Bank of France raises Q2 growth forecast after June rebound
Friday, July 10,2026,21:00
The Bank of France revised its second-quarter economic growth forecast upward on Thursday, citing increased activity in June across industry, services and construction sectors. The central bank now expects the euro zone’s second-largest economy to grow 0.2% in the second quarter, up from its previous estimate of flat growth. The revision follows a 0.1% contraction ... .. read more..
German Inflation Confirmed at 4-Month Low of 2.6% in May
Friday, July 10,2026,21:00
Germany’s annual inflation rate slowed to 2.3% in June 2026, confirming preliminary estimates and down from 2.6% in May. It was the lowest rate since February, as goods inflation fell to 1.7% from 2.2%, driven by easing energy price pressures (3.4% vs 6.6%), with motor fuel costs (11.3% vs 18.0% in May) and heating oil ... .. read more..
EIB Group launches second phase of tech investment initiative
Friday, July 10,2026,21:00
The European Investment Bank Group announced Friday the launch of the second phase of the European Tech Champions Initiative alongside EU27 governments and private institutional investors. The program aims to create a pan-European investment platform designed to support European technology companies in their growth to become global leaders. The initiative will mobilize up to €80 ... .. read more..
EU population continued to grow in 2025
Friday, July 10,2026,21:00
On 1 January 2026, the EU population was estimated at 452.0 million inhabitants, 706 000 more than the previous year. This was the fifth consecutive year of population growth in the EU, following a decline in 2021 during the COVID-19 pandemic. Since 2012, the negative natural change in the EU population (more deaths than births) ... .. read more..
Dallas Fed’s Logan says central clearing would help policy operations
Friday, July 10,2026,21:00
Federal Reserve Bank of Dallas President Lorie Logan said that moving to central clearing in central bank monetary policy operations would benefit the financial system. The Federal Open Market Committee “could make its open market operations more efficient and effective, and support the strength of U.S. markets more generally, by centrally clearing its operations on ... .. read more..
Fed’s Williams says energy prices have already peaked despite new Iran fighting
Friday, July 10,2026,21:00
Federal Reserve Bank of New York President John Williams said today he does not expect a sustained rise in energy prices for the rest of the year, despite renewed conflict in the Middle East. Williams told a conference at his bank that market expectations for oil prices to decline over the next six to 12 ... .. read more..
European consumers still aren’t consuming, but the way they save is changing
Friday, July 10,2026,21:00
The issue: Savings inches down, but still well above historical levels Europe still has a consumer problem. While household spending has picked up modestly in recent quarters, Europeans continue to save a much larger share of their income than before the pandemic, limiting an important driver of economic growth. For every €100 of disposable income, ... .. read more..
IMF / July 26 World Economic Outlook Update
Friday, July 10,2026,21:00
The International Monetary Fund says the global economy remains resilient despite the shock from the recent war but warns that inflation remains a concern. In its July update to the World Economic Outlook, the IMF kept its medium-term growth projections broadly unchanged while noting that progress in bringing down inflation has stalled. The IMF says ... .. read more..
China’s growth outlook upbeat due to resilience
Friday, July 10,2026,21:00
China’s economic growth, buoyed by stronger-than-expected exports and rapid artificial intelligence innovations, is expected to have remained on stable footing in the first half of the year, with major international institutions expressing growing confidence in the country’s economic outlook, economists said. While external demand for high-tech products is expected to sustain growth momentum in the ... .. read more..
Bank of Japan may raise growth forecast for fiscal 2026- report
Friday, July 10,2026,21:00
The Bank of Japan may increase its economic growth forecast for fiscal 2026 while maintaining its focus on inflation overshoot risks, as rising costs from a weak yen and strong artificial intelligence demand offset some declines in oil prices, Reuters reports. The central bank will release its quarterly report with updated growth and price forecasts ... .. read more..
Warsh’s Fed unveils heavy-hitter task forces to overhaul monetary policy
Friday, July 10,2026,17:00
In a major structural move, Federal Reserve Chairman Kevin Warsh announced the leadership for five independent task forces charged with a top-to-bottom review of the central bank’s monetary policy operations. While Warsh emphasized that the Fed’s dual mandate—price stability and maximum employment—remains unshakeable, he signaled that a rapidly evolving U.S. economy demands a modernized playbook. ... .. read more..
Baker Hughes Oil Rig Count. USA, 20:00 (GMT+2)
Friday, July 10,2026,16:00
At 20:00 (GMT+2), weekly data on the number of active oil rigs from Baker Hughes will be published. If growth continues from the current level of 445, this will exert downward pressure on energy prices. Read more .. read more..
