Australia NAB Business Conditions Rise Marginally; Sentiment Weakens
Tuesday, March 11,2025,06:15
Australia's business conditions improved marginally in February, while business sentiment deteriorated taking the index back into negative territory, survey data from the National Australia Bank showed on Tuesday. .. read more..
Machine tool orders. Japan, 08:00 (GMT+2)
Tuesday, March 11,2025,05:00
At 08:00 (GMT+2), February data on the volume of orders in the Japanese machinery sector, one of the main items of national export, is due. The growth of the indicator indicates the expansion of production, acting as a catalyst for the growth of gross domestic product (GDP). It may decrease from 11.2% to 4.7%, putting pressure on the yen. Read more .. read more..
China-US Trade War: US Auto Sector Braces for China Tariff Fallout as EV Riva...
Tuesday, March 11,2025,03:22
China’s 2025 growth outlook contrasts with US recession risks. Will Beijing’s stimulus offset the impact of a worsening trade war? .. read more..
Bank of Finland Governor and ECB monetary policy maker Olli Rehn speaking Tue...
Tuesday, March 11,2025,01:49
0900 GMT/ 0500 US Eastern time, a press conference in Helsinki in connection with the publication of fresh forecasts for the Finnish economy Bank of Finland Governor and ECB monetary policy maker Olli Rehn Speaking on monetary policy and outlook for the Finnish and euro area economies The path ahead for the cecbb has become less clear, ears open for what Rehn has to say later This article was written by Eamonn Sheridan at www.forexlive.com. .. read more..
PBOC sets USD/ CNY central rate at 7.1741 (vs. estimate at 7.2597)
Tuesday, March 11,2025,01:15
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 7.2595 PBoC injects 37.7bn yuan via 7-Day Reverse Repos at 1.5% 38.2bn mature today net drains 0.5bn yuan in Open Market Operations This article was written by Eamonn Sheridan at www.forexlive.com. .. read more..
PBOC is expected to set the USD/CNY reference rate at 7.2597 – Reuters estimate
Tuesday, March 11,2025,00:18
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 Household Spending Adds 0.8% On Year In January
Tuesday, March 11,2025,00:14
The average of household spending in Japan was up 0.8 percent on year in January, the Ministry of Internal Affairs and Communications said on Tuesday - coming in at 305,521 yen. .. read more..
Japan GDP Adds 0.6% On Quarter In Q4
Tuesday, March 11,2025,00:09
Japan's gross domestic product expanded a seasonally adjusted 0.6 percent on quarter in the fourth quarter of 2024, the Cabinet Office said in Tuesday's second preliminary estimate. .. read more..
BRC retail sales. UK, 02:01 (GMT+2)
Monday, March 10,2025,23:01
At 02:01 (GMT+2), the British Retail Consortium (BRC) will publish its January retail sales data, an indicator that considers the dynamics of sales in stores opened at least a year ago, based on information regularly provided by them. It may fall from 2.5% to 1.9%, putting pressure on the pound. Read more .. read more..
Bank of Canada’s rate decision on Wednesday is shaping up to be a tight call
Monday, March 10,2025,23:00
The Bank of Canada’s rate decision on Wednesday is shaping up to be a tight call, with RBC expecting policymakers to hold rates steady for the first time since April 2024. While the base case assumes a pause in the current easing cycle, the risk of U.S. trade disruptions could still push the central bank toward a seventh consecutive rate cut. With economic uncertainty lingering, markets will be watching for any signals on the future path of monetary policy. A decision to hold would mark a shift in strategy, suggesting policymakers see enough resilience in domestic conditions to pause further stimulus, despite external risks. Bank of Canada stair step down in rates. The first cut of this c... .. read more..
Gross domestic product. Japan, 01:50 (GMT+2)
Monday, March 10,2025,22:50
At 01:50 (GMT+2), Japan will release Q4 data on gross domestic product (GDP), the main indicator reflecting the state of the national economy, which considers domestic consumption, investment, government spending, and exports. It may change from 0.3% to 0.7% QoQ, and the deflator from 2.4% to 2.8%, supporting the yen. Read more .. read more..
Australian weekly consumer confidence survey slumps again, to 86.9 (prior 87.7)
Monday, March 10,2025,22:34
ANZ-Roy Morgan Australian Consumer Confidence index 86.9 prior week 87.7 Below 100 means pessimists outnumber optimists. ANZ comment: still 1.8pts higher than before the RBA cut the cash rate decline may be partly attributable to ex-Tropical Cyclone Alfred and its impacts This article was written by Eamonn Sheridan at www.forexlive.com. .. read more..
Household spending. Japan, 01:30 (GMT+2)
Monday, March 10,2025,22:30
At 01:30 (GMT+2), Japan will release January data on household spending, which records the monthly change in spending adjusted for inflation, being an important indicator of economic growth. It may change from 2.7% to 3.7% YoY and from 2.3% to –1.9% MoM, putting pressure on the yen. Read more .. read more..
