Dutch Jobless Rate Falls To 11-month Low
Thursday, July 16,2026,06:31
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..
Labour brings British Steel under public ownership - 'losing £700k a day'
Thursday, July 16,2026,06:00
Keir Starmer says the decision secures the future of UK steelmaking .. read more..
Bank Of Korea Hikes Policy Rate For First Time Since 2023
Thursday, July 16,2026,05:53
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..
Gross Domestic Product. United Kingdom, 08:00 (GMT+2)
Thursday, July 16,2026,04:00
At 08:00 (GMT+2), the UK will release May gross domestic product data — the primary indicator reflecting the state of the national economy, encompassing domestic consumption, investment, government spending, and exports. If the indicator increases from −0.1% MoM and from 1.2% YoY, this would support sterling quotes. Read more .. read more..
Trade Balance. United Kingdom, 08:00 (GMT+2)
Thursday, July 16,2026,04:00
At 08:00 (GMT+2) the UK will publish May data on the trade balance, an indicator that records the difference between the number of payments for exported and imported goods. If the negative trend slows down from the current −26.05B pounds, this would put pressure on the UK national currency. Read more .. read more..
Industrial Production. United Kingdom, 08:00 (GMT+2)
Thursday, July 16,2026,04:00
At 08:00 (GMT+2), the UK will publish March data on industrial production, an indicator that records changes in the volume of industrial goods and public services output in the country. The indicator takes into account the manufacturing and mining industries, as well as the power industry. If the indicator continues its downward trajectory from –0.2% MoM and 0.0% YoY, this would exert pressure on the euro. Read more .. read more..
Senior BOJ official: Delay in adjusting rates could lead to economic downtur...
Thursday, July 16,2026,03:23
Senior BOJ official: When upside inflation risk high as is the case now, delay in adjusting degree of stimulus could materialise such risk, lead to economic downturn in future Appropriate monetary policy would achieve stable inflation, put economy in sustainable growth path This article was written by Eamonn Sheridan at investinglive.com. .. read more..
BOK delivers unanimous 25bp hike to 2.75%, flags persistent inflation
Thursday, July 16,2026,01:50
The hike matches what was unanimously expected across the 10 institutional forecasts covered ahead of the decision, meaning market focus will center on the accompanying guidance rather than the move itself. The central bank's upgraded growth outlook and above-target inflation warning point to a data-dependent but still-alert stance on further tightening, with household debt, Seoul housing prices and currency volatility flagged as key variables to watch. Continued references to semiconductor sector uncertainty, Middle East developments and shifting trade conditions suggest the BOK is keeping its options open on the pace of any additional hikes. --- The Bank of Korea delivered its widely ex... .. read more..
PBOC sets USD/ CNY reference rate for today at 6.7909 (vs. estimate at 6.7577)
Thursday, July 16,2026,01:21
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. M ore here. The previous close was 6.7697 Injects 626bn yuan via 7-day reverse repos in open market operates today. Unchanged rate of 1.4% This article was written by Eamonn Sheridan at investinglive.com. .. read more..
Australian Consumer Inflation Expectations fall to 4.7% in July 2026 (prior 5...
Thursday, July 16,2026,01:09
The Consumer Inflation Expectations survey is conducted by the Melbourne Institute, whose consumer inflationary expectations measures are designed to represent the average householder's expected rate of consumer price changes over the coming 12 months. Its officially known as the Melbourne Institute Survey of Consumer Inflationary and Wage Expectations, run out of the University of Melbourne, and its data feeds into the Reserve Bank of Australia's broader inflation monitoring. This article was written by Eamonn Sheridan at investinglive.com. .. read more..
Bank of Korea raises interest rate by 25bp, as widely expected
Thursday, July 16,2026,00:56
Unanimously expected: https://investinglive.com/central-banks/unanimous-forecasts-point-to-bank-of-korea-rate-hike-today-as-won-weakness-bites Governor Shin Hyun Song will hold a press conference at 0210 GMT/2210 US Eastern time. Earlier: https://investinglive.com/stock-market-update/japan-s-nikkei-down-3-and-south-korea-s-kospi-down-6 This article was written by Eamonn Sheridan at investinglive.com. .. read more..
PBOC is expected to set the USD/CNY reference rate at 6.7577 – Reuters estimate
Thursday, July 16,2026,00:24
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade within a prescribed band around a central reference rate, or midpoint, set each trading day by the PBOC. The current trading band permits the currency to move plus or minus 2% from the official midpoint during onshore trading hours. Each morning, the PBOC determines the midpoint based on a range of inputs. These include the previous day’s closing price, movements... .. read more..
