3-Month Bill Auction

3.77%

6-Month Bill Auction

3.885%

ECB Elderson Speech

In the Euro Area, benchmark interest rate is set by the Governing Council of the European Central Bank. The primary objective of the ECB’s monetary policy is to maintain price stability which is to keep inflation below, but close to 2 percent over the medium term. In times of prolonged low inflation and low interest rates, ECB may also adopt non-standard monetary policy measures, such as asset purchase programmes. The official interest rate is the Main refinancing operations rate.

Consumer Inflation Expectations

3.6%

In the US, one-year inflation expectations represent the median expected inflation rate over the next 12 months, as measured by the Survey of Consumer Expectations (SCE) conducted by the Federal Reserve Bank of New York. The data are collected through a nationally representative, internet-based survey of roughly 1,300 rotating household heads, providing insight into short-term consumer inflation sentiment.

New Car Registrations MoM

2.6%

In Brazil, New Vehicle Registrations refers to total registration of new vehicles, including passenger cars, trucks and buses.

Car Production MoM

3.1%

In Brazil, car production measures the total number of manufactured cars including passenger cars, trucks and buses in the reference month.

Used Car Prices MoM

-1.4%

The Manheim Used Vehicle Value Index is a measure of used vehicle prices in the US which fall into one of the 20 market classes (i.e., excludes heavy trucks, motorcycles, etc). Manheim applies statistical analysis to its database of more than 5 million used vehicle transactions annually. The per-mile adjustment is based on a simple linear regression for price and miles for each market class based on data for the current month The Index is weighted based on a 24-month rolling average of past sales by market class.

Used Car Prices YoY

1.3%

The Manheim Used Vehicle Value Index is a measure of used vehicle prices in the US which fall into one of the 20 market classes (i.e., excludes heavy trucks, motorcycles, etc). Manheim applies statistical analysis to its database of more than 5 million used vehicle transactions annually. The per-mile adjustment is based on a simple linear regression for price and miles for each market class based on data for the current month The Index is weighted based on a 24-month rolling average of past sales by market class.

ADP Employment Change Weekly

11750

The preliminary estimate of the ADP National Employment Report reflects weekly changes in private employment and includes a four-week moving average of total private employment variation.

BCB Focus Market Readout

In Brazil, interest rate decisions are taken by The Central Bank of Brazil's Monetary Policy Committee (COPOM). The official interest rate is the Special System of Clearance and Custody rate (SELIC) which is the overnight lending rate.

9-Month RFTB Auction

2.655%

12-Month RFTB Auction

2.595%

NFIB Business Optimism Index

99.8

NFIB Small Business Optimism Index is a composite of ten seasonally adjusted components calculated based on the answers of around 620 NFIB members. This questions include: plans to increase employment, plans to make capital outlays, plans to increase inventories, expect economy to improve, expect real sales higher, current inventory, current job openings, expected credit conditions, now a good time to expand, and earnings trend.

Long TC Auction

2.86%

Short TC Auction

2.492%

2044 Bond Auction

9.196%

2040 Bond Auction

9.202%

15-Year Bund/g Auction

3.31%

RBA Hauser Speech

In Australia, interest rates decisions are taken by the Reserve Bank of Australia's Board. The official interest rate is the cash rate. The cash rate is the rate charged on overnight loans between financial intermediaries, is determined in the money market as a result of the interaction of demand for and supply of overnight funds.

2038 Bond Auction

8.966%

3-Month DTB Auction

5.19%

10-Year Bund Auction

3.01%

Treasury Gilt 2056 Auction

5.476%

GDP Growth Rate QoQ

0.4%

South Africa is the most developed country in Africa and was the largest until 2014, when it was overtaken by Nigeria. The largest sector of the economy is services which accounts for around 73 percent of GDP. Within services, the most important are finance, real estate and business services (21.6 percent); government services (17 percent); wholesale, retail and motor trade, catering and accommodation (15 percent); and transport, storage and communication (9.3 percent). Manufacturing accounts for 13.9 percent; mining and quarrying for around 8.3 percent and agriculture for only 2.6 percent.

RAGB 2026-2036/1 Auction

3.203%

GDP Growth Rate YoY

1.9%

South Africa is the most developed country in Africa and was the largest until 2014, when it was overtaken by Nigeria. The largest sector of the economy is services which accounts for around 73 percent of GDP. Within services, the most important are finance, real estate and business services (21.6 percent); government services (17 percent); wholesale, retail and motor trade, catering and accommodation (15 percent); and transport, storage and communication (9.3 percent). Manufacturing accounts for 13.9 percent; mining and quarrying for around 8.3 percent and agriculture for only 2.6 percent.

