Popular UK theme park battling to survive after being 'sledgehammered' by Rac...
Saturday, October 11,2025,05:02
EXCLUSIVE: It has been a tough summer for the tourist attraction - which Reeves herself has spoken fondly of visiting. .. read more..
U.S. Govt Has Started To Fire Federal Workers
Friday, October 10,2025,21:13
The U.S. government has started to layoff federal employees, the Office of Management and Budget's chief Russell Vought said on the 10th day of the shutdown. In a post on the social media platform X, Vought said, "The RIFs have begun." RIF is an acronym for reduction in force. .. read more..
Fed's Musalem: Feds goals are in tension
Friday, October 10,2025,17:18
The Fed's Musalem is speaking and says: Fed’s goals are in tension Inflation running high, labor market showing signs of potential weakness Balanced approach on monetary policy only works if inflation expectations are anchored Less able to respond to short-term labor market fluctuations if inflation expectations become unanchored Right now inflation expectations a little elevated up to 2 years out Long-term inflation expectations are anchored inflation materially above target. Labor market looks at full employment, could we get Expect tariff impact on inflation to fade by 2nd half of 2026. Only 10% of inflation we are seeing is tariffs Expects labor market. In some orderly way prices to s... .. read more..
Baker Hughes Oil Rig Count. USA, 20:00 (GMT+2)
Friday, October 10,2025,16:00
At 20:00 (GMT+2), Baker Hughes will publish weekly data on the number of active oil rigs. If the growth continues from the current 422, it will put pressure on energy prices. Read more .. read more..
U.S. Consumer Sentiment Virtually Unchanged In October
Friday, October 10,2025,15:39
A report released by the University of Michigan on Friday showed its reading on U.S. consumer sentiment was virtually unchanged in the month of October. The University of Michigan said its consumer sentiment index edged down to 55.0 in October from 55.1 in September. Economists had expected the index to slip to 54.2. .. read more..
Latvia Trade Deficit Narrows In August
Friday, October 10,2025,14:57
Latvia's foreign trade deficit decreased in August from a year ago, as exports grew amid a fall in imports. The trade deficit dropped to EUR 230.0 million in August from EUR 296.0 million in the corresponding month last year. In July, the shortfall was EUR 514.2 million. As compared to last year, exports rose 2.5 percent, while imports dropped by 1.6 percent. .. read more..
Turkey Retail Sales Growth Eases To 12.2%
Friday, October 10,2025,14:40
Turkey's retail sales growth moderated for the third straight month in August, though it remained sharp. The volume of retail sales climbed 12.2 percent on a yearly basis in August, slower than the 13.3 percent surge in July. Sales of food, drinks, and tobacco grew at a slower pace of 9.6 percent versus a 14.2 percent increase in July. .. read more..
Slovakia Industrial Output Shrinks Most In 17 Months
Friday, October 10,2025,14:19
Slovakia's industrial production decreased at the steepest pace in nearly one-and-a-half years in August. Industrial production fell 6.3 percent year-on-year in August, much faster than the 3.6 percent increase in July. Moreover, this was the sharpest contraction since March 2024. The downturn was primarily attributed to weakened performance in the vast majority of industrial sectors. .. read more..
Swiss Consumers Less Pessimistic In September
Friday, October 10,2025,13:25
Confidence among Swiss consumers remained slightly less negative in September. The consumer confidence index rose to -37.0 from -40 in August. The expected score was -37.0. However, the consumer sentiment index remained well below the long-term average. Meanwhile, the index worsened from -33.7 in the corresponding month last year. .. read more..
Portugal Inflation Confirmed At 2.4%
Friday, October 10,2025,12:32
Portugal's consumer price inflation eased as initially estimated in September. The consumer price index rose 2.4 percent annually in September, slower than the 2.8 percent increase in August. The annual price growth in unprocessed products remained stable at 7.0 percent, pausing seven months of consecutive rises. Energy products rebounded 0.3 percent versus a 0.2 percent decrease in August. .. read more..
Michigan Consumer Sentiment. USA, 16:00 (GMT+2)
Friday, October 10,2025,12:00
At 16:00 (GMT+2), the University of Michigan will publish its October data on changes in the consumer confidence index. The indicator is calculated monthly based on a telephone survey of at least 500 American households and tracks consumer spending, which is part of economic activity. The value can change from 55.1 points to 54.6 points, putting pressure on the American dollar. Read more .. read more..
