France Services Activity Rebounds in September
France Services Activity Rebounds in September
The S&P Global France Services PMI fell to 51.2 in September 2026, revising lower than the preliminary estimate of 51.4 but rising from 48.0 in August, marking the first expansion in services activity since last December. Growth remained modest and below the survey average, while new business declined marginally as uncertainty weighed on sales. New […]
by Currency Hedger
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- 1 month ago
Deutsche Bank, Institutional
Equities: Strong earnings cycle offsets yield shock – Danske Bank
Danske Research Team reports that global equities ended last week only 0.5% lower despite a rapid rise in yields, with tech and cyclicals outperforming. Over the past two weeks, equities are up 0.4%, while volatility has been largely confined to bonds. The team argues strong earnings growth explains equities’ resilience versus the rates shock. Tech […]
by Currency Hedger
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- 1 month ago
Institutional, UOB
British Pound: Rebound capped as downside bias lingers against US Dollar – UOB
United Overseas Bank (UOB) strategist Quek Ser Leang notes GBP/USD recovered to 1.3238 after failing to extend Thursday’s decline, but intraday gains are expected to stay within 1.3215–1.3265. Over the next 1–3 weeks, he maintains a mildly negative stance, looking for a move toward 1.3140 while 1.3265 acts as strong resistance. Pound-Dollar rebound seen limited […]
by Currency Hedger
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- 1 month ago
CommerzBank, Institutional
Euro: Political risks weigh on common currency – Commerzbank
Commerzbank’s Thu Lan Nguyen argues that growing concerns over France’s public debt sustainability are now weighing on the Euro (EUR), after previously leaving the currency largely untouched despite bond market turmoil. She highlights the risk that the European Central Bank (ECB) could be forced into a more accommodative stance and notes that German Bunds’ safe-haven […]
by Currency Hedger
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- 1 month ago
Market Analysis, Metals, Technical Analysis
Copper Gains as Lower Fed Rate Pressure Supports Metals While China Demand Weighs
Copper prices are finding renewed support above $6.50 per pound as expectations for further Federal Reserve tightening ease following softer US employment data. Lower expectations for interest-rate increases are helping reduce pressure on non-yielding commodities, while longer-term demand prospects linked to data centres, electrification and renewable-energy infrastructure remain supportive. However, copper’s near-term outlook remains mixed. […]
by Currency Hedger
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- 1 month ago
Sweden Services Sector Growth Hits 10-Month High
The Services PMI in Sweden rose to 57.4 in September 2026 from an upwardly revised 56.0 in August, marking the highest level since November 2025. New orders were the largest positive contributor to the increase in the PMI (59.0 vs 56.4 in August), followed by delivery times (62.7 vs 60.9). The employment index also increased […]
by Currency Hedger
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- 1 month ago
EUR, GBP, Market Analysis, Technical Analysis
Euro weakens against British Pound amid French fiscal concerns
The EUR/GBP cross attracts some sellers to around 0.8475 during the early European trading hours on Monday. The Euro (EUR) softens against the British Pound (GBP) as fiscal concerns in France in the wake of a steep bond market rout stoke contagion fears in the Eurozone. The turmoil in the bond market and the EUR’s […]
by Currency Hedger
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- 1 month ago
ING, Institutional
Oil: Diverging supply signals shape Brent – ING
ING’s Warren Patterson notes that ICE Brent has repeatedly dipped below $100/bbl but continues to settle above this level as the market weighs conflicting supply and geopolitical factors. Higher oil flows through the Strait of Hormuz, G7 reserve releases, and recovering Saudi pipeline capacity contrast with persistent Middle East tensions and unchanged OPEC+ production plans. […]
by Currency Hedger
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- 1 month ago
Economic Calendar – Key Services PMIs for Europe and the US, and Central Bankers’ Decisions
Key Releases from the Asian Session Macroeconomic Calendar (CET) Markets to Watch Technical Analysis: Brent Brent crude is currently trading around $101.70, in a clear correction after an unsuccessful attempt to break strong resistance in the 110–114 zone, where the market bounced twice, first in May, then in September. Despite this sell-off, the broader trend […]
by Currency Hedger
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- 1 month ago
Russia Services Sector Maintains Expansion as Private-Sector Growth Improves
Russia’s services sector is maintaining a modest expansion, with the S&P Global Russia Services PMI holding at 51.3 in September, matching its six-month high and marking a second consecutive month above the 50.0 growth threshold. The broader private sector is also showing signs of stabilisation, with the Composite PMI rising to 50.8, its strongest reading […]
by Currency Hedger
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- 1 month ago