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Austria Wholesale Prices n.s.a (MoM) up to 0.9% in August from previous 0.8%
Austria Wholesale Prices n.s.a (MoM) up to 0.9% in August from previous 0.8%
Equities: Labour data weighs on stocks – Danske Bank
Danske Research notes that a strong US labour market report increased expectations of a more hawkish Federal Reserve, pressuring global equities. The S&P 500 declined while the Stoxx 600 posted a small gain, with cyclicals outperforming and rate-sensitive sectors underperforming.
Switzerland Unemployment Rate s.a (MoM) unchanged at 3.1% in August
Switzerland Unemployment Rate s.a (MoM) unchanged at 3.1% in August
Switzerland Foreign Currency Reserves rose from previous 768BÂ to 770B in August
Switzerland Foreign Currency Reserves rose from previous 768BÂ to 770B in August
Euro holds losses against British Pound as German Industrial Production unexpectedly drops in July
The EUR/GBP cross loses ground to around 0.8585 during the early European trading hours on Monday. The Euro (EUR) attracts some sellers against the British Pound (GBP) following the German economic data.Â
CEE FX: Hawkish pricing versus dovish banks – ING
ING’s Frantisek Taborsky highlights a busy CEE data and policy calendar, with Hungary’s inflation seen edging up, the National Bank of Poland and Central Bank of Turkey expected on hold, and Romania’s inflation falling sharply on base effects.
Australian Dollar posts fresh three-month high amid hawkish RBA prospects
The Australian Dollar (AUD) trades 0.13% higher at around 0.7217 against the US Dollar (USD) during the European trading session on Monday, the highest level seen in over three months.
US Dollar: Volatility risks around Fed decision – Commerzbank
Commerzbank’s Thu Lan Nguyen notes that the latest US labour market report does not materially alter expectations for a September Fed rate move, leaving August US inflation as the key driver.
Euro remains steady above 1.1610 despite weak German Industrial Production data
The Euro (EUR) trades flat against the US Dollar (USD) on Monday, hovering just above 1.1610 at the European session opening, following a reversal from the 1.1640 area last week.
Oil: Tanker risks support prices – ING
ING analysts Warren Patterson and Ewa Manthey note that Oil remains supported as tensions between the US and Iran escalate in the Persian Gulf. They highlight continued flows through the Strait of Hormuz, aided by US Navy escorts, and unchanged OPEC+ quotas.
Euro: Range holds before key data against US Dollar – Danske Bank
Danske Research Team reports EUR/USD trading in a narrow 1.1610–1.1620 range after quickly reversing losses from a stronger US jobs report.
NZD/USD Price Forecast: Softens below 0.5900 while remaining in near-term consolidation
The NZD/USD pair trades in negative territory near 0.5875 during the early European trading hours on Monday, pressured by a firmer US Dollar (USD). Traders raise their bets on a US Federal Reserve (Fed) rate hike in the September policy meeting following stronger-than-expected US jobs data.Â
German Industrial Production declines 1.1% MoM in July, vs. 0.3% expected
Germany’s Industrial Production declined 1.1% Month-on-Month (MoM) in July, the latest data published by Destatis showed on Monday. This figure came in below the market consensus of a 0.3% growth and slower than the previous reading of 0% (revised from 0.2%).Â