Market Pulse - Currencies
Natural gas futures surge as Gazprom announces three-day halt to NS1 flows
Gazprom announced at the weekend that it would shut natural gas flows through the Nord Stream 1 pipeline for three days, sending gas futures sky-high.
Citi sees potential risks from centre-right win in Italian September elections
Italy's centre-right bloc seems to be clearly headed towards an absolute majority at the elections due to take place on 25 September, Citi said.
Citi sees UK inflation hitting 18% peak in January
Economists at Citi raised their forecasts for the peak in UK inflation to 18% in the wake of the additional 25% rally in UK gas prices and 7% rise in electricity costs over the previous week.
Week ahead: Jackson Hole Symposium, Global PMIs in the spotlight
All eyes over the coming week will be on cental banking symposium at Jackson Hole, Wyoming (USA), with investors keen for further guidance on the path that the US central bank's monetary policy may follow in 2023.
Fed will do what it takes to get inflation back to 2.0 per cent, Barkin says
The head of the Federal Reserve Bank of Richmond said that the US central bank would do "what it takes" to get inflation back down to 2%.
BofA strategists sound bearish note on stocks, say Fed 'nowhere near done'
BofA Securities strategists sounded a 'bearish' note on the outlook for equity markets arguing that the US central bank was not done and enumerating a list of reasons to back up their thinking.
UK public sector net borrowing jumps in July on higher debt servicing costs
Britain's public sector borrowed more than expected last month amid increased costs for servicing its debt and rising social assistance payments.
German producer prices surge at record pace in July amid dearer energy
Producer prices in the euro area's largest economy continued accelerating last month with energy prices more than doubled versus a year ago.
Euro area July CPI confirmed at up by 8.9% on the year and 0.1% month-on-month
Revised data confirmed a modest rise in the cost of living in the euro area last month.
US open: Wall Street's main market indices dip despite better-than-expected data
Wall Street's main market gauges were trading on the back foot despite the release of a fresh batch of modestly better-than-expected economic indicators.
Philly Fed factory index improves in August
Manufacturing activity in the US mid-Atlantic region improved in August, the results of a closely-followed survey revealed.
ECB's Schnabel says euro area inflation outlook has not changed fundamentally
A top European Central Bank official said that the outlook for inflation in the single currency area had not improved.
US jobless claims drift lower during latest week
Unemployment claims data for the preceding week came in a tad better than expected.
ECB's Kazaks says inflation 'unacceptably high'
A top European Central Bank official predicted that the monetary authority would continue hiking interest rates.
US retail sales flatten out in July, but details stronger
Americans spent at a slightly lower than expected pace last month, although the details of the report were stronger.
Euro area Q2 GDP revised slightly lower, slowdown seen ahead
The euro area's economy expanded at a slightly slower pace than previously estimated over the three months to June, alongside steady growth in employment.
US industrial production grows by more than expected in July
US industrial production rose a bit more quickly than expect last month.
US open: Wal Mart and Home Depot keep Dow in the green in early trading
Wall Street's main market gauges started the session on a mixed note following a weak reading for US housing starts, although better-than-expected quarterly reports out of retail giants Wal Mart and Home Depot were keeping the Dow in the green.
'Empire State' manufacturing index plunges in August
The Federal Reserve Bank of New York's regional manufacturing index surprised economists, registering its second-largest ever monthly fall - larger even than that in March 2020.
Investors moving back into credit, banks and technology catch a bid, BofA says
Investors moved back into credit and to a lesser extent into banking and technology stocks over the preceding week, BofA Securities strategists said.