China's investment slump deepened, retail sales growth slowed further in August while industrial output blew past estimates as Beijing warns of supply-demand imbalance.
Germany September ZEW survey current conditions -47.1 vs -52.1 expected Prior -61.1 Germany September ZEW survey economic sentiment 34.7 vs 40.0 expected Prior 34.2 The breakdownThe uptick in the current conditions index is encouraging, as it is a beat on estimates. However, the economic sentiment indicator only showed a mild improvement compared to August. ZEW notes that this suggests that…
EUROPEAN SESSION In the European session, the main highlight was the UK employment report. The data was basically in-line with expectations across the board and didn't change much in terms of BoE interest rate expectations. As a reminder, the market is pricing in 50 bps of tightening by year-end, with the first rate hike coming in November. Looking ahead, we don't have much on the agenda other…
The key details: July ILO unemployment rate 4.9% vs 5.0% expected Prior 4.9% July employment change 67k vs 67k expected Prior 83k July average weekly earnings +3.9% vs +3.9% 3m/y expected Prior +4.1%; revised to +4.2% July average weekly earnings (ex bonus) +3.5% vs +3.5% 3m/y expected Prior +3.5% August payrolls change -26k Prior -13k; revised to -19k The UK labour market continues to show signs…
With inflation above target and no visibility on lower oil prices or stability of tariffs, the Fed chairman needs to pass the test that has faced his predecessors
The institutionalization of prediction markets threatens to erode the edge of skilled traders who earn off mispricing and market inefficiencies, experts say.
OpenAI launched ChatGPT for Financial Services, targeting the labor-intensive research, modeling and pitchbook tasks traditionally handled by junior bankers.
Chinese netizens focused on the price of Apple’s iPhone Duo, as cheaper Xiaomi and Huawei foldables raise value comparisons and muddle the foldable's reception.
Ant-backed startup JoyIn's CEO published an article in Chinese that raised questions about similarities between his company's new model and OpenAI publications.
Visa, Mastercard and Ant International are working on common standards for AI-agent payments — including ways to verify and monitor their transactions.