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German institutes cut growth forecasts as tariffs bite, fiscal boost lags
German institutes cut growth forecasts for this year and nextMarginal GDP growth expected in 2025Government spending expected to boost growth from 2026By Maria Martinez BERLIN, Sept 4 (Reuters) - Leading German economic institutes on Thursday trimmed growth forecasts for 2025 and 2026, citing hea...Reuters
Thu, Sep 4
Fed independence in focus as US Senate holds hearing on Trump nominee Miran
Miran has argued for more presidential control of FedFed next meets to set policy September 16-17Miran if confirmed would serve at Fed through January 31By Ann Saphir Sept 4 (Reuters) - Questions about Federal Reserve independence will take center stage on Thursday, when President Donald Trump...Reuters
Thu, Sep 4
Euro zone yields drop after US data, remarks from Fed officials
By Stefano Rebaudo Sept 4 (Reuters) - Euro zone government bond yields fell on Thursday after weak U.S. data and dovish remarks from Federal Reserve officials.However, investors remained concerned about rising public debt and increased bond supply in the euro area, with France’s government facing...Reuters
Thu, Sep 4
Euro zone retail sales fall more than expected in July
FRANKFURT, Sept 4 (Reuters) - Retail sales growth in the euro zone slowed further in July, raising doubts that healthy domestic consumption could continue to offset a hit to economic growth from U.S. tariffs, data from Eurostat showed on Thursday.Retail sales in the 20 nations sharing the euro fell ...Reuters
Thu, Sep 4
Toronto home sales decline in August as recovery stalls
By Fergal SmithTORONTO, Sept 4 (Reuters) - Greater Toronto Area home sales fell for the first time in five months in August and prices edged lower, Toronto Regional Real Estate Board data showed on Thursday.Seasonally adjusted sales fell 1.8% on a month-over-month basis to 5,633 units, which was the...Reuters
Thu, Sep 4
US labour market appears to be cooling further – Commerzbank
Yesterday's US labour market figures showed that the labour market is cooling down slowly: job vacancies fell more sharply than expected in July, while layoffs increased more than anticipated, Commerzbank's FX analyst Michael Pfister notes.Fxstreet
Thu, Sep 4
Staying alert to US labour market weakness – DBS
The DXY Index depreciated by 0.3% to 98.1. Mirroring the nonfarm payrolls, US JOLTS job openings fell to 7181k in July, lower than the 7380k consensus. June was revised lower to 7357k from 7437k,, DBS' Senior FX Strategist Philip Wee report.Fxstreet
Thu, Sep 4
Ifo institute cuts growth forecasts for German economy
By Maria MartinezBERLIN, Sept 4 (Reuters) - Germany's Ifo institute cut its economic outlook on Thursday and warned that without credible delivery on pro-growth measures, Europe's largest economy risks more years of stagnation.The Munich-based institute expects gross domestic product to expa...Reuters
Thu, Sep 4
Swiss inflation fuels expectations of central bank interest rate freeze
By John Revill ZURICH, Sept 4 (Reuters) - Swiss inflation remained unchanged in August, government data showed on Thursday, raising market expectations the Swiss National Bank will freeze its interest rates at zero later this month.Consumer prices rose by 0.2% in August compared with a year earli...Reuters
Thu, Sep 4
Germany’s RWI trims growth outlook, flags reliance on state spending
By Maria MartinezBERLIN, Sept 4 (Reuters) - The Leibniz Institute for Economic Research RWI cut its economic outlook for Germany, warning on Thursday that growth in Europe's biggest economy is increasingly reliant on government spending as private investment stays weak.RWI now expects GDP to exp...Reuters
Thu, Sep 4
ADP Employment Change is likely to increase concerns about the US labour market
This week, the US employment is set to take centre stage. Automatic Data Processing Inc. (ADP), the largest payroll processor in the US, is set to release the ADP Employment Change report for August, measuring the change in the number of people privately employed in the US, at 12:15 GMT on Thursday.Fxstreet
Thu, Sep 4