Latvia Trade Gap Widens In May
Friday, July 10,2026,13:33
Latvia's foreign trade deficit increased in May from a year ago, as imports grew faster than exports. The trade deficit rose to EUR 374.0 million in May from EUR 301.1 million in the corresponding month last year. In April, the shortfall was EUR 249.2 million. Exports climbed 6.9 percent annually in May, and imports were 9.6 percent higher. .. read more..
Portugal Inflation Confirmed At 3.2%
Friday, July 10,2026,13:04
Portugal's consumer price inflation moderated slightly in June amid a reduction in fuel prices, in line with the flash data. The consumer price index rose 3.2 percent annually in June, slower than the 3.3 percent increase in May. The annual price growth in energy products moderated to 9.1 percent from 13.1 percent, reflecting the reduction in fuel prices. .. read more..
Romania Trade Gap Narrows In May
Friday, July 10,2026,12:16
Romania's foreign trade deficit decreased in May from a year ago as exports grew faster than imports. The trade gap dropped to EUR 2.6 billion in May from EUR 2.8 billion in the corresponding month last year. In April, there was also a shortfall of EUR 3.1 billion. Exports climbed 4.5 percent year-on-year in May, and imports were 1.9 percent higher. .. read more..
Turkey Industrial Output Remains Flat In May
Friday, July 10,2026,11:52
Turkey's industrial production stayed unchanged in May after rebounding in the previous month. Industrial output showed a flat change in May, following a 6.1 percent growth in April, which was the strongest expansion in eight months. The annual growth in manufacturing eased sharply to 0.3 percent from 6.9 percent, while the decline in mining and production deepened to 5.0 percent from 2.8 percent. .. read more..
Denmark Inflation Remains Stable In June
Friday, July 10,2026,11:25
Denmark's consumer price inflation held steady in June after rising to a 5-month high in the previous month. The consumer price index rose 1.9 percent year-over-year in June, the same as in May. The annual price growth in transportation moderated to 4.5 percent from 5.3 percent, while that in clothing and footwear accelerated to 2.3 percent from 0.1 percent. .. read more..
French Inflation Eases As Estimated
Friday, July 10,2026,11:05
France's consumer price inflation slowed in June as estimated driven by the deceleration in energy price growth, final data from the statistical office INSEE showed Friday. .. read more..
Czech Inflation Confirmed At 1.5% In June
Friday, July 10,2026,10:39
Czechia's consumer price inflation moderated as estimated in June to the lowest level in four months. Consumer prices climbed 1.5 percent year-over-year in June, slower than the 2.1 percent increase in May. Inflation based on transportation eased to 5.7 percent from 9.4 percent amid a slowdown in fuel cost spikes. .. read more..
Unemployment Rate. Canada, 14:30 (GMT+2)
Friday, July 10,2026,10:30
At 14:30 (GMT+2), Canada will release June unemployment data, which measures the percentage of registered unemployed people over 18 years old compared to the total working-age population. The indicator is expected to remain around 6.6%. Read more .. read more..
Employment change. Canada, 14:30 (GMT+2)
Friday, July 10,2026,10:30
At 14:30 (GMT+2), Canada will release June employment data, which shows changes in the number of employed citizens in the country. If the indicator increases from 87.8K and full-time employment from 154.0K, this would support the exchange rate of the national currency. Read more .. read more..
Building Permits. Canada, 14:30 (GMT+2)
Friday, July 10,2026,10:30
At 14:30 (GMT+2), Canada will release May data on the number of building permits issued, an indicator that tracks monthly changes in the number of government-approved applications for real estate construction and is one of the most important indicators of the sector’s development. If it continues the negative trend from −66.2K, this would put pressure on the position of the national currency. Read more .. read more..
U.S., Iran trade fresh strikes, threatening fragile ceasefire
Friday, July 10,2026,10:00
The U.S. launched fresh air attacks at Iran on Thursday, leading Tehran to respond with a wave of strikes on sites across the Persian Gulf, in the latest round of tit-for-tat fire that has threatened to derail an already shaky ceasefire agreement. Track developments in the Iran war with InvestingPro – now 60% off Exchanges ... .. read more..
Rates: Curve pivots and steady spreads
Friday, July 10,2026,10:00
Look for elevated real rates, steeper curves and Treasury/Bund/Swap stability Over the past few weeks, we’ve been opining on long-dated real rates as a factor of significance for bond markets. Primarily, here. There is a link, even if seemingly tenuous, with the ongoing technical and productivity revolution being discounted in the risk asset space. It’s ... .. read more..
Italy Industrial Production Shrinks 0.3%
Friday, July 10,2026,09:06
Italy's industrial production decreased for the first time in four months in May. Industrial output registered a monthly decrease of 0.3 percent in May, reversing a 0.4 percent rise in April. There was a monthly contraction of 0.8 percent in intermediate goods output and a 0.5 percent decline in consumer goods production. .. read more..
