News
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Japan Q2 GDP Gets a Boost from Consumer Spending; Political Uncertainty Clouds Outlook
TradingKey - On Monday, September 8, Japan's Cabinet Office announced an upward revision of the country's second-quarter GDP, driven by increases in private consumption and savings. The GDP growth rate was adjusted from 0.3% to 0.5% quarter-on-quarter, equating to an annualized rate revised from 1.0TradingKey
Mon, Sep 8
US inflation figures coming next – Commerzbank
Friday's US labor market report finally dispelled any remaining doubts about whether the Fed would cut interest rates soon, briefly pushing EUR/USD above the 1.1750 mark. Only one of the 80 analysts surveyed by Bloomberg had expected an even worse figure.Fxstreet
Mon, Sep 8
China's EV and hybrid sales growth at slowest in 18 months
Overall car sales slowest in seven monthsSlower growth expected in fourth quarter, association says BEIJING, Sept 8 (Reuters) - China's August sales of electric vehicles and hybrids grew at the slowest pace in one and a half years as the government continues efforts to halt punishing price wa...Reuters
Mon, Sep 8
China's August exports to Russia post biggest fall in six months
BEIJING, Sept 8 (Reuters) - China's yuan-denominated exports to Russia in August saw their biggest drop since February, while imports fell by double digits in percentage terms after climbing in July, Chinese customs data showed on Monday.Outbound shipments to Russia contracted 16.4% in yuan term...Reuters
Mon, Sep 8
StanChart expects Fed to cut rates by 50 bps next week after weak jobs data
By Rashika Singh and Joel Jose Sept 7 (Reuters) - Standard Chartered expects the U.S. Federal Reserve to cut interest rates by 50 basis points at its policy meeting this month, double its earlier projection of a 25-bp reduction, following a soft August jobs report.Data on Friday showed U.S. job ...Reuters
Mon, Sep 8
German industrial output rises in July
Sept 8(Reuters) - German industrial production rose in July by 1.3% compared to the previous month, the federal statistics office said on Monday.Analysts polled by Reuters had predicted a 1.0% rise.The office offers more detailed data on its website.Reuters
Mon, Sep 8
India's chief economic adviser says Trump's tariffs could shave 0.5% off GDP, Bloomberg News reports
Sept 8 (Reuters) - U.S. President Donald Trump's 50% tariffs on India could reduce the country's gross domestic product by half a percent this year, the nation's Chief Economic Adviser V. Anantha Nageswaran said in a Bloomberg TV interview on Monday."Depending upon how long it lasts ...Reuters
Mon, Sep 8
Poland - Factors to Watch September 8
WARSAW, Sept 8 (Reuters) - The following are significant news stories, press reports and events on Monday. ALL TIMES GMT (Poland: GMT + 2 hours):POLAND'S RATING OUTLOOKFitch Ratings revised Poland's outlook to "negative" from "stable" on Friday, citing growing risks to public...Reuters
Mon, Sep 8
India's chief economic adviser says Trump's tariffs could shave 0.5% off GDP, Bloomberg News reports
Sept 8 (Reuters) - U.S. President Donald Trump's 50% tariffs on India could reduce the country's gross domestic product by half a percent this year, the nation's Chief Economic Adviser V. Anantha Nageswaran said in a Bloomberg TV interview on Monday."Depending upon how long it lasts ...Reuters
Mon, Sep 8
South Korea minister heads to US to resolve fallout from huge immigration raid
Hyundai, LG Energy's $4.3 billion project site in Georgia raidedSouth Korea plans chartered flight for detained workers' returnTrump emphasises legal immigration for foreign investments in USBy Ju-min Park and Hyunjoo Jin SEOUL, Sept 8 (Reuters) - South Korean Foreign Minister Cho Hyun wi...Reuters
Mon, Sep 8
US Dollar Index holds below 98.00 as weak jobs data firm Fed rate cut likelihood
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is edging higher after registering more than 0.5% losses in the previous session and trading around 97.90 during the Asian hours on Monday.Fxstreet
Mon, Sep 8