Budget Balance

524300000000

The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.

RAGB 2023-2030/4 Auction

2.822%

9-Month Letras Auction

2.605%

3-Month Letras Auction

2.387%

Foreign Exchange Reserves

180700000000

In Czech Republic, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans.

Unemployment Rate

5%

In Czech Republic, the unemployment rate shows the share of unemployed people between the ages of 15 and 64 immediately able to start work versus all working people in the same demographic group.

Balance of Trade

-635500000

Austria's economy is dependent on foreign trade and closely linked to the economies of other EU countries, particularly Germany. The major export commodity in Austria is the automobile and its components, machinery and paper products. Austria imports mainly machinery and equipment, motor vehicles, chemicals, metal goods, oil and oil products and foodstuffs.

Balance of Trade

-5800000000

Since 2004, France has been recording trade deficits due the gradual erosion of the export-oriented industry, the appreciation of the euro and the increasing dependency on imports of energy and manufactured products. The biggest trade deficits were recorded with: China, Germany, the Netherlands, Italy and Belgium; while the biggest trade surpluses were recorded with: the United States, the United Kingdom, the Middle East, and Switzerland.

Exports

54500000000

France exports mainly transport equipment (23 percent of total exports), of which aeronautics (12 percent) and automobile industry (10 percent). The country also exports mechanical equipment, electronic and computer equipment (19 percent); chemicals, perfumes, cosmetics (12 percent); agro-food industry products (10 percent); metallurgical and metal products (7 percent); pharmaceuticals (6 percent); textiles, leather (5 percent); rubber and plastic products, miscellaneous mineral products (4 percent); jewelry, toys, furniture (3 percent); and agricultural, forestry, fishery and aquaculture products (3 percent). Main export partners are: Germany (15 percent of total exports), Spain and Italy (8 percent each), the UK, the US and Belgium (7 percent each), China and the Netherlands (4 percent each).

Current Account

-1600000000

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

Imports

60200000000

France imports mainly mechanical equipment, electronic and computer equipment (21 percent of total imports); transport equipment (19 percent), of which aeronautics (11 percent) and automobile industry (7 percent); chemicals, perfumes, cosmetics (8 percent); agro-food industry products (8 percent); metallurgical and metal products (7 percent); natural hydrocarbons, other mining products, electricity (7 percent); textiles, leather (7 percent); jewelry, toys, furniture (5 percent); pharmaceuticals (5 percent); and rubber and plastic products, miscellaneous mineral products (5 percent). Main import partners are: Germany (16 percent of total imports), China (9 percent), Italy (8 percent), Belgium (7 percent), the US and Spain (6 percent each), the UK and the Netherlands (5 percent each).

Core Inflation Rate YoY

1.9%

In Hungary, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes some volatile price items.

Inflation Rate MoM

-0.1%

Inflation Rate MoM measures month over month change in the price of goods and services.

Inflation Rate YoY

1.2%

In Hungary, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (23 percent of total weight). Transport accounts for 15 percent; Housing and Utilities for 12 percent; Alcoholic beverages, Tobacco and Narcotics for 9 percent; Recreation and Culture for 7 percent; Miscellaneous Goods and Services for 7 percent; and Furniture, Household Equipment and Maintenance for 7 percent. Health; Restaurants and Hotels; Communication; Clothing and Footwear; and Education account for the remaining 20 percent of total weight.

Exports MoM

0.9%

In 2024, Germany maintained its strong global export position, driven primarily by its manufacturing sector. Motor vehicles and parts remained the country's top export category, accounting for around 17% of total exports (about €263 billion). Machinery followed with a 14% share, while chemical products contributed 9%. The United States emerged as Germany’s largest export destination, with German firms shipping goods worth €161.4 billion across the Atlantic. France, the Netherlands, Poland and China also ranked among the top destinations, underscoring Germany’s key role in global industrial supply chains.

Imports MoM

4.5%

On the import side, Germany purchased a broad range of industrial and consumer goods in 2024. Leading the import categories were motor vehicles (€142 billion), followed by data processing equipment, electronics, and optical products (€134 billion), and electrical equipment (€104 billion). China remained Germany’s largest import partner, supplying goods worth €156 billion, well ahead of the Netherlands (€94 billion) and the United States (€92 billion).