German Inflation Slows As Estimated
Friday, July 10,2026,09:05
Germany's inflation slowed to a four-month low in June, as initially estimated, final data from Destatis showed Friday. .. read more..
Norway Inflation Eases To 2.7% In June
Friday, July 10,2026,08:33
Norway's consumer price inflation eased unexpectedly to a four-month low in June. Consumer prices climbed 2.7 percent year-on-year in June, slower than the 3.1 percent increase in May. Meanwhile, the rate was expected to rise to 3.2 percent. Food and transport inflation eased, while housing and utilty costs were more expensive. .. read more..
Estonia Trade Gap Narrows In May
Friday, July 10,2026,07:36
Estonia's foreign trade deficit decreased in May from a year ago as exports grew faster than imports. The trade gap dropped to EUR 224 million in May from EUR 287 million in the same month last year. In April, the trade gap was EUR 371 million. Exports climbed 9.0 percent from last year, and imports were 4.0 percent higher. .. read more..
UK to miss out on £600m in tax due to US exemption, says HMRC
Friday, July 10,2026,05:01
HMRC has been warned it must better tackle the large risk of global firms diverting their profits overseas. .. read more..
Consumer Confidence index from the Swiss State Secretariat for Economic Affai...
Friday, July 10,2026,05:00
At 09:00 (GMT+2), the Swiss State Secretariat for Economic Affairs (SECO) will publish its consumer confidence index, which measures household spending as part of economic activity. If the indicator slows the negative dynamics from −38.0 points, this would support the franc’s position. Read more .. read more..
Industrial Production. Turkey, 09:00 (GMT+2)
Friday, July 10,2026,05:00
At 09:00 (GMT+2), Turkey will publish May data on industrial production, which captures changes in the volume of output of goods and utilities in the country. The indicator takes into account the manufacturing and mining industries, as well as the power industry. If it increases from 3.70% MoM and 6.0% YoY, this would support the Turkish lira exchange rate. Read more .. read more..
Consumer Price Index. France, 08:45 (GMT+2)
Friday, July 10,2026,04:45
At 08:45 (GMT+2), France will publish June data on the consumer price index — a key indicator of inflation that determines changes in retail prices for a certain basket of goods and services (food, transportation, utilities, healthcare, etc.). If it grows by 0.1% MoM and 2.4% YoY, and the harmonised index from −0.3% to 2.0%, respectively, this would certainly affect the rhetoric of the monetary authorities regarding interest rate adjustments. Read more .. read more..
Consumer Price Index. Germany, 08:00 (GMT+2)
Friday, July 10,2026,04:00
At 08:00 (GMT+2), German will release its June consumer price index data — a key gauge of inflation that reflects changes in retail prices across a representative basket of goods and services, including food, transportation, utilities, healthcare, and other consumer categories. If it grows from −0.3% MoM and 2.6% YoY, and the harmonised index from −0.2% to 2.7%, respectively, this would certainly affect the rhetoric of the monetary authorities regarding interest rate adjustments. Read more .. read more..
Japan Producer Price Data Due On Friday
Thursday, July 9,2026,23:01
Japan will on Friday release June figures for producer prices, highlighting a very light day for Asia-Pacific economic activity. .. read more..
Corporate Goods Price Index. Japan, 01:50 (GMT+2)
Thursday, July 9,2026,21:50
At 01:50 (GMT+2), in Japan, June data on the corporate goods price Index will be released, tracking changes in the cost of goods purchased by domestic corporations. If it increases by 0.9% MoM and by 6.3% YoY, this would support the yen quotes. Read more .. read more..
US Initial Jobless Claims Fall to 6-Week Low
Thursday, July 9,2026,21:00
The number of people claiming unemployment benefits in the US fell by 2,000 to 215,000 on the week to July 4th, below expectations that it would rise to 218,000 for the lowest count in six weeks. Meanwhile, continuing claims, which are seen as a gauge of outstanding unemployment in the US, rose by 8,000 to ... .. read more..
US Existing Home Sales Unexpectedly Fall
Thursday, July 9,2026,21:00
Existing home sales in the United States fell by 2.4% from the previous month to a seasonally adjusted, annualized rate of 4.09 million units in June of 2026, firmly below expectations that they would hold steady at 4.20 million. Sales fell in the South (-3.6% to 1.89 million), the Midwest (-3.0% to 0.98 million), and ... .. read more..
Iraq to announce political and economic partnership with U.S.
Thursday, July 9,2026,21:00
Iraq plans to reveal a political cooperation and economic partnership agreement with the United States, Prime Minister Ali al-Zaidi announced today. The statement was released by his office ahead of his scheduled visit to Washington later this month. Al-Zaidi shared the information during an interview with Saudi-owned Al Arabiya TV. The prime minister noted that ... .. read more..