German spending plans are dangerous without cost cuts, banker warns
Monday, March 10,2025,22:00
Plans in Germany for big increases in infrastructure and defence spending are going too far and pose a danger to public finances, the president of the nation’s cooperative banks warned on Monday. Last week, the parties hoping to form Germany’s next government agreed to create a 500-billion-euro infrastructure fund and overhaul borrowing rules, a tectonic ... .. read more..
Germany’s debt brake reform: far from a done deal
Monday, March 10,2025,22:00
Markets have shown signs of euphoria over the prospect of a historic fiscal boost in Europe’s largest economy. But, as Deutsche Bank cautions, the debt brake reform planned by Germany’s prospective government is far from a done deal and there are “considerable” execution risks. Although its base case is for the reform to pass, DB ... .. read more..
German industrial production rises, but exports fall
Monday, March 10,2025,22:00
German industrial output rose in January but exports plunged, showing the challenges facing the incoming government in reviving the euro zone’s largest economy in a time of geopolitical uncertainty. German exports fell by 2.5% in January compared with the previous month, data from the federal statistics office showed on Monday. The result compared with a ... .. read more..
UK employers slow hiring, pay growth cools, survey shows
Monday, March 10,2025,22:00
Britain’s jobs market cooled in February as the pace of hiring slowed and starting salaries rose by the least in four years, according to a survey on Monday that underscores firms’ concerns about higher employment costs and a soft economy. The Recruitment and Employment Confederation said its measure of growth in starting pay for people ... .. read more..
Greek EU-harmonised inflation eases to 3.0% y/y in February
Monday, March 10,2025,22:00
Greece’s annual EU-harmonised inflation slowed to 3.0% in February from 3.1% in January, data from statistics service ELSTAT showed on Monday. Month-on-month consumer inflation remained unchanged at 0.1%. The cost of food and non-alcoholic beverages rose 0.2% year-on-year in February, with prices of hotels, cafes and restaurants up by 7.5%, the data showed. EU-harmonised inflation ... .. read more..
Germany’s showdown on historic fiscal stimulus is approaching
Monday, March 10,2025,22:00
At the end of a historic week for Germany, which started with the announcement of a €500bn investment fund, changes to the debt brake to allow for higher defence spending, and the removal of the balanced-budget restriction for state governments, the CDU/CSU and SPD have already presented a draft law. This draft law proposes official ... .. read more..
Japan’s tightening job market pushes more firms under, survey shows
Monday, March 10,2025,22:00
Japan may see corporate bankruptcy cases hit an 11-year high in the fiscal year to March as some firms go under due to a lack of workers, a think tank survey showed, a sign of the strain intensifying job shortages are inflicting on the economy. The survey highlights the cost felt by some firms from ... .. read more..
EU firms’ barriers to Russia re-entry are sky-high
Monday, March 10,2025,22:00
Europe’s biggest companies are increasingly being obliged to think the unthinkable. U.S. President Donald Trump’s desire for a Ukraine peace deal raises the possibility that those groups who left sharply after the February 2022 Russian invasion – like $165 billion Zara owner Inditex ITX, $17 billion Carlsberg CARL_A and $16 billion Renault RNO – can ... .. read more..
Trump’s tariffs raise recession red flags
Monday, March 10,2025,22:00
It was a nervy start to the week for markets, led by an uncharacteristically steep decline for Wall Street futures early in the Asian day. U.S. President Donald Trump seems to be at the centre of investor worries, sidestepping a question in a Fox News interview on Sunday about whether his trade tariffs could trigger ... .. read more..
Trump says government shutdown is possible, but expects to avert it
Monday, March 10,2025,22:00
U.S. President Donald Trump said on Sunday that a government shutdown “could happen” if the House of Representatives cannot muster enough votes to pass a temporary funding bill, but he remains optimistic the measure will get approved. “It could happen. It shouldn’t have happened, and it probably won’t. I think the CR is going to ... .. read more..
China’s trade data points to weak start to 2025
Monday, March 10,2025,22:00
Exports grew just 2.3% year on year in the first two months of 2025 to USD 539.9bn. Though well below market forecasts for a 5.9% YoY increase, it was a bit stronger than our more cautious forecasts. Today’s data from the Customs Administration offered our first real look at China’s early 2025 trade performance. For ... .. read more..
EU trade chief says U.S. not seeking deal to avert tariffs
Monday, March 10,2025,22:00
The Trump administration does not seem to be engaging in talks to avert trade conflict with the European Union, the EU’s trade chief said on Monday, two days before the United States is set to impose tariffs on all steel and aluminium imports. European Trade Commissioner Maros Sefcovic told reporters in Brussels that he had ... .. read more..