Michigan Inflation Expectations. USA, 16:00 (GMT+2)
Friday, October 10,2025,12:00
At 16:00 (GMT+2), the University of Michigan will publish its October data on expected inflation in the US, a monthly survey that measures the percentage change in the cost of goods and services over the next 12 months. The indicator can rise from 4.7% to 4.8%. Read more .. read more..
Fed's Waller: The interview for Fed chair was great
Friday, October 10,2025,11:39
I don't know if I am a finalist for the position or not There was nothing political about the interview "It was all serious economics" There have been shutdowns before, there is a lot of private sector data to rely on Pieces of data are all telling the same story now, that the labour market is not doing great ADP data is consistent with where BLS data was heading, that is towards negative jobs growth CPI data will help a lot in the coming meeting Tariffs effect on inflation is a one-time change and can be looked through If inflation goes up and comes back down, it should not influence monetary policy The Fed needs to cut rates but also needs to be cautious about it Fed is not going to be ... .. read more..
How have interest rates expectations changed after this week's events?
Friday, October 10,2025,11:36
Rate cuts by year-end Fed: 45 bps (95% probability of rate cut at the upcoming meeting) 2026: 110 bps ECB: 2 bps (99% probability of no change at the upcoming meeting) 2026: 11 bps BoE: 6 bps (95% probability of no change at the upcoming meeting) 2026: 39 bps BoC: 25 bps (72% probability of rate cut at the upcoming meeting) 2026: 36 bps RBA: 13 bps (63% probability of no change at the upcoming meeting) 2026: 31 bps RBNZ: 20 bps (80% probability of rate cut at the upcoming meeting) 2026: 37 bps SNB: 3 bps (87% probability of no change at the upcoming meeting) 2026: 7 bps Rate hikes by year-end BoJ: 12 bps (77% probability of no change at the upcoming meeting) 2026: 40 bps *The 2026 pricing... .. read more..
Romania Q2 GDP Growth Unrevised At 0.3%
Friday, October 10,2025,11:34
Romania's economic growth held steady in the second quarter, confirming the previous estimate. On an unadjusted basis, GDP rose 0.3 percent annually in the June quarter, the same as in the preceding three-month period. The expenditure breakdown showed that final consumption expenditure of households grew 0.6 percent, and general government consumption rose by 0.2 percent. .. read more..
Denmark Inflation Rises To 2.3%
Friday, October 10,2025,11:12
Denmark's consumer price inflation increased in September after easing in the previous month. The consumer price index climbed 2.3 percent year-over-year in September, following a 2.0 percent rise in August. Inflation based on transportation accelerated to 2.0 percent from 0.6 percent, and that on housing and utilities rose to 1.6 percent from 1.3 percent. .. read more..
Czech Inflation Confirmed At 5-month Low
Friday, October 10,2025,10:51
The Czech Republic's consumer price inflation eased as initially estimated in September to the lowest level in five months. Consumer prices climbed 2.3 percent year-over-year in September, slower than the 2.5 percent increase in August. The annual price growth in food, alcohol, and tobacco softened to 2.7 percent from 4.7 percent.On a monthly basis, consumer prices dropped 0.6 percent. .. read more..
Employment Change. Canada, 14:30 (GMT+2)
Friday, October 10,2025,10:30
At 14:30 (GMT+2), Canada will release September employment data, which tracks changes in the number of employed citizens in the country. The indicator can grow from −65.5K to 2.8K, supporting the Canadian dollar. Read more .. read more..
Unemployment Rate. Canada, 14:30 (GMT+2)
Friday, October 10,2025,10:30
At 14:30 (GMT+2), Canada will release September unemployment data, which tracks the percentage of registered unemployed people over the age of 18 relative to the total working-age population. The indicator can rise from 7.1% to 7.2%, putting pressure on the Canadian dollar. Read more .. read more..
Average Hourly Earnings. US, 14:30 (GMT+2)
Friday, October 10,2025,10:30
At 14:30 (GMT+2), the US will release September data on average hourly earnings, which tracks changes in earnings for major industries, excluding agriculture. The indicator is likely to be around 0.3%. Read more .. read more..