Carsten: The global economy at half time
Thursday, July 9,2026,21:00
As the World Cup enters its decisive stage, it is once again reminding us that, for all the talk of shifting geopolitical and economic power, football remains largely dominated by Europe. Six of the eight quarter-finalists are European, alongside one African and one South American team. A closer look at the remaining contenders reveals another ... .. read more..
Greece Inflation Rate at 3-Month Low
Thursday, July 9,2026,21:00
The inflation rate in Greece rose by 4.4% year-on-year in May 2026, easing from 5.2% in the previous month. This marked the slowest growth in three months as costs moderated for food and non-alcoholic beverages (2.7% vs 3.5% in April), housing utilities (10.6% vs 11.6%), health (1.1% vs 1.2%), transportation (7.2% vs 11.5%), and restaurants ... .. read more..
German Exports Unexpectedly Rise in May
Thursday, July 9,2026,21:00
Germany’s exports unexpectedly increased by 0.9% month-on-month to an over 3½-year high of €137.9 billion in May 2026, accelerating from a downwardly revised 0.8% increase in April and beating market expectations of a 0.3% decline. Exports to third countries rose 3.6%, supported by a 23.1% surge in shipments to the US, Germany’s largest export market. ... .. read more..
Moderate Chinese inflation won’t stand in the way of a rate cut
Thursday, July 9,2026,21:00
CPI inflation moderated slightly in June as fuel prices dropped China’s June CPI inflation slowed down to 1.0% year-on-year, down from 1.2% in May. This came in a hair lower than forecasts (market: 1.1%, ING: 1.1%), and marked a three-month low. The primary reason for the slowdown was non-food inflation, which fell 0.4pp in June ... .. read more..
Taiwan’s trade surplus falls short of lofty expectations in June
Thursday, July 9,2026,21:00
Taiwan’s export growth slowed to 40.3% year-on-year in June, down from 51.7% YoY in May. This came in weaker than forecasts (market: 49.9%, ING: 46.9%), though this level obviously still represents very strong growth. By product, we saw quite a sharp drop in semiconductor exports on the month, slowing to 33.4% YoY from 58.3% YoY. ... .. read more..
Fed minutes show high uncertainty and evenly divided debate over rate outlook
Thursday, July 9,2026,21:00
U.S. monetary policymakers noted high uncertainty with regard to the outlook on interest rates and discussed a range of scenarios from inflationary pressures dissipating to remaining elevated, the minutes of the Federal Reserve’s June meeting showed on Wednesday. Participants at the June 16-17 meeting noted that inflation remained high and reflected in part price increases ... .. read more..
ECB minutes reveal June hike was more than just an insurance move
Thursday, July 9,2026,21:00
No, it was not an insurance rate hike, but a rate hike based on thorough analysis. This is the main message provided by ECB President Christine Lagarde at the last press conference, and it was also repeated in the just-released minutes of the meeting. While we still think that an insurance rate hike should always ... .. read more..
Lower oil prices a boon for Britain, Burnham and the Bank of England
Thursday, July 9,2026,21:00
Lower oil prices are good for Burnham and the Bank of England Britain is on the verge of its seventh prime minister in 10 years. Andy Burnham, former Mayor of Greater Manchester and newly elected MP for Makerfield, is highly likely to take over from Keir Starmer later this month. And whisper it, but his ... .. read more..
Our latest views on the major central banks
Thursday, July 9,2026,21:00
Federal Reserve A more hawkish-than-anticipated June FOMC meeting fuelled market expectations for a Federal Reserve rate hike this year. But oil prices are down sharply from their peaks (despite this week’s uptick) and if renewed tensions in the Middle East do not escalate further, the inflation backdrop should improve markedly over the coming months. Slowing ... .. read more..
German Trade Surplus Largest in 3 Months
Thursday, July 9,2026,21:00
Germany’s trade surplus widened to €19.1 billion in May 2026 from an upwardly revised €14.7 billion in April, surpassing expectations of €14.8 billion, marking the largest trade surplus since February. Exports unexpectedly increased by 0.9% mom to an over 3½-year high of €137.9 billion in May 2026, accelerating from a downwardly revised 0.8% rise in ... .. read more..
Thirty-Year Bond Auction Attracts Slightly Above Average Demand
Thursday, July 9,2026,19:27
Finishing off this week's series of announcements of the results of its long-term securities auctions, the Treasury Department revealed on Thursday that this month's auction of $22 billion worth of thirty-year bonds attracted modestly above average demand. .. read more..
China Producer Prices Rise the Most in 4 Years
Thursday, July 9,2026,17:00
China’s producer prices increased 4.1% year-on-year in June 2026, accelerating from a 3.9% rise in the previous month and matching market forecasts. It was the fourth consecutive monthly increase and the steepest pace since July 2022, driven by firmer commodity prices and rising production costs as geopolitical tensions in the Middle East continued to underpin ... .. read more..