Unanimous forecasts point to Bank of Korea rate hike today as won weakness bites
Wednesday, July 15,2026,23:36
Unanimity across forecasters suggests the hike itself is fully priced, meaning the real market focus will be on the tone of the governor's guidance, particularly any signal on the pace and timing of further tightening. With the won under depreciation pressure and inflation above target, analysts see room for the central bank to reinforce a hawkish stance without necessarily committing to a fixed rate path. FX markets may react more to comments on currency weakness than to the hike itself, given several analysts flagged guidance as the more important variable this time around. --- Economists are unanimous that the Bank of Korea will hike rates by 25bp Thursday, with attention now shifting ... .. read more..
Weak yen, a 40 year low, a bigger worry than BOJ hikes for many Japanese firms
Wednesday, July 15,2026,23:29
The survey underscores how yen weakness is now a bigger earnings concern for many Japanese firms than the BOJ's tightening path itself, with more than half viewing the currency's slide as a net negative despite the usual boost it gives exporters. That's a notable shift given the yen's historical role as a tailwind for Japan Inc, and points to rising import cost pressure, particularly with energy prices elevated due to the Middle East conflict. With companies split on where they'd like to see dollar/yen settle, and the BOJ's next meeting on July 30-31, currency policy and rate guidance are likely to stay in focus for corporate Japan in the near term. --- More than half of Japanese firms sa... .. read more..
St. Louis Fed research floats new way to measure underlying inflation
Wednesday, July 15,2026,22:51
The research does not change Fed policy directly, but it lands as new Fed Chair Kevin Warsh has flagged inflation measurement as a priority, having set up task forces on data and inflation frameworks. If adopted or discussed by policymakers, a measure like this could shift how officials interpret near-term inflation data, particularly at a time when oil price swings tied to the Iran conflict are distorting headline readings. Markets watching for clues on the Fed's rate path may pay closer attention to how officials talk about "underlying" inflation in coming meetings. --- St. Louis Fed research suggests the Fed could better track underlying inflation by removing only gasoline and fuel pri... .. read more..
Former Fed official sentenced to 38 months in prison, lied about information ...
Wednesday, July 15,2026,22:21
The case is unlikely to move markets directly, but it reinforces longstanding concerns in Washington about the Federal Reserve as a target for foreign intelligence gathering, given Rogers's former access to sensitive economic forecasts and briefing materials for rate-setters. The episode may draw renewed scrutiny to information security practices around Fed staff with international contacts, particularly those involving China. No immediate policy or personnel implications for the Fed have been indicated. --- A former senior Fed adviser was sentenced to 38 months in prison for lying about sharing restricted information with contacts in China, though a jury cleared him of espionage. Summary... .. read more..
South Korea Rate Decision On Tap For Thursday
Wednesday, July 15,2026,22:03
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 15,2026,21:00
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 15,2026,21:00
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 15,2026,21:00
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 15,2026,21:00
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 15,2026,21:00
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 15,2026,21:00
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 15,2026,21:00
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 15,2026,21:00
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 15,2026,21:00
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 15,2026,21:00
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..
Economic and event calendar in Asia 16 July 2026 - Fed speaker
Wednesday, July 15,2026,20:25
It's a sparse calendar today, Musalem the highlight. He has taken a hawkish stance heading into mid-2026. In late May, he warned a rate hike may be necessary if inflation does not ease in the next six months, adding that "if we don't see disinflation in the next one to two quarters, that would concern me." With inflation still running hot, he's positioned among the Fed's more hawkish voices. This article was written by Eamonn Sheridan at investinglive.com. .. read more..
Fed Beige Book: Growth Continues, Uncertainty Lingers
Wednesday, July 15,2026,18:16
Economic activity increased at a slight to moderate pace in 11 of the 12 Federal Reserve districts during late May and June. One district reported no change in economic activity. Contacts generally expect the economy to continue expanding in the coming months. Several districts highlighted elevated uncertainty tied to fuel costs. Employment rose on balance across the districts. Five districts reported modest, moderate, or solid employment gains. Seven districts experienced little or no change in employment. Prices increased moderately overall. Nine districts reported moderate growth, two reported robust growth, and one reported slight growth in prices. Compared with the previous Beige Boo... .. read more..
Fed's Cook: It is prudent to wait a bit longer for inflation to slow, but is ...
Wednesday, July 15,2026,17:29
Fed reserve Gov. Lisa Cook is speaking and says: It is prudent to wait a bit longer for inflation to slow, but is prepared to act if it does not occur soon. Since last summer there has been a notable shift in risks toward higher inflation and away from the labor market, although the overall balance of risks appears stable. There is reason to think disinflation will continue, but risks remain that price pressures could persist due to tariffs, the Middle East conflict, and AI investment. Inflation expectations remain anchored, but that depends on appropriate monetary policy, and policymakers cannot take their eye off the ball. Comments are somewhat concerned about inflation, but w... .. read more..
US Producer Prices Record Surprise Decline
Wednesday, July 15,2026,17:00
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 15,2026,17:00
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..
Fed Chair Warsh in the Senate testifies in front of the Senate Banking Commit...
