certainly validates it. Details: Final demand energy: -6.4% Gasoline: -12.0% Final demand services: +0.2% Final demand foods: -0.6% More: Processed goods for intermediate demand: -1.2% m/m, but +11.1% y/y Unprocessed goods: -4.1% m/m, +13.0% y/y Steel mill products: +3.6% m/m, +16.9% y/y Electronic components: +27.6% y/y Aluminum mill shapes: +52.4% y/y Diesel:... .. read more..
U.S. Producer Prices Dip More Than Expected In June
Wednesday, July 15,2026,08:39
Producer prices in the U.S. decreased by more than expected in the month of June, according to a report released by the Labor Department on Wednesday. .. read more..
May Canada manufacturing sales +1.3% vs +1.1% expected
Wednesday, July 15,2026,08:34
Prior was +4.2% sales rose in 14 of the 21 subsectors Transportation equipment +4.1% Sales of motor vehicles increased 11.8% m/m vs -4.6% prior Chemical +4.6% Electrical equipment, appliance and component subsector posted the largest decline at -5.8% Wholesales trade 0.0% vs -0.7% expected Prior wholesale trade was +0.6% Total manufacturing sales reached a record high, rising 1.3% to $78.1 billion in May in the fourth consecutive increase. On a year-over-year basis, total manufacturing sales increased 13.4% in May, highlighting some cyclical strength and a collective shrug regarding USMCA. The Bank of Canada decision is at 9:45 am ET (13... .. read more..
Irish Trade Surplus Shrinks Sharply In May
Wednesday, July 15,2026,07:57
Ireland's foreign trade surplus decreased markedly in May from a year ago as exports plunged amid a surge in imports. On an unadjusted basis, the trade surplus declined to EUR 3.4 billion in May from EUR 12.1 billion in the corresponding month last year. Exports logged an annual fall of 29.1 percent in May, while imports jumped by 17.5 percent. .. read more..
Eurozone Industrial Output Falls Unexpectedly
Wednesday, July 15,2026,07:51
Eurozone industrial output declined unexpectedly in May largely due to the fall in durable consumer goods production, official data revealed Wednesday. Industrial production slid 0.2 percent month-on-month, in contrast to the 0.3 percent rise in April. This was the first decline in four months and came in contrast to the 0.3 percent expected increase. .. read more..
investingLive European markets wrap: Oil prices hold higher, yields push up a...
Wednesday, July 15,2026,07:43
Headlines: Cooler US inflation gives markets a bit of a breather USD/JPY shrugs off the surprisingly soft US CPI as Middle East crisis keeps inflation risks alive ECB policymaker Nagel says interest rates are at appropriate level after June's decision ECB policymaker Panetta says ECB's goal is to keep inflation expectations firmly anchored, limiting second-round effects ECB policymaker Stournaras says renewed US-Iran conflict reignited inflation and growth worries PBOC reaffirms to continue implementing appropriately loose monetary policy Spain headline annual inflation confirmed at 3.2% in June Euro area industrial output falls in May, missing on estimates Markets: WTI crude up 0.6% to $... .. read more..
Bulgaria Inflation Eases More Than Estimated
Wednesday, July 15,2026,07:21
Bulgaria's consumer price inflation moderated in June to the lowest level in three months, as estimated initially. The consumer price index, or CPI, climbed 5.4 percent year-over-year in June, slower than the 6.9 percent rise in May. In the flash estimate, the inflation rate was 5.6 percent. Inflation based on transportation softened notably to 16.8 percent from 21.6 percent. .. read more..
Poland Inflation Eases As Estimated In June
Wednesday, July 15,2026,05:38
Poland's consumer price inflation eased further in June to the lowest in four months, as estimated initially. The consumer price index climbed 2.5 percent year-over-year in June, slower than the 3.1 percent increase in May. Prices for food and non-alcoholic beverages were 0.2 percent less expensive, and clothing and footwear costs continued to decline by 3.1 percent. .. read more..
Spain Inflation Remains Stable As Estimated
Wednesday, July 15,2026,05:19
Spain consumer prices posted a steady growth in June, as initially estimated, final data from the statistical office INE showed Wednesday. .. read more..
