New Overnight Developments Abroad - Daily Update
September 4, 2026
The U.S. labor market last month showed greater-than-anticipated strength. The pivotal factor behind what the FOMC ultimately decides will still be upcoming price data, today’s job market surprise packed enough punch to depress share prices, maintain elevated long-term interest rate levels, lift the dollar, and soften the prices of crypto and precious metals. The dollar […] More
Tags: Euroland retail sales and construction PMI, German industrial orders, National Bank of Kazakhstan, U.S. and Canadian labor market situations
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Central Bank Watch
September 3, 2026
The Reserve Bank of New Zealand’s official cash rate was raised by 25 basis points to 2.75% in follow-up to a similarly-sized initial tightening at the prior policy review in July. Nine previous reductions between May 2023 and August 2024 had lowered the interest rate to 2.25% from 5.5%, but consumer price inflation in New […] More
Tags: Reserve Bank of New Zealand
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New Overnight Developments Abroad - Daily Update
September 3, 2026
Federal Reserve Governor Waller and New York Fed President Williams each made remarks casting some doubt about the likelihood of the central bank raising interest rates after its September 15-16 policy review. Waller said the decision is likely to be heavily influenced by the upcoming CPI price data, and Williams noted that a fading impact […] More
Tags: Central Bank of Malaysia, Composite purchasing manager surveys August 2026, Euroland PPI, Reserve Bank of New Zealand, Swiss CPI and GDP, Williams and Waller
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New Overnight Developments Abroad - Daily Update
August 28, 2026
The much-awaited keynote address by Fed Chairman Warsh at the annual Jackson Hole Symposium included these remarks about inflation: While this summer’s PCE and CPI readings were better than expected, they do not tell me that underlying trends have meaningfully improved. The data also show moderate wage growth. But in tracking underlying inflation, wage growth […] More
Tags: Canadian GDP, Euroland economic sentiment, German import prices, Spanish and French CPI, Warsh remarks on U.S. inflation
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Central Bank Watch
August 27, 2026
entral bank interest rates were hiked by 25 basis points today in South Korea and the Philippines to 3.0% and 5.0%, respectively. In South Korea’s case, this was the second such tightening in a row from a 2.5% base maintained from May 2025 until the monthly review this past July. Despite slightly lower inflation in […] More
Tags: Bank of Korea, Central Bank of The Philippines
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New Overnight Developments Abroad - Daily Update
August 27, 2026
Dollar changes this Thursday have been unremarkable. Nvdia earnings last quarter exceeded optimistic expectations. The tech-intensive Nasdaq is 1.2% higher mid-morning EDT. More general jitters about AI, the Middle East war, and U.S. trade policies are associated with little change in other major U.S. stock market barometers. Pac Rimequities were mixed today, with the Korean […] More
Tags: Bangko Sentral Ng Pilipinas, Bank of Korea, Canadian current account, U.S. merchandise trade defiict
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New Overnight Developments Abroad - Daily Update
August 26, 2026
In two more days, the war between the United States and Iran will be seven months old in a conflict initially estimated to last five weeks at top. Seven months represents a sixth of the duration of U.S. participation in the second world war from Pearl Harbor to Hiroshima. There have been many elusive moments […] More
Tags: Australia CPI, Bank of Thailand, U.S. GDP and PCE price deflator
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Central Bank Watch
August 25, 2026
As was expected, officials at the National Bank of Hungary cut the central bank base rate by another 25 basis points. This is the fourth such reduction so far in 2026. At 5.5%, the base rate is down from 6.5% prevailing from September 2025 until this past February and a peak of 13.0% maintained from […] More
Tags: Central Bank of Hungary
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New Overnight Developments Abroad - Daily Update
August 25, 2026
The dollar has lost ground in August but has not significantly broken out of the narrow corridor traveled so far during 2026. At 100.5 on July 28, it was 0.3% shy of its 52-week peak, and at 98.56 last Friday, it was only 1.2% above a low touched six months ago. Today has been another […] More
Tags: French consumer confidence, German GDP and business climate index, Magyar Nemzeti Bank, National Bank of Kyrgyzstan
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New Overnight Developments Abroad - Daily Update
August 24, 2026
(125) Even for a Monday, today’s session has very few scheduled releases of economic data around the world. Financial market participants are focused on what lies ahead. Shipping traffic through the Strait of Hormuz failed to exceed a measly ten vessels yesterday. With a shift from military to economic warfare, President Trump has called today […] More
Tags: Economic D-Day and Liberation Day, U.S. Treasury Secy Bessent, Warsh and Himino
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Week Kicks off Light on Data but Heavy with Anticipation