Nonfarm Payrolls. USA, 14:30 (GMT+2)
Friday, October 10,2025,10:30
At 14:30 (GMT+2), September data on the change in nonfarm payrolls will be released in the US. It is a key indicator of employment in the country, which is calculated based on payroll data. The figure may be revised from 22.0K to 52.0K, and the same indicator for the private nonfarm sector from 38.0K to 35.0K. Read more .. read more..
Austria Production Index Drops In August
Friday, October 10,2025,10:10
Austria's production index declined in August as both the industrial and construction sectors experienced decreases, Statistics Austria reported Friday. The production index fell 2.3 percent month-on-month in August, in contrast to the 1.8 percent increase in July. .. read more..
US weekly jobless claims increased amid government shutdown, economists estimate
Friday, October 10,2025,10:00
The number of Americans filing new applications for unemployment benefits increased again last week, economists estimated on Thursday, hinting at some early layoffs of contractors related to the U.S. government shutdown. Initial claims for state unemployment benefits rose to a seasonally adjusted 235,000 for the week ending October 4 from 224,000 the prior week, economists ... .. read more..
BofA Global Research moves Fed rate cut forecast to October from December
Friday, October 10,2025,10:00
Bank of America Global Research on Friday pulled forward its forecast for the next Federal Reserve interest rate cut to October from December, citing signs of a softening labor market. It remains the only major Wall Street brokerage forecasting just one more 25-basis-point rate cut from the Fed this year, while others such as Goldman ... .. read more..
ECB's Dolenc: Monetary policy is in a good place
Friday, October 10,2025,09:25
ECB's Dolenc is Slovenia's acting central bank governor. His policy stance is neutral as he previously stated that the next move could be either a cut or a hike as the current interest rates setting is sufficient to keep inflation stable at their target. This article was written by Giuseppe Dellamotta at investinglive.com. .. read more..
Italy Industrial Output Falls Most In 8 Months
Friday, October 10,2025,09:14
Italy's industrial production declined more-than-expected in August, and at the steepest pace in eight months. Industrial output contracted 2.4 percent month-on-month in August, in contrast to the 0.4 percent increase in July. The expected fall was 0.4 percent. Production of intermediate and consumer goods fell 1.2 percent in each case, and capital goods output was 2.2 percent lower. .. read more..
Swedish Economy Rebounds In August
Friday, October 10,2025,08:34
Sweden's economy expanded strongly in August amid increased household consumption and growing production in the business sector. Gross domestic product rose 1.1 percent month-on-month in August, reversing a 0.3 percent decrease in the previous month. Industrial production advanced 5.1 percent annually in August, in contrast to the 5.3 percent decline in the prior month. .. read more..
BOJ governor Ueda set for visit to the US from 14-19 October
Friday, October 10,2025,08:18
There's no specific details on what the visit will comprise of and why he is set to spend almost a week in the US, with the BOJ policy meeting looming just around the corner. It is also being reported that BOJ deputy governor Himino is set to meet with finance officials in Washington. This is all certainly interesting with Ueda perhaps wanting to get a better feel of how things are developing in the US. That especially as the motivations for a BOJ rate hike are now challenged strongly by Sanae Takaichi's win at the LDP leadership election, even if she is not yet officially appointed as prime minister. This article was written by Justin Low at investinglive.com. .. read more..
ECB's Kazaks: ECB rate at 2% is appropriate
Friday, October 10,2025,07:52
We have delivered on the inflation target We are about neutral on ECB rates Not seeing anything extraordinary in French situation Again, they are just reaffirming their current neutral stance. They've said many times that small or short-term deviations from their 2% target won't call for a policy response. This article was written by Giuseppe Dellamotta at investinglive.com. .. read more..
Norway Inflation Rises To 3.6%
Friday, October 10,2025,07:51
Norway's consumer price inflation reached a seven-month high in September but core inflation softened to the lowest since May, official data revealed Friday. .. read more..
ECB's Escriva: Inflation remains contained
Friday, October 10,2025,07:47
Negative risks to growth have not materialized ECB members are just repeating the same thing over and over again. The easing cycle is over and they are just monitoring economic activity. This article was written by Giuseppe Dellamotta at investinglive.com. .. read more..