Balance of Trade

25300000000

Denmark has been reporting consistent trade surpluses since 1988. Denmark is self-sufficient in energy producing oil, natural gas, wind and bio energy. Its principal exports are machinery, chemicals and food products. Denmark imports mainly machinery and equipment, raw materials and semi manufactures for industry, foodstuffs and chemicals. In 2017, the largest trade surpluses were recorded with the US, the UK, Norway, France and Russia, while the biggest trade deficits were recorded with Germany, the Netherlands, China and Sweden.

Manufacturing Production MoM

6.2%

In Denmark, manufacturing accounts for 96 percent of total production. The biggest segments within Manufacturing are: pharmaceuticals (20 percent of total manufacturing); food products, beverages and tobacco (14 percent); machinery (14 percent); furniture and other manufacturing (13 percent); metals (9 percent); chemicals and oil refineries (7 percent); and plastic, glass and concrete (7 percent).

Balance of Trade

15400000000

Germany continued to post significant trade surpluses with key partners in 2024. The surplus with the United States stood at approximately €69.8 billion, reflecting robust demand for German industrial goods, such as motor vehicles and machinery. In contrast, Germany recorded a substantial trade deficit with China—around €66.3 billion—due to high imports of electronics, machinery, and other manufactured products. Overall, the US regained its position as Germany’s largest trading partner, slightly ahead of China, with the Netherlands ranking third.

Current Account

29000000000

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

MAS 4-Week Bill Auction

1.53%

MAS 12-Week Bill Auction

1.65%

Eco Watchers Survey Current

45.7

The Economy Watchers Current Index measures the current mood of businesses that directly service consumers, such as barbers, taxi drivers, and waiters. The survey covers eleven regions across the country including Hokkaido, Tohoku, Northern Kanto, Southern Kanto, Tokai, Hokuriku, Kinki, Chugoku, Shikoku, Kyushu, and Okinawa. There were 2,050 people selected among those engaged in jobs in industries. This enabled them to observe any developments that accurately reflect economic activities such as household activity, corporate activity, and employment. A reading above 50.0 indicates optimism; below indicates pessimism.

Eco Watchers Survey Outlook

45.8

The Economy Watchers Survey Outlook measures the expected mood of businesses that directly service consumers, such as barbers, taxi drivers, and waiters. The survey covers eleven regions across the country including Hokkaido, Tohoku, Northern Kanto, Southern Kanto, Tokai, Hokuriku, Kinki, Chugoku, Shikoku, Kyushu, and Okinawa. There were 2,050 people selected among those engaged in jobs in industries. This enabled them to observe any developments that accurately reflect economic activities such as household activity, corporate activity, and employment. A reading above 50.0 indicates optimism; below indicates pessimism.

Inflation Rate YoY Final

3.2%

In Netherlands, the most important categories in the consumer price index are: housing, water, electricity and gas (24.5 percent of the total weight); transport (11.6 percent) and food and non-alcoholic beverages (11.3 percent). The index also includes: recreation and culture (10.3 percent); furnishing and household equipment (6 percent); clothing and footwear (4.9 percent); hotels and restaurants (4.2 percent); communication (3.3 percent) and alcoholic beverages and tobacco (3.1 percent). Health, education and other goods and services account for the remaining 20.8 percent of total weight.

Inflation Rate MoM

1.6%

Inflation Rate MoM measures month over month change in the price of goods and services.

5-Year JGB Auction

2.163%

RBA Hunter Speech

In Australia, interest rates decisions are taken by the Reserve Bank of Australia's Board. The official interest rate is the cash rate. The cash rate is the rate charged on overnight loans between financial intermediaries, is determined in the money market as a result of the interaction of demand for and supply of overnight funds.

Balance of Trade

112500000000

Since 1995, China has been recording consistent trade surpluses. Exports are dominated by machinery and transport equipment—especially electrical machinery, telecommunications devices, office machines, and industrial machinery—alongside manufactured goods, textiles, chemicals, and food products. The European Union and the United States are the largest destinations, supported by regional markets including Hong Kong, Japan, South Korea, Vietnam, Germany, India, and the Netherlands. Imports are driven by machinery, energy products, industrial raw materials, and chemicals, sourced mainly from the EU, South Korea, Taiwan, Japan, the US, and Australia. This mix of high-value exports and essential imports generally results in a persistent trade surplus, highlighting China’s role as a global manufacturing hub and a major consumer of raw materials.