Chinese investors privately take stakes in Elon Musk’s companies, FT reports
Monday, March 10,2025,22:00
Wealthy Chinese investors are funneling tens of millions of dollars into private companies controlled by billionaire Elon Musk, using an arrangement that shields their identities from public view, the Financial Times reported. The investments are being placed through special-purpose vehicles to avoid the ire of U.S authorities and companies wary of Chinese capital during a ... .. read more..
Five years on, the economic impact of COVID-19 lingers
Monday, March 10,2025,22:00
Five years after the World Health Organization first described the COVID-19 coronavirus outbreak as a pandemic, its effects are still being felt on the global economy. COVID-19 and efforts to contain it triggered record government debt, hit labour markets and shifted consumer behaviour. Inequality has increased, while remote work, digital payments and changes in travel ... .. read more..
Japan close to reaching BOJ’s price goal, PM Ishiba says
Monday, March 10,2025,22:00
Japanese Prime Minister Shigeru Ishiba said on Monday the central bank was close to achieving its 2% inflation target. “The Bank of Japan is taking various steps to achieve stable prices,” Ishiba told parliament, when asked by an opposition lawmaker whether Japan’s economy was in an ideal state in which inflation was rising in tandem ... .. read more..
Five years on, the economic impact of COVID-19 lingers
Monday, March 10,2025,22:00
Five years after the World Health Organization first described the COVID-19 coronavirus outbreak as a pandemic, its effects are still being felt on the global economy. COVID-19 and efforts to contain it triggered record government debt, hit labour markets and shifted consumer behaviour. Inequality has increased, while remote work, digital payments and changes in travel ... .. read more..
January growth indicates German industry may have hit bottom
Monday, March 10,2025,22:00
German industry started the year on a more positive note, increasing by 2% month-on-month in January, from -1.5% MoM in December. On the year, industrial production is still down 1.6%. At the same time, the frontloading of exports, anticipating looming tariffs, stopped as German exports dropped 2.5% MoM in January. As imports increased by 1.2% ... .. read more..
Major brokerages continue to expect slower pace of Fed rate cuts after payrol...
Monday, March 10,2025,22:00
Major Wall Street brokerages backed their predictions for a slower pace of interest-rate cuts by the Federal Reserve in 2025, after data showed the U.S. economy created fewer jobs than expected in February and as President Donald Trump’s tariff announcements add to economic uncertainty. Data on Friday showed nonfarm payrolls increased by 151,000 jobs last ... .. read more..
White House official expects Q1 GDP to ‘squeak’ into positive category
Monday, March 10,2025,22:00
White House economic adviser Kevin Hassett on Monday said he expected uncertainty about President Donald Trump’s trade policies to be resolved next month, and predicted first quarter GDP data would be positive, albeit slightly. In an interview with CNBC, Hassett, who heads the National Economic Council, said there were many reasons to be bullish about ... .. read more..
Europe faces stark choices over Russian asset seizure
Monday, March 10,2025,22:00
Growing challenges to the euro’s status as a reserve currency in a fast-changing global economy are, for now, staying the hand of European capitals as they weigh up the repercussions of a potential seizure of frozen Russian assets. Nevertheless, Europe faces an increasingly urgent need to help bankroll Ukraine’s survival as President Donald Trump looks ... .. read more..
Japan GDP Data Due On Tuesday
Monday, March 10,2025,21:59
Japan will on Tuesday release Q4 figures for gross domestic product, highlighting a modest day for Asia-Pacific economic activity. .. read more..
NY Fed: Worry over outlook increases amid stable inflation expectations
Monday, March 10,2025,18:00
Americans grew more worried about the economic outlook in February even as their expectations of the future path of inflation were little changed, a report on Monday from the Federal Reserve Bank of New York said. According to the bank’s latest Survey of Consumer Expectations, inflation a year from now is seen at 3.1%, up ... .. read more..
Greek industrial output rises 2.0% y/y in January
Monday, March 10,2025,18:00
Greek industrial output rose by 2.0% year-on-year in January, after a 5.8% increase in December, data from statistics service ELSTAT showed on Monday. A breakdown of index components showed manufacturing production rose 1.4% from the same month in 2024. Electricity output was up by 4.3% year-on-year, and mining production was down by 6.4%. Compared to ... .. read more..
Trump says US economy in ‘transition’ as trade war escalates
Monday, March 10,2025,18:00
US President Donald Trump has refused to say whether the US economy is facing a recession or price rises in the wake of his administration’s changes to tariff threats against some of its closest trading partners. Asked if he was expecting a recession this year, Trump said there was a “period of transition” taking place. ... .. read more..
Euro zone investor morale brightens substantially in March
Monday, March 10,2025,18:00
Investor morale in the euro zone brightened substantially in March, with economic expectations hitting their highest reading since July 2021, a survey showed on Monday, as Germany’s plans for new debt contributed to the positive sentiment. The overall Sentix index for the currency union shot up to -2.9 in March from -12.7 in February, beating ... .. read more..