Dutch Industrial Output Stagnates In August
Friday, October 10,2025,07:44
The Netherlands' industrial output stalled in August after falling in the previous two months. Industrial production remained flat on an annual basis in August, following a 0.8 percent decrease in July. Production contracted in just over half of the underlying sectors. The annual export growth eased to 0.4 percent in August from 2.0 percent in July. .. read more..
UK Job Placements Fall; Staff Availability Rises Sharply
Friday, October 10,2025,07:26
UK permanent job placements declined at a softer pace and candidate supply increased sharply amid falling demand for staff in September, monthly data from S&P Global showed Friday. Permanent staff appointments dropped at the weakest pace in a year in September. That said, employers were hesitant to take on new workers due to weaker economic conditions and cost concerns, the KPMG/REC Report on Jo .. read more..
Estonian Trade Gap Widens In August
Friday, October 10,2025,07:13
Estonia's foreign trade deficit increased in August from a year ago as exports fell amid an increase in imports. The trade deficit rose to EUR 264 million in August from EUR 201 million in the same month last year. In July, the trade gap was EUR 420 million. Exports were 2.0 percent lower on a year-on-year basis in August, while imports showed an increase of 2.0 percent. .. read more..
Finland Industrial Output Falls 0.2%
Friday, October 10,2025,06:45
Finland's industrial production declined for the third straight month in August. Industrial output dropped 0.2 percent year-over-year in August, much slower than the 5.3 percent decrease in July, which was the fastest decrease since May 2024. The overall decline was mainly due to a 2.3 percent contraction in the utility sector output and a 1.0 percent fall in the mining and quarrying production. .. read more..
ECB's Villeroy says that French economy is holding up
Friday, October 10,2025,05:59
Confirms France GDP growth forecast of 0.7% for 2025 French sentiment is not very good because of political situation, economic wise remains fine Political uncertainty could affect up to 0.5% GDP growth France must keep 2029 deficit goal of 3% of GDP For next year, deficit should be within 4.8% of GDP The fiscal situation in France is rather dire at the moment with estimates indicating that the deficit to GDP is about 5.5% in 2025. Amid continued political uncertainty and struggles to find a way to reduce that, we're starting to see France fall off the map and in turn becoming the next Italy. As for debt levels, it is roughly estimated at 116% of GDP. For some context, EU rules require th... .. read more..
European Economic News Preview: Italy Industrial Output Data Due
Friday, October 10,2025,05:40
Industrial production from Italy is due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Statistics Norway releases consumer price figures for September. Inflation is forecast to remain unchanged at 3.5 percent. Simultaneously, Statistics Sweden is scheduled to publish its GDP, household spending, and industrial production reports. .. read more..
Seco Consumer Climate. Switzerland, 09:00 (GMT+2)
Friday, October 10,2025,05:00
At 09:00 (GMT+2), the Swiss State Secretariat for Economic Affairs (SECO) will publish its consumer confidence index, which assesses household spending as part of economic activity. The indicator may slow down its negative dynamics from −40.0 points to −38.0 points, nevertheless putting pressure on the franc. Read more .. read more..
Retail sales. Turkey, 09:00 (GMT+2)
Friday, October 10,2025,05:00
At 09:00 (GMT+2), Turkey will publish August data on retail sales, an indicator that records the monthly volume of goods retailers sold based on a sample of stores of different types and sizes. It is an important indicator of household spending, which is also linked to the consumer confidence index. It can grow by −0.2% MoM and by 13.0% YoY, supporting the lira. Read more .. read more..
ANZ expects only one more RBNZ rate cut, in November, after front-loaded easing
Friday, October 10,2025,03:18
ANZ says the Reserve Bank of New Zealand’s 50-basis-point cut to the Official Cash Rate this week represents a front-loading of its earlier easing plans, rather than a shift toward a more aggressive policy stance. The central bank’s balanced tone leaves the door open to a pause or further cuts of either 25 or 50 basis points at the next meeting in November, depending on how incoming data evolve, ANZ wrote. The bank now expects a final 25bp reduction next month, taking the OCR to 2.25%, which it sees as the end of the current easing cycle. Risks remain “on both sides,” ANZ said — weaker data could justify a larger move, but the bar for upside surprises in activity is now relatively low, ra... .. read more..
