Japanese July wage growth beats forecasts with 4.7% rise
Japan's July 2026 average cash earnings rose 4.7% year-on-year, beating the 3.9% forecast, and real wages increased 2.4%.
Japan's July 2026 average cash earnings rose 4.7% year-on-year, beating the 3.9% forecast, and real wages increased 2.4%.
UK retail sales growth slowed to 0.7% in August, the smallest increase since April, as the summer boost faded. Consumer confidence also dropped.
UBS retains a constructive gold view, positioning it as a portfolio hedge against inflation and geopolitical risks, and advises using price dips to build…
UBS expects two Fed rate hikes in 2025 after strong jobs data, maintaining a positive equity outlook driven by economic strength.
Goldman sees gold's pullback as a pause, with dips toward $4,000 an ounce a buying opportunity before the September FOMC.
Japan's Q2 GDP revision out today could sway BOJ September rate hike odds, currently at 80%.
Japan's GDP and China trade data due Tuesday; preliminary Q2 GDP missed expectations.
European stock benchmarks finished the session mixed, with energy shares supported by higher oil and bond yields climbing on rate concerns.
Oil may soon hit $100 again, threatening to reverse inflation progress and create a policy dilemma for central banks as the US-Iran conflict persists.
Strong NFP data raised rate hike expectations, sending the S&P 500 lower. Focus now on US CPI.
EUR/USD consolidates ahead of US CPI. Dollar spiked on NFP but focus remains on inflation. ECB likely to hike 25 bps.
Eurozone Q2 GDP was revised up to 0.6% q/q on trade, with annual growth at 1.2%, but underlying domestic demand remained soft.
Gold erased earlier gains after a strong US jobs report raised rate hike expectations, with traders now focused on the upcoming CPI data.
Eurozone Sentix investor confidence index rose to 5.1 in September, its highest since February 2022.
Economic calendar for September 7-11 with ECB meeting, U.S. inflation data, and Australian consumer sentiment.