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US-based employers announced 43,281 job cuts in September, down 18% from August and 20% from a year earlier. This marks the lowest total for the month since 2022, when 29,989 job cuts were recorded. Tech continues to lead layoffs, posting 10,799 cuts in September - up 77% from August. But through the first nine months of 2026, total announced layoffs are down 39% compared with the same period…
Prior 51.7 Key findings: Growth rate of UK manufacturing output eases slightly in September Output growth slows for second month in a row Input cost and output price inflation both increased Comment: Rob Dobson, Director at S&P Global Market Intelligence, said: “A disappointing September PMI saw the rate of increase in UK manufacturing production slow further. Output growth was its weakest seen…
Eurozone September final manufacturing PMI 52.9 vs 52.7 prelim Prior 52.7 The breakdownEurozone manufacturing ended the third quarter on a stronger footing, with the headline PMI rising to 52.9 in September from 52.7 in August - marking its highest level in more than four years. Of note, production and new orders both increased at their fastest rates since early 2022 with new order growth…
France September final manufacturing PMI 50.6 vs 50.3 prelim Prior 51.1 The breakdownThe final revision higher still marks a decline in French manufacturing activity in September compared to the month before. There was a further slowdown as as new orders continued to decrease, purchasing activity was reduced and price pressures accelerated. Looking at the details, factory production growth was…
Prior 49.6 Key findings: Modest reductions in output and new orders Inflationary pressures intensify, but deterioration in supply chain performance eases Job creation sustained as outlook remains bright Comment: Eleanor Dennison, Economist at S&P Global Market Intelligence, said: "The Italian manufacturing sector ended the third quarter on more stable footing. The demand environment remained…
Spain September manufacturing PMI 51.0 vs 50.1 expected Prior 49.5 Spain's manufacturing economy returned to growth territory in September, although the sector’s underlying performance remained subdued. The details show that production increased but overall new work continued to decline amid ongoing uncertainty and rising prices, especially for energy. Of note, new order inflows fell for a fifth…
Spain September manufacturing PMI 51.0 vs 50.1 expected Prior 49.5 More to follow... This article was written by Justin Low at investinglive.com.
Switzerland September CPI 0.0% vs 0.0% m/m expected Prior +0.4% Switzerland September CPI +1.0% vs +1.0% y/y expected Prior +0.8% Switzerland September core CPI +0.5% y/y Prior +0.4% The breakdownThe readings for September fall within expectations, with headline annual inflation increasing to 1.0% while the monthly figure comes in flat. Once again, energy was the main culprit with prices for…
EUROPEAN SESSION In the European session, the only highlight is the Swiss CPI data which is expected to increase to 1.0% vs 0.8% prior. The data won't change anything for the SNB, though, as the central bank remains comfortable keeping monetary policy steady with core inflation within target. We will also get the final PMIs for the major Eurozone economies and the UK, but the market focuses more…
UK September Nationwide house prices -0.2% vs 0.0% m/m expected Prior +0.2% UK September Nationwide house prices +0.8% vs +1.3% y/y expected Prior +1.6% The breakdownIt's a softer report across the board. Annual house price growth halved to 0.8%, its weakest pace since December 2025, while prices also slipped 0.2% on the month. Nationwide notes that activity remains subdued amid economic…
For years, 2027 has loomed over the Taiwan story as the point by which China wants its military to be capable of taking the island by force. However, the latest US assessment suggests that doesn't necessarily mean an invasion is just around the corner. The latest report from Reuters today says US officials are increasingly seeing a Chinese invasion of Taiwan before 2028 as being unlikely. And…
Oil executives expect WTI near $88 by year-end, below current prices, Dallas Fed survey shows ICYMI: BOJ opinions and tankan both point to more rate hikes after September's move Australia's August trade surplus shrinks to A$495M as data center equipment imports surge Australia: RBA dice que la mayoría de los hipotecados mantienen su capital incluso si los precios de la vivienda caen otro 20%…
A reading about A$1.5 billion below the poll is a clear miss for a surplus that had already been narrowing, and if the import pattern holds it could weigh on the trade contribution to growth. The composition is more informative than the headline: the imports driving the miss are investment-type goods tied to data center build-outs, so the signal is about capital spending demand more than…
This is a long-dated signal rather than an immediate shift in supply or demand, since reactors take years to build and the Alaska LNG scheme still needs binding financing, so the near-term effect on oil and gas prices is likely to be limited. It does reinforce US energy and power as a policy priority, which may support sentiment towards nuclear, LNG and power-equipment names, and towards the…
The reading is still well above the 50 line, so the story is slower growth rather than a downturn, but the drop to a six-month low in a sector reliant on overseas demand will keep attention on how long export strength can last. Sharp cost increases tied to energy, transport and a weak yen, with the Middle East war cited by firms, show that oil and currency moves are still feeding straight into…
The drop from 52.0 to 49.6 points to softer factory momentum, with the fall in new orders the signal most likely to draw attention because it reverses two months of improvement. The mix is awkward for rate and growth debates: weaker demand and job losses argue for patience, but oil, raw material and freight costs are still elevated and supplier delays are lengthening as the Middle East war…
Softer inflation gave markets some breathing room early Wednesday. But by the end of the session, Treasury yields were higher, the dollar had strengthened against most major currencies, and the stock market’s gains were concentrated in the Nasdaq indices. The economic picture was mixed. August PCE inflation came in below expectations, second-quarter growth was revised higher, and a larger goods…
Hong Kong will trade on October 2, 5, 6 and 7 without Stock Connect flows in either direction, which may leave China-focused and dual-listed shares on thinner, more offshore-driven liquidity. With the onshore yuan market shut, offshore yuan carries price discovery with less depth, and mainland commodity and financial futures are closed, so traders lose Chinese price signals for a week. Any news…
In a TruthSocial post, Donald Trump is calling for Jerome Powell to resign from the Fed Board over alleged mismanagement and cost overruns in the Federal Reserve headquarters renovation. He says he has asked Attorney General Todd Blanche to review an inspector general’s report and determine what action to take. Trump cites a projected cost of at least $2.5 billion and alleged shortcomings in cost…
Comments from US President Trump on Iran and the Strait of Hormuz: US has almost total control of the Strait of Hormuz. You will see things happening very soon (regarding Iran); there has been historic flows of oil out of Hormuz in the last three days. Analysis: Trump’s message is that the US has control of the situation, with developments on Iran coming soon. However, he offers no specifics on…
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