Market News
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India: Inflation path higher into FY27 – Standard Chartered
Standard Chartered strategists have raised its FY27 Consumer Price Index (CPI) inflation forecast to 4.9% from 4.5%, citing higher food and retail fuel prices. They now expect broader price pressures, excluding Gold and Silver, with food and beverage CPI seen at 6.3%.
United States: Equities favored over Treasuries – BNY
Geoff Yu at BNY argues that the loss of some U.S. exceptionalism has not translated into a broad exodus from U.S. assets. Cross-border investors maintain high U.S. equity allocations, supported by technology and AI themes, while trimming Treasury holdings as curve steepening raises duration risk.
Canadian Dollar steadies as falling Oil offsets US Dollar weakness
USD/CAD trades around 1.3940 on Thursday at the time of writing, virtually unchanged on the day. The pair remains caught between two opposing forces: the US Dollar (USD) weakens following softer-than-expected US data, while the Canadian Dollar (CAD) struggles amid falling Oil prices.
United Kingdom: Softer second-half growth expected – Societe Generale
Societe Generale’s Sam Cartwright notes United Kingdom (UK) Gross Domestic Product (GDP) rose 0.4% qoq in 2Q26, driven mainly by business investment and resilient consumer spending.
Euro holds steady against Pound Sterling despite steady UK growth
EUR/GBP is trading sideways on Thursday near the 0.8540 level, with the Euro (EUR) steadying after three consecutive days of losses despite the Pound Sterling (GBP) gaining support from UK economic growth data that was broadly in line with expectations.
United States EIA Natural Gas Storage Change came in at 36B, above expectations (31B) in August 7
United States EIA Natural Gas Storage Change came in at 36B, above expectations (31B) in August 7
Canada: Spending resilience with energy pressures – RBC
Royal Bank of Canada (RBC) analysts Rachel Battaglia and Abbey Xu note Canadian consumers kept spending in Q2 despite weak real wage gains and higher energy costs.
Euro edges higher against US Dollar after soft US PPI data
EUR/USD holds modest gains on Thursday as softer-than-expected US Producer Price Index (PPI) data fails to trigger a strong reaction in the pair. At the time of writing, EUR/USD trades around 1.1537 after recovering from an intraday low of 1.1511, its lowest level in more than a week.
Norwegian Krone: Softer Norges Bank stance weighs – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports Norwegian Krone weakness after Norges Bank left rates at 4.25% but softened its hawkish bias. Forward guidance shifted from a likely hike to a more conditional stance, dropping an explicit call for tighter policy.
US Dollar: Safe haven support versus Fed repricing – Rabobank
Rabobank's Senior FX Strategist Jane Foley analyzes the US Dollar’s (USD) evolving relationship with Oil and its safe haven role.
Europe: Extreme weather weighs on growth – Standard Chartered
Standard Chartered’s Christopher Graham and Emily Ashford highlight that Europe’s record heat and drought in 2026 are disrupting refiners, power generation, inland waterways and agriculture.
Food inflation jumped to 5.52% and the Reserve Bank of India held at 5.25%: Why rate hikes are still on the table
India’s Consumer Price Index (CPI) inflation accelerated slightly to 4.45% year-on-year in July from 4.38% in June, primarily propelled by rising food costs.
United Kingdom: Growth risks tilt higher – Deutsche Bank
Deutsche Bank’s Sanjay Raja notes that the UK economy remained strong over spring, with UK GDP rising 0.4% q/q and annualised growth in the first half reaching 2%.