Stephen Moore: Tariffs 'are not a pick-me-up' for economy
Monday, March 10,2025,16:23
President Trump’s former economic adviser Stephen Moore criticized the president’s approach to tariffs, saying the strategy does not provide the boost the already “wobbly” U.S. economy needs. “I think that the president’s emphasis on tariffs right now is misguided,” Moore said in an interview on Fox News’s “Sunday Night in America with Trey Gowdy.” “We... .. read more..
Latvia Inflation Rises To 3.7%, Highest In 18 Months
Monday, March 10,2025,14:42
Latvia's consumer price inflation accelerated in February to the highest level in one-and-a-half years. The consumer price index rose 3.7 percent year-on-year in February, faster than the 3.0 percent increase in January. Food prices grew 5.7 percent annually in February compared to 4.6 percent in the prior month. Health costs were 4.4 percent more expensive. .. read more..
Turkish Industrial Output Growth Eases To 1.2%
Monday, March 10,2025,14:30
Turkey's industrial production expanded for the third straight month in January, though at a slower pace. Industrial production posted an annual increase of 1.2 percent in January, much slower than the 7.0 percent growth in December, which was the quickest expansion in ten months. Among sectors, the annual growth in manufacturing production moderated to 1.2 percent from 6.7 percent. .. read more..
Swiss Consumer Confidence Weakens In February
Monday, March 10,2025,14:03
Swiss consumer confidence dropped to -33.6 in February from -29.3 in the previous month. The expected score was -28.0. Nonetheless, the index improved from the previous year's reading of -42.3. Among the four components, three of them improved from last year's level. The economic outlook index worsened to -37.3 from -31.9. .. read more..
Lithuania Inflation Eases Slightly To 3.5%
Monday, March 10,2025,12:58
Lithuania's consumer price inflation softened marginally in February from a 16-month high in the previous month. The consumer price index rose 3.5 percent year-on-year in February, after a 3.6 percent increase in January. Inflation based on transportation eased to 3.4 percent from 5.5 percent. A 1.5 percent fall in clothing and footwear prices also had a dampening effect on inflation. .. read more..
Tech bros are missing the obvious about growth — it really isn't hard to see ...
Monday, March 10,2025,12:44
It's astounding to see the same type of people make the same mistake over and over when the answer is clear to the rest of the country. .. read more..
Swedish GDP, Industrial Output Contracts In January
Monday, March 10,2025,12:32
Swedish economy and industrial production shrank for the first time in three months in January. Gross domestic product dropped 0.5 percent month-on-month in January, reversing a 0.5 percent growth in December. Weaker household consumption as well as lower production in manufacturing and construction contributed to the contraction. On a yearly basis, GDP expanded 2.0 percent. .. read more..
Slovenia Industrial Production Grows 3.4% In January
Monday, March 10,2025,12:05
Industrial production in Slovenian rose in January mainly driven by a surge in output in the mining and quarrying sector, preliminary data from the statistical office showed on Monday. The total value of industrial production grew 3.4 percent year-on-year in January led by a 26.7 percent jump in output in the mining and quarrying industry. .. read more..
Italian Producer Prices Rise 1.6%
Monday, March 10,2025,11:58
Italy's producer prices increased for the fourth straight month in January. Producer prices rose 1.6 percent monthly in January, faster than the 0.6 percent gain in December. The upward trend was mainly driven by a 5.0 percent rise in energy costs. Prices for consumer goods and capital goods grew 0.3 percent each. .. read more..
Norway Inflation Climbs To 10-Month High
Monday, March 10,2025,11:27
Norway's consumer price inflation accelerated in February to the highest level in nearly a year. The consumer price index registered an annual growth of 3.6 percent after rising 2.3 percent in January. The annual price growth in food and non-alcoholic beverages accelerated to 7.5 percent from 5.0 percent. Producer price inflation surged to 23.3 percent in February from 18.1 percent in January. .. read more..
China’s deflationary pressures deepen in February
Monday, March 10,2025,11:00
China’s consumer price index in February missed expectations and fell at the sharpest pace in 13 months, while producer price deflation persisted, as seasonal demand faded and households remained cautious about spending amid job and income worries. Beijing last week vowed greater efforts to boost consumption in the face of an escalating trade war with ... .. read more..
China’s Wide Budget Deficits Set to Drive Further Rise in Debt
Monday, March 10,2025,11:00
The step-up in fiscal stimulus announced by China’s government for 2025 will support the economic outlook, but the large budget deficit points to a continued rise in government debt in the next few years, says Fitch Ratings. Deteriorating public finances were the key factor behind our decision to revise the Outlook on China’s ‘A+’ sovereign ... .. read more..