Euro area industrial output falls in May, missing on estimates
Wednesday, July 15,2026,05:08
May industrial production -0.2% vs +0.2% m/m expected Prior +0.1%; revised to +0.3% That's a notable miss on estimates with the country-level breakdown showing a sizable drop in industrial output for Ireland (-5.2%) especially. Is it another case of the volatility from the pharmaceutical and technology sectors showing up for Ireland again? This was evident in January (-10.2% drop), which also had a marked impact on Ireland's Q1 GDP as noted here at the time. Looking at the monthly breakdown: Intermediate goods -0.3% Energy production +2.2% Capital goods +0.3% Durable consumer goods -1.1% Non-durable consumer goods +0.8% It's a mixed bag but if you strip out the production of energy, then ... .. read more..
Slovakia Inflation Eases To 3.5% In June
Wednesday, July 15,2026,04:10
Slovakia's consumer price inflation softened in June to the lowest level in three months amid lower fuel and food prices. Consumer prices rose 3.5 percent annually in June, slower than the 3.8 percent increase in May. Inflation based on transportation eased to 5.3 percent from 9.4 percent due to a slowdown in the price growth of fuels and lubricants for personal transport equipment. .. read more..
10-year bond yield may trade in 6.60-6.90% range over the next month: PGIM In...
Wednesday, July 15,2026,03:33
PGIM India's Puneet Pal expects the 10-year bond yield to trade between 6.60-6.90% over the next month, citing global rate hikes and a deficient monsoon, even as he favours the short end of the curve due to improving banking liquidity and possible FCNR-led inflows. .. read more..
Japan's PM Takaichi dismisses link between government's draft economic bluepr...
Wednesday, July 15,2026,03:32
I don't think the draft economic blueprint upset markets Foreign exhcnage rates are determined by markets We aim for a strong economy and sustainable fiscal policies Interest rates and foreign exchange are determined by various factors including US interest rates and economic indicators Japan's long-term government bond yields have surged to multi-decade highs in recent weeks with analysts citing a combination of persistent inflation, concerns over the country's fiscal outlook, and uncertainty surrounding the government's economic policy direction. Japan's Prime Minister Sanae Takaichi rejected suggestions that her administration's draft economic blueprint was responsible for the market r... .. read more..
Swedish Inflation Confirmed At 0.7%
Wednesday, July 15,2026,03:21
Sweden's consumer price inflation moderated slightly as initially estimated in June. The consumer price index, or CPI, rose 0.7 percent year-over-year in June, following a 0.8 percent increase in May, which was the highest inflation in seven months. The slowdown in inflation was largely due to a continued sharp fall in costs for food and non-alcoholic beverages, which declined by 6.8 percent. .. read more..
Spain headline annual inflation confirmed at 3.2% in June
Wednesday, July 15,2026,03:07
June final CPI +3.2% vs +3.2% y/y prelim Prior +3.2% June final HICP +3.6% vs +3.6% y/y prelim Prior +3.6% Core CPI +2.9% y/y Prior +3.0% Spanish inflation holds steady in June, with headline annual inflation coming in unchanged at 3.2% as in May. Core annual inflation did ease on the month, although just marginally, down to 2.9% from 3.0% in May. With core prices continuing to hold well above the 2% mark, it's no time to be taking the eye off the prize just yet. This is one spot the ECB has to be mindful of, alongside the likes of Germany. But at the balance, the June reading here when put together with other euro area economies is still affording the ECB some flexibility in pausing in J... .. read more..
Spain June final CPI +3.2% vs +3.2% y/y prelim
Wednesday, July 15,2026,03:00
June final CPI +3.2% vs +3.2% y/y prelim Prior +3.2% June final HICP +3.6% vs +3.6% y/y prelim Prior +3.6% Core CPI +2.9% y/y Prior +3.0% More to come.. This article was written by Justin Low at investinglive.com. .. read more..
Japan Tertiary Activity Index Rises 1.1%
Wednesday, July 15,2026,02:55
Japan's tertiary activity index increased for the second straight month in May. The seasonally adjusted tertiary activity index rose 1.1 percent on a monthly basis, following 0.8 percent recovery in April. Finance and insurance, information and communications, retail trade, medical, health care and welfare, business-related services, and transport and postal activities increased. .. read more..
Tata Capital gives dollar bond guidance, final price by this week, bankers say
Wednesday, July 15,2026,02:48
Tata Capital is planning a new U.S. dollar bond issuance. The company seeks to raise between $400 million and $600 million. This debt offering will mature in three-and-a-half years. Proceeds will fund onward lending and other eligible activities. This marks Tata Capital's second dollar debt sale. .. read more..