Market News

German consumer confidence showed further signs of recovery heading into September, although households remain cautious about spending. The GfK Consumer Climate Indicator rose to -26.6 for September 2026, up from a revised -29.4 in August.

The latest Federal Reserve minutes show that inflation remains a central concern for policymakers, even as recent economic data has reduced the urgency for another rate increase. Some officials believe price pressures are becoming more widespread, while a smaller group directly supported further tightening.

Recent US inflation data is strengthening the case for a more patient Federal Reserve. While inflation remains above the central bank's target, the latest figures point toward gradual normalization rather than another broad acceleration in price pressures.

The UK economy grew at a slower pace in the second quarter of 2026, with services and business investment providing much of the support.

Business sentiment among Japan’s largest manufacturers improved in August 2026, supported mainly by continued strength in semiconductor-related industries. The Reuters Tankan manufacturing index climbed to +18 from +13 in July, reaching its highest level since March.

US employers announced 33,429 job cuts in July, the lowest monthly total in two years. Layoffs fell 27% from June and were 46% lower than in July 2025, pointing to continued resilience in the labor market despite ongoing structural changes.

Eurozone inflation edged higher in July, with rising energy prices keeping overall price pressures well above the European Central Bank's target. Annual inflation increased to 2.9%, up from 2.8% in June, in line with market expectations but still significantly above the ECB's 2% goal.

The Bank of Japan left its policy rate unchanged at 1.0% in July, a widely expected decision after June's 25-basis-point rate hike.