Breaking Data
Latest stock market data plus index, currencies, and commodities performance
US and China detail $30 billion tariff-cut framework
The US and China have detailed a reciprocal tariff agreement covering consumer goods, agriculture, energy and industrial products.

US-China trade truce extended as Trump-Xi summit turns to rare earths and AI
Washington says the US-China trade truce will run until Jan. 10, 2027, easing immediate tariff risks while leaving the hardest disputes unresolved.

UK inflation returns above 3% as energy shock tests the Bank of England
UK inflation climbed back above 3% in August, but the rise was driven mainly by energy and transport rather than a broad acceleration in underlying prices.

US jobs report could break the 50-50 split on a September Fed rate hike
The August jobs report arrives with markets almost perfectly divided over a September Fed rate hike, making any major payroll, unemployment or wage surprise potentially important for rate expectations.

BOJ leans toward September rate hike as yen weakness keeps inflation risk high
The BOJ is leaning toward a September rate hike, but markets are increasingly focused on whether tightening could accelerate afterward.

US private payrolls rise by just 38,000 as labour market slows
US private-sector hiring slowed to its weakest pace since January, raising concerns ahead of Friday’s jobs report.

New Zealand is entering a harder phase of the rate cycle
The Reserve Bank has already pushed the Official Cash Rate to 2.75%, but the conversation has shifted. It is no longer about whether rates needed to rise. It is about how much further they can go before the economy starts feeling the weight of tighter policy.

Fed’s Lisa Cook signals rate hike unless inflation improves soon
Federal Reserve Governor Lisa Cook has warned that interest rates may need to rise unless inflation shows clearer signs of cooling. After voting to keep rates unchanged last week, Cook said price stability now poses a greater risk than the labor market and that the Fed cannot afford to wait indefinitely.

UK inflation falls to 15-Month low but energy risks may limit the relief
UK inflation fell more than expected to a 15-month low in June as cheaper motor fuel, softer food inflation and clothing discounts reduced pressure on household budgets. The relief may be temporary, however, as higher domestic energy bills and renewed Middle East tensions threaten to push inflation higher again.

Soft UK jobs data give BOE room to hold rates despite oil risk
The UK labour market continued to soften in June, giving the Bank of England more room to keep interest rates unchanged at its July meeting. Payrolls declined, vacancies fell and private-sector wage growth eased to 2.9%, although renewed US-Iran tensions and oil prices near $90 a barrel could still revive the risk of a rate hike later this year.
