Ireland’s Credit Union Consumer Sentiment Index fell to 61.1 in September 2026 from 63.2 in August, marking its lowest level since May. The decline was marginal but reversed the previous month’s increase, leaving the index well below its long-term survey average of 83.0 and 10-year average of 76.1. The survey attributed the nervous mood to […]
Spain’s annual inflation rate accelerated to 4.9% in September 2026, its highest level since March 2023, up from 4.3% in August and the 4.7% forecast, according to preliminary estimates. The acceleration was driven mainly by higher prices for fuel and lubricants for personal vehicles, which increased in September 2026 compared with a decline in the […]
The yield on India’s 10-year G-Sec eased to around 7.16%, retreating after reaching more than two-year highs as lower-than-feared government borrowing provided some relief, while some buying emerged after Monday’s sharp selloff. The government reduced its FY27 gross borrowing target to about INR 15.99 trillion from INR 17.2 trillion previously, which could ease supply concerns, […]
Turkey’s Economic Confidence Index rose to 101.3 in September 2026 from 100.6 in August, remaining above the 100 threshold for a second consecutive month and reaching its highest level since June 2023. This signaled a more positive outlook, with notable improvements seen in retail and consumer confidence. The retail trade confidence index rose 1.1% from […]
Deutsche Bank’s Early Morning Reid notes that rising US yields and Oil prices are weighing on equities. The S&P 500 fell nearly 0.8%, led by larger declines in the Magnificent 7, while defensive sectors such as consumer staples and healthcare posted modest gains. Risk assets react to rate repricing “Moreover, yesterday started to see growing […]
Commerzbank’s Volkmar Baur highlights that the US current account deficit remains large at about 3% of GDP and increasingly relies on foreign inflows into US stocks rather than bonds. He stresses that equity flows are far more volatile, tying support for the US Dollar more closely to US stock market performance, household wealth, and private […]
Key takeaways The Asian session brought a key decision from the Reserve Bank of Australia (RBA), which raised interest rates as expected by 25 basis points to 4.60%, citing elevated inflation risks and geopolitical tensions in the Middle East. Accompanying data on household spending in Australia showed stagnation (0.0% MoM vs 0.3% consensus), confirming an […]
Key takeaways Gas gives back premium from pipeline outage, but weather and LNG prevent deeper discount US natural gas is trading around $3.12 per MMBtu and is falling for the second session in a row. However, it is worth noting one important detail key to further analysis. On September 23, futures contracts rolled over, and […]
Deutsche Bank’s macro strategy team notes that the Reserve Bank of Australia raised its cash rate by 25 basis points to 4.60%, in line with expectations. The RBA signalled that inflation remains too high and left the door open to further tightening if needed. Australia’s 10-year government bond yield is now at a post-2011 high […]
Commerzbank’s Volkmar Baur reports that the Reserve Bank of Australia raised its cash rate by 25 bps to 4.6%, the highest level in about 15 years, and struck a notably hawkish tone. Despite signaling that rates could rise further as inflation broadens beyond energy, the Australian Dollar’s initial gains faded, with markets already pricing nearly […]