Exports YoY

23.9%

Exports have long been a key driver of China’s rapid economic growth. In recent years, machinery and transport equipment have made up nearly half of all outbound shipments. Within this category, major contributors include electrical machinery and appliances (14%), telecommunications and audio-visual equipment (12%), office and data-processing machines (8%), and industrial machinery and machine parts (5%). Other important export groups include miscellaneous manufactured goods (23%); manufactured products classified by material (16%)—notably textile yarn, fabrics and related articles (5%), metal manufactures (4%), and iron and steel (2%); chemicals and related products (6%); and food and live animals (3%). The European Union and the United States remain China’s largest export markets, each accounting for more than 15% of total shipments. Other significant destinations include Hong Kong, Japan, South Korea, Vietnam, Germany, India, and the Netherlands (around 3% each).

Balance of Trade Yuan

767070000000

Since 1995, China has been recording consistent trade surpluses. Exports are dominated by machinery and transport equipment—especially electrical machinery, telecommunications devices, office machines, and industrial machinery—alongside manufactured goods, textiles, chemicals, and food products. The European Union and the United States are the largest destinations, supported by regional markets including Hong Kong, Japan, South Korea, Vietnam, Germany, India, and the Netherlands. Imports are driven by machinery, energy products, industrial raw materials, and chemicals, sourced mainly from the EU, South Korea, Taiwan, Japan, the US, and Australia. This mix of high-value exports and essential imports generally results in a persistent trade surplus, highlighting China’s role as a global manufacturing hub and a major consumer of raw materials.

Imports YoY

27.5%

Machinery and transport equipment dominate China’s import mix, accounting for about 38% of total inbound shipments. Key components within this category include electrical machinery and appliances (21%), road vehicles (4%), telecommunications and audio-visual equipment (3%), and office machines and data-processing equipment (3%). China also imports significant volumes of mineral fuels, lubricants, and related materials (17%), driven largely by petroleum and petroleum products (13%) and natural and manufactured gas (3%). Crude, inedible materials excluding fuels make up 14% of imports, with metalliferous ores and metal scrap contributing 9%. Chemicals and related products represent 11% of total imports, led by organic chemicals (3%) and plastics in primary forms (3%). Additional import categories include miscellaneous manufactured articles (7%), manufactured goods classified chiefly by material (7%), and food and live animals (4%). The European Union is China’s largest source of imports, supplying 13% of the total, with Germany (5%) and France (2%) being major contributors. Other key import partners include South Korea, Taiwan, and Japan (each around 8%), followed by the United States and Australia (6% each). Brazil provides about 4%, while Malaysia, Vietnam, Russia, and Saudi Arabia each account for roughly 3%, and Thailand, Singapore, and Indonesia about 2% apiece.

3-Month Bill Auction

2.8925%

1-Year Bill Auction

3.4%

6-Month Bill Auction

3.0755%

Private House Approvals MoM Final

0.8%

Building Permits YoY Final

9.5%

Building Permits MoM Final

6.9%

In Australia, Dwelling Approvals MoM show the monthly change in the number of total dwelling units approved, including building activity carried out on existing buildings.

NAB Business Confidence

-6

The NAB monthly survey of business confidence is based on a telephone survey of around 600 small, medium and large size non-agricultural companies. The Survey measures the expectations of business conditions for the upcoming month and is a simple average of trading, profitability and employment indices, reported by respondents for their company. The indices are calculated by taking the difference between the percentage of respondents nominating good or very good, or a rise and those nominating poor or very poor, or a fall.

Westpac Consumer Confidence Change

6%

The Consumer Sentiment Index is based on a survey of over 1,200 Australian households. The Index is an average of five component indexes which reflect consumers' evaluations of their household financial situation over the past year and the coming year, anticipated economic conditions over the coming year and the next five years, and buying conditions for major household items. The index scores above 100 indicate that optimists outweigh pessimists.

Westpac Consumer Confidence Index

88.9

The Consumer Sentiment Index is based on a survey of over 1,200 Australian households. The Index is an average of five component indexes which reflect consumers' evaluations of their household financial situation over the past year and the coming year, anticipated economic conditions over the coming year and the next five years, and buying conditions for major household items. The index scores above 100 indicate that optimists outweigh pessimists.

Construction PMI

53

The AIB Ireland Construction PMI, compiled by S&P Global, is based on monthly survey responses from approximately 150 construction firms, selected to represent the industry by workforce size and GDP contribution. Conducted in the latter half of each month, the survey measures month-on-month changes across various construction metrics. Results are presented as diffusion indices, where a reading above 50 signals growth, below 50 indicates contraction, and 50 represents no change. The headline figure—the Total Activity Index—tracks overall construction output and is seasonally adjusted for comparability over time. Though sometimes referred to as the "Construction PMI," it differs from the headline manufacturing PMI.