Fed's Daly says inflation has come in much lower than feared
Friday, October 10,2025,01:51
Federal Reserve Bank of San Francisco President Mary Daly Inflation has come in much less than had feared Labor market is to a point where softening looks like could be more worrisome if don’t risk manage it Policy is still modestly restrictive after Sept rate cut Fed is also projecting more cuts, part of risk management Daly is reported as saying "Inflation has come in much less than had feared". "Lower than feared" would seem better. More, warns about being too extreme on AI: If overly doomsaying about AI you might be wrong, if overly enthusiastic you might be disappointed Good reason to think AI could be transformational, but can’t jump to that conclusion Slowing economy is speeding ad... .. read more..
PBOC sets USD/ CNY reference rate for today at 7.1048 (vs. estimate at 7.1329)
Friday, October 10,2025,01:15
The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a "band," around a central reference rate, or "midpoint." It's currently at +/- 2%. The previous close was 7.1309 In Open market operations (OMOs) the PBOC inject 409bn yuan at an unchanged rate of 1.4% net drain of 191bn yuan after maturites today This article was written by Eamonn Sheridan at investinglive.com. .. read more..
PBOC is expected to set the USD/CNY reference rate at 7.1329 – Reuters estimate
Friday, October 10,2025,00:24
People's Bank of China USD/CNY reference rate is due around 0115 GMT. The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a "band," around a central reference rate, or "midpoint." It's currently at +/- 2%. How the process works: Daily midpoint setting: Each morning, the PBOC sets a midpoint for the yuan against a basket of currencies, primarily the US dollar. The central bank takes into account factors such as market supply and demand, economic indicators, and i... .. read more..
Japan Producer Prices Add 0.3% On Month In September
Friday, October 10,2025,00:06
Producer prices in Japan were up 0.3 percent on month in September, the Bank of Japan said on Friday. .. read more..
Japan Bank Lending Climbs 3.8% On Year In September
Friday, October 10,2025,00:03
The value of overall bank lending in Japan was up 3.8 percent on year in September, the Bank of Japan said on Friday - coming in at 647.891 trillion yen. .. read more..
ICYMI: NY Fed’s Williams backs further rate cuts to shore up labour market
Thursday, October 9,2025,22:47
New York Federal Reserve President John C. Williams said he supports more interest rate cuts this year to protect a softening labour market, even though inflation has risen above the Fed’s 2% goal in recent months. In an interview with The New York Times, Williams said the economy is not near recession but signs of slowing job growth and cautious corporate hiring justify attention. As a permanent voting member of the FOMC and close ally of Chair Jerome Powell, his stance carries weight within the Fed. Williams argued the central bank has room to support employment because inflation pressures from President Trump’s tariffs are likely to fade. He expects inflation to rise toward 3% while un... .. read more..
Reserve Bank of Australia Governor Bullock says services inflation remains a ...
Thursday, October 9,2025,22:09
Reserve Bank of Australia Governor Bullock and Assistant Governor (Financial Markets) Christopher Kent are giving testimony in parliament this morning Sydney time Bullock says services inflation remains a little sticky Labour market still a little bit tight, could be close to balance Labour market in a good place Consumption is beginning to recover Q2 inflation was a little higher than expectations, but moving in right direction Must be cautious as the monthly CPI data are volatile Dwelling costs and services are a little higher than expected Risks are relatively balanced on inflation We remain data driven on policy Forward indicators of labour market have been broadly stable --- Backgrou... .. read more..
No Change For New Zealand Performance Of Manufacturing Index - BusinessNZ
Thursday, October 9,2025,22:05
The manufacturing sector in New Zealand continued to contract in September, albeit barely, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 49.9. .. read more..
Japan Producer Price Data Due On Friday
Thursday, October 9,2025,22:00
Japan will on Friday release September figures for producer prices and bank lending, highlighting a light day for Asia-Pacific economic activity. Producer prices are expected to rise 0.1 percent on month and 2.5 percent on year after slipping 0.2 percent on month and adding 2.7 percent on year in August. Overall bank lending is tipped to climb 3.7 percent on year, up from 3.6 percent in the previous month. .. read more..
Producer Price Index. Japan, 01:50 (GMT+2)
Thursday, October 9,2025,21:50
At 01:50 (GMT+2), in Japan, September data on the Corporate Goods Price Index will be released, recording changes in the cost of products purchased by domestic corporations. It may change from 2.7% to 2.5% YoY and from –0.2% to 0.1% MoM. Read more .. read more..