Wednesday, July 15,2026,15:57
The 2nd day of testimony takes Fed chair Warsh in front of the Senate Banking Committee. There will be a lot of overlap from yesterday's testimony in front of the House members: Recent inflation data is imperfect gauge of underlying inflation. In near term AI investment is quite good for jobs. I do not view a one-time change in prices from AI as necessarily being inflationary. Whether AI will be inflationary or not is up to the Fed. I believe that AI will be a job creator, but it will be disruptive with some people losing their jobs Wages have moved up at a reasonable pace. Timing of when wages will move up more from productivity gains is a puzzle. The surge in prices fro... .. read more..
BOC Press conference: Q2 is looking pretty solid The Economy is looking like...
Wednesday, July 15,2026,15:28
Q2 is looking pretty solid. Will be assessing how sustainable the pickup is. We do think it is sustainable. If oil prices do once again rise, and feed into inflation, he expects to need consecutive rate hikes to keep inflation under control. There are questions about how sustainable the recent pickup and growth is. Says we are going to take our decisions one at a time. Canadian dollar weakness has not been a major factor in rate decisions There has been somewhat widening in yields between the US and Canada leading to a weakness in the Canadian dollar. The USDCAD remains within it trading range for the day. The high for the day was at 1.4077. The low is at 1.4040. The current price is... .. read more..
U.S. Crude Oil Inventories Dip Less Than Expected
Wednesday, July 15,2026,14:40
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 15,2026,14:31
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 15,2026,14:26
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 15,2026,14:02
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..
Bank of Canada rate decision 2.25% vs 2.25% expected
Wednesday, July 15,2026,13:56
Prior was 2.25% Highlights of the statement: Says Canada’s economy is showing signs of improvement Growth is picking up and inflation is projected to ease gradually from its recent spike. Says Governing Council will continue to assess the strength of the Canadian economy and the outlook for inflation, and is prepared to adjust monetary policy as needed Previously said Governing Council is continuing to look through the war’s near-term impact on headline inflation, but will not let higher energy prices become persistent inflation The US economy is growing at about 2½%, cites 'booming' AI investment China’s economy is expanding solidly thanks to robust exports Eurozone growth expe... .. read more..
The full statement from the Bank of Canada rate decision
Wednesday, July 15,2026,13:53
The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. Canada’s economy is showing signs of improvement. Growth is picking up and inflation is projected to ease gradually from its recent spike. There are still important risks and uncertainties related to the war in the Middle East and US trade policy. Since the April Monetary Policy Report (MPR), global economic prospects have been dented by higher oil prices stemming from the Middle East conflict. At the same time, the build-out of artificial intelligence (AI) is supporting economic activity in a growing number of countries. Oil prices are still lower ... .. read more..
Croatia Inflation Confirmed At 4-month Low
Wednesday, July 15,2026,13:39
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..
Fed's Williams: It is imperative that we restore inflation to 2% goal on a su...
Wednesday, July 15,2026,13:29
With inflation running high, it is imperative that we restore it to 2% goal on a sustained basis Current stance of monetary policy is well positioned to do that Inflation is unquestionably too high at about 4% Encouraging reasons to expect that inflation has peaked and should edge down in coming quarters Expect overall inflation to decline to around 3.25% by year-end, continue toward our 2% goal in 2027 and land on target in 2028 Medium- and longer-term inflation expectations remain well anchored Expect real GDP growth to be around 2%-2.25% this year and over the next two years Expect unemployment rate to edge down gradually to 4% in 2028 Full effects of the AI investment surge on growth,... .. read more..
New York Manufacturing Index Jumps Much More Than Expected In July
Wednesday, July 15,2026,12:45
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..
U.S. Producer Prices Dip More Than Expected In June
Wednesday, July 15,2026,12:39
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..
Irish Trade Surplus Shrinks Sharply In May
Wednesday, July 15,2026,11:57
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 15,2026,11:51
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..
Interest Rate Decision. Canada, 15:45 (GMT+2)
Wednesday, July 15,2026,11:45
At 15:45 (GMT+2), the Bank of Canada is scheduled to announce its interest rate decision. The regulator is expected to set the value at around 2.25%. The accompanying statement may include an assessment of the current economic situation and the near-term outlook for the Canadian economy, as well as indications of potential future actions by the financial authorities. Read more .. read more..
Bulgaria Inflation Eases More Than Estimated
Wednesday, July 15,2026,11:21
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..
Producer Price Index. USA, 14:30 (GMT+2)
Wednesday, July 15,2026,10:30
At 14:30 (GMT+2), June data on the US producer price index will be released, reflecting changes in wholesale prices (including raw materials, semi-finished products, and finished goods). If it decreases from 1.1% MoM and the base indicator decreases from 0.4%, this would put pressure on the US dollar. Read more .. read more..
Poland Inflation Eases As Estimated In June
Wednesday, July 15,2026,09:38
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..