Global Datanote: Industrial Production, India, August

• In one line: A consumer-led dip, but durables growth is probably bottoming-out.

Global Datanote: SNB Rate Decision, Q3 2025

In one line: No cut today; is the SNB easing cycle over?

Global Datanote: 20-Day Exports, Korea, September 2025

In one line: Korea’s September WDA exports plunge, led by US and China.

Global Datanote: BoJ Decision, Japan, September 2025

In one line: BoJ stays put on rates in September, starts ETFs and J-REITs offloading plan

Global Datanote: LPR, China, September 2025

In one line: China’s commercial banks keep LPR steady in September; PBoC wary of a buoyant equity market

Global Datanote: Flash Manufacturing PMI, Japan, September

In one line: Manufacturing sector gloom amid tariff weight and political risks

24 September 2025 Global Monitor Lifting our EURUSD forecasts

• US - FOMC likely to ease a further 50bp this year, but expect close votes
• EUROZONE - We’re lifting our EURUSD forecast, but not enough for a rate cut
• UK - Week in review: Sticky inflation and questionable slack
• CHINA+ - Xi-Trump call: Trust rebuilding, finer TikTok details still being ironed out
• EM ASIA - Three consecutive surprises from BI and we expect another in October
• LATAM - Copom holds Selic but normalisation path emerging; Argentina in trouble

Global Datanote: Flash PMIs, Eurozone, September 2025

In one line: Eking out some growth. 

Global Datanote: Flash PMIs, Germany, September 2025

In one line: That’s more like it, but upturn in manufacturing is on borrowed time.

Global Datanote: Flash PMIs, France, September 2025

In one line: Political brinkmanship comes at a cost. 

Global Datanote: Bank Indonesia Decision, September 2025

• In one line: Third time (un)lucky.

Global Datanote: FInal Inflation, Eurozone, August 2025

In one line: All set for a rebound into year-end.

17 September 2025 Global Monitor Risks of recession in Brazil now tangible

• US - FOMC too nervous about inflation to endorse the market curve
• EUROZONE - Closer to an estimate for the Q1 2026 fall in German energy prices
• UK - CPI preview: nudging up to 3.9% in August as food prices jump
• CHINA+ - China’s ailing domestic demand likely to prompt targeted support
• EM ASIA - EM Asia laggards won’t chip away at the Asian Tigers’ chip dominance
• LATAM - Brazil economy weakens as tight policy and tariffs weigh heavily

Global Datanote: CPI, India, August

• In one line: Expect this to be a temporary headline bounce.

Global Datanote: ECB Press Conference, September 2025

In one line: The ECB is happy at 2%, for now. 

Global Datanote: ECB Rate Decision, September 2025

In one line: ECB doves need better persuasion skills. 

Global Datanote: Exports, China, August, 2025

In one line: China exports slow on low-tech weakness; US, Africa and LatAM slump offsets ASEAN strength

Global Datanote: Flash Mfg PMI, Japan, August, 2025

In one line: Japan’s flash manufacturing PMI nears 50, boosted largely by domestic demand.

Global Datanote: Exports, Japan, July, 2025

In one line: Japan’s export show strain from tariffs, with cars and steel leading declines.

Global Datanote: 20-Day Exports, Korea, August, 2025

In one line: Korea’s 20-day exports rebound in August, monthly momentum firms despite fading US front-loading.