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OECD says full brunt of U.S. tariff shock yet to come as growth holds up
U.S. tariffs hit 1933 highs; full impact still unfoldingGlobal growth seen slowing to 3.2% in 2025, 2.9% in 2026U.S. growth to ease to 1.8% in 2025, 1.5% in 2026By Leigh ThomasPARIS, Sept 23 (Reuters) - Global growth is holding up better than expected, but the full brunt of the U.S. import tariff sh...Reuters
Tue, Sep 23
RPT-UK firms lose momentum as they worry about new tax hikes, PMI shows
LONDON, Sept 23 (Reuters) - British firms have reported a loss of momentum and confidence ahead of possible new tax increases in finance minister Rachel Reeves' next budget in November, according to a survey that also showed another drop in hiring.S&P Global's preliminary UK Composite Pu...Reuters
Tue, Sep 23
Taiwan August export orders beat forecasts on solid AI demand
Export orders +19.5% y/y vs +13.0% Reuters poll forecastOrders from China -0.7% y/y vs +3.6% in prior monthMinistry sees September orders between +19% and +22.7% y/yMinistry cautious about outlook on US trade policy, geopolitical risksTAIPEI, Sept 23 (Reuters) - Taiwan's export orders rose for t...Reuters
Tue, Sep 23
UK firms lose momentum as they worry about new tax hikes, PMI shows
LONDON, Sept 23 (Reuters) - British firms have reported a loss of momentum and confidence ahead of possible new tax increases in finance minister Rachel Reeves' next budget in November, according to a survey that also showed another drop in hiring.S&P Global's preliminary UK Composite Pu...Reuters
Tue, Sep 23
Russian fuel crisis widens after Ukrainian attacks, sources say
Ukraine has stepped up refinery attacks since AugustSome Russian regions have suffered fuel shortagesPrivately-owned filling stations have suffered mostHigh interest rates contributed to fuel disruptions MOSCOW, Sept 23 (Reuters) - Russia is seeing shortages of certain fuel grades as Ukrainian dr...Reuters
Tue, Sep 23
Euro zone business activity hits 16-month high but new orders stall, PMI shows
LONDON, Sept 23 (Reuters) - Euro zone business activity grew at its fastest pace in 16 months in September but new orders stagnated after briefly expanding in August, potentially raising concerns about the sustainability of the bloc's economic growth, a survey showed.The HCOB Flash Eurozone Comp...Reuters
Tue, Sep 23
US Dollar Index edges higher to near 97.50 ahead of PMI data, Powell’s speech
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is trimming its recent losses from the previous session and trading around 97.40 during the early European hours on Tuesday.Fxstreet
Tue, Sep 23
Euro zone bond yields slightly lower ahead of PMIs
LONDON, Sept 23 (Reuters) - Euro zone bond yields were slightly lower on Tuesday before the release of data on the region's business activity and heavy government bond issuance. Germany's 10-year yield DE10YT=RR, the euro zone benchmark, was last down 1 basis point (bp) at 2.737%. Germany...Reuters
Tue, Sep 23
Some Chinese firms pretend to comply with mandated social insurance payments as business struggles
China pushes firms, workers to fully pay into social insuranceNational pension fund could run dry by mid-2030s-CASS report Some firms brand wages as 'subsidies' to evade insuranceStrict enforcement risks hurting small firms, already weak consumptionSurvey finds only 1/3 of firms fully compli...Reuters
Tue, Sep 23
AUD/JPY falls below 97.50 as Australia’s PMI data show slowing growth
AUD/JPY continues to lose ground for the third successive session, trading around 97.30 during the Asian hours on Tuesday. The currency cross depreciates as the Australian Dollar (AUD) loses ground following the release of the preliminary Australia’s S&P Global Purchasing Managers’ Index (PMI) data.
Fxstreet
Tue, Sep 23
When are the HCOB German/ Eurozone flash PMIs and how could they affect EUR/USD?
The German and Eurozone have the preliminary Purchasing Managers’ Index (PMI) data for September to be released by S&P Global and Hamburg Commercial Bank (HCOB) on Tuesday, later this session at 07:30 and 08:00 GMT, respectively.
Fxstreet
Tue, Sep 23
