In one line: Still on track for a final rate cut in September.
Melanie Debono (Senior Eurozone Economist)Global
In one line: Not much to see; near-term downside risks persist.
Claus Vistesen (Chief Eurozone Economist)Global
In one line: Nothing in here to suggest an ECB rate cut today.
Melanie Debono (Senior Eurozone Economist)Global
In one line: The German economy was barely growing in July.
Melanie Debono (Senior Eurozone Economist)Global
In one line: manufacturing index slammed by falling output; July should be low point after US-Japan trade deal
Duncan WrigleyGlobal
- US - Tariff-related price hikes hit in June, with worse to come in July
- EUROZONE - ECB to stand pat this week; big decision awaits in September
- UK - Most of June’s CPI inflation rise was genuine
- CHINA+ - China’s steady real GDP print masks intensifying deflation
- EM ASIA - Malaysian GDP growth rises slightly, but the fundamentals are worrying
- LATAM - Strong start to 2025 for Brazil and Colombia masks challenges ahead
ian shepherdson (Chief Economist, Chairman and Founder)Global
- In one line: Mexico’s growth holding up in Q2, but headwinds are mounting.
Andrés Abadía (Chief LatAm Economist)Global
In one line: Japan's headline consumer inflation slows after energy subsidies restart; upper house election poses JGB risks
Duncan WrigleyGlobal
In one line: Still on track to hand the ECB a 25bp rate cut in September.
Claus Vistesen (Chief Eurozone Economist)Global
In one line: Better external sector performance likely to support Q2 GDP due tomorrow
Kelvin Lam (Senior China+ Economist)Global
In one line: Japan's manufacturing PMI rebound on stockpiling activity, but domestic demand softens
Kelvin Lam (Senior China+ Economist)Global
In one line: Korea's 20-day exports rebound in June on front loading ahead of reprieve expiry
Kelvin Lam (Senior China+ Economist)Global
- In one line: Surprise, surprise… at least two more 25bp cuts to come by year-end.
Miguel Chanco (Chief EM Asia Economist)Global
- US - Immigration probably will continue to add meaningfully to labor supply
- EUROZONE - A 30% US tariff would send the EZ economy into recession in H2
- UK - Consumer spending to be supported by solid income growth
- CHINA+ - China’s ‘glass half-full’ money and credit data
- EM ASIA - BNM more worried about GDP growth than we expectedEM ASIA -
- LATAM - Brazil’s recovery stalls as financial and external headwinds mount
ian shepherdson (Chief Economist, Chairman and Founder)Global
- In one line: Outright food deflation is here, as predicted.
Miguel Chanco (Chief EM Asia Economist)Global
- In one line: Recovery stalls as financial headwinds mount.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: Cooling inflation meets new headwinds.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: Core pressures lingering, but disinflation resumes.
Andrés Abadía (Chief LatAm Economist)Global