GDP Capital Expenditure QoQ Final

-0.7%

Gross fixed capital formation measures the value of acquisitions of new or existing fixed assets by the business sector, governments and households (excluding their unincorporated enterprises) less disposals of fixed assets.

GDP Price Index YoY Final

3.2%

The GDP Deflator measures the change in prices of final goods and services and it is considered as a key indicator for inflationary pressures, that provides insight into the future direction of monetary policy.

GDP External Demand QoQ Final

0.3%

In Japan, GDP External Demand Contribution measures the overall contribution of net exports of goods and services to the GDP. The contribution is calculated as the contribution of exports less that of imports.

GDP Private Consumption QoQ Final

0.3%

In Japan, final consumption expenditure of households takes into consideration the supply-side estimates as well as the demand-side estimates derived from "Family Income and Expenditure Survey" etc. The final consumption expenditure of households represents the weighed average of demand-side and supply-side estimates.

Bank Lending YoY

5.4%

In Japan, bank lending refers to the year-on-year change of all outstanding loans and discounts with banks and shinkin banks. Lending increases with increased business confidence and investment and it is an important indicator for the Japanese economy because of the weakness that has plagued the Japanese banking sector.

GDP Growth Annualized Final

1.8%

GDP Annualized Growth Rate shows the gdp growth that would be registered if the quarter-on-quarter rate of change were maintained for a full year.

GDP Growth Rate QoQ Final

0.5%

Japan's industrialized, free market economy is the fourth biggest in the world. Japan has the largest electronics industry and the third largest automobile industry in the world. Japan’s economy is well-known by its efficiency and competitiveness in exports oriented sectors, but productivity is lower in areas such as agriculture, distribution, and services.

Current Account

-92000000000

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

Overtime Pay YoY

3.4%

In Japan, non-scheduled cash earnings are the wages paid for work performed outside scheduled working hours, and on days off or night work, that is allowances for working outside work hours, night work, early morning work, and overnight duty.

Average Cash Earnings YoY

4%

In Japan, wage growth refers to changes in average cash earnings, including contractual and special cash earnings, in companies with five or more employees.

BRC Retail Sales Monitor YoY

1%

The BRC-KPMG Retail Sales Monitor measures changes in the actual value of retail sales from a sample of retailers. The Monitor measures the value of spending and hence does not adjust for price changes. If prices are rising, sales volumes will increase by less than sales values. In times of price deflation, sales volumes will increase by more than sales values. Retailers report the value of their sales and sales in the equivalent week a year ago. These figures are reported both in total and on a ‘like-for-like’ basis. The percentage increase in the value of sales on a ‘like-for-like’ basis removes the effect of the expansion of retail floor space by the retailers concerned on their sales total. Due to the sample being biased towards large retailers, the ‘like-for-like’ increase usually provides a more accurate guide to general spending patterns, though it will be biased downwards as an estimate of the growth rate for retail as a whole.

GDP Growth Rate QoQ Final

1.8%

South Korea has an export oriented economy and is the world's leading producer of displays and memory semiconductors and the second largest producer of ships. Services account for the highest percentage of GDP (around 57 percent of GDP). Within services the most important ones are public administration (6 percent ); education (5.3 percent); information and communication (5 percent); and business activities (4.6 percent of GDP). A strong manufacturing industry which has turned South Korea into a major exporter accounts for 32 percent of GDP.

GDP Growth Rate YoY Final

3.6%

South Korea’s economy became one of the most diversified and technologically advanced in the world in the last 50 years. Like in most developed countries, services account for the highest percentage of GDP (around 57 percent of GDP). Within services the most important ones are public administration (6 percent ); education (5.3 percent); information and communication (5 percent); and business activities (4.6 percent of GDP). A strong manufacturing industry which has turned South Korea into a major exporter accounts for 32 percent of GDP.

Manufacturing Sales YoY

2.8%

In New Zealand, manufacturing sales refer to the year-on-year change in the volume of sales in the manufacturing sector of the economy. The survey includes 13 industries: meat and dairy product; seafood processing; fruit, oil, cereal, and other food; beverages and tobacco; textile, leather, clothing, and footwear; wood and paper products; printing; petroleum and coal product; chemical, polymer, and rubber products; non-metallic mineral products; metal products; transport equipment, machinery, and equipment; and furniture.