Breaking Data
Latest stock market data plus index, currencies, and commodities performance
Trump Wins as 47th President of the United States
Trump’s historic return to the White House triggers market surges and shifts in economic sentiment as he overperformed his 2020 results in several regions

Fed minutes reveal debate over rate cut
Several members cited labor market concerns and inflation progress as reasons to consider easing policy

US employment report shows labour demand stalling
A soft set of employment numbers from the US this afternoon and which leaves the Fed looking precariously behind the curve policy-wise.

BoE surprises with an interest rate cut
The BoE showed an increased willingness to tolerate data misses and vote to cut interest rates today. But going forward, the pace of monetary loosening to come looks set to be slow and gradual.

Euro-area Q2 growth beats expectations
Today's reading shows an unchanged pace of growth compared to Q1. But the ECB will still find itself under pressure to cut rates again in September.

US Q2 GDP report rules out the small chance of a July interest rate cut
Although the main factors behind today's better GDP numbers look unsustainable going forward, the report should put to bed the suggestions made recently that the Fed should cut interest rates this month.

UK PMI surveys raise further doubts about an August rate cut
Although today's reports showed output prices to be slowing, robust outlooks for both growth and employment will do nothing to assuage BoE concerns about the strength of underlying inflationary pressures going forward.

US June retail sales numbers show consumer spending continuing to weaken
Today's report shows consumer spending continuing to slowly soften, presenting no obstacle to hold the Fed back from cutting interest rates.

Stronger US PPI numbers still allow the Fed to cut interest rates in September
Today's PPI numbers appear at first glance to rule out any suggestion of a first interest rate cut being delivered in September. But as with all such reports, the devil is in the detail.

US CPI report gives the Fed the green light to start cutting interest rates
Today's report showed disinflationary pressures to be widespread across the US economy. Reasons for the Fed to delay cutting rates are becoming few and far between.
