Economy
Central banks, inflation, jobs and growth, and the policy decisions that shape the cycle.
Japan's Real Wage Growth Slows to 1.4% as Inflation Eats Into Gains
Japan's real wages rose for a fifth straight month in May, but the gain slowed to 1.4% as inflation accelerated. The mixed data complicates
BRICS Creator Jim O’Neill Says Dollar Alternatives No Longer a ‘Fantasy’ as Payment Tech Advances
Jim O’Neill, the economist who coined the term BRIC, says newer payment technology makes the idea of building alternatives to the US dollar
German DAX Edges Up as Factory Orders Beat Forecasts, Construction Still Weak
German stocks inched higher as factory orders rebounded more than expected in May. Construction activity improved but stayed below the key 5
Bank of Canada Survey: Business Inflation Fears Ease After US-Iran Deal, Hiring Cools
Canadian companies' inflation expectations have softened following the US-Iran interim agreement, according to a Bank of Canada survey. Howe
Fed's Waller: Forward Guidance Works Best When Outlook Is Clear
Fed Governor Christopher Waller defended forward guidance at a conference in Rome, saying it can accelerate policy effects. But he cautioned
MUFG CEO Warns Weak Yen Could Backfire, Squeezing Japan's Consumers
Japan's biggest lender warns the yen's slide is becoming a threat to growth. CEO Junichi Hanzawa says yen-driven inflation is outpacing wage
US Services Growth Slows in June as Employment Rebounds, Inflation Eases
US services sector growth cooled slightly in June, but a key employment gauge snapped back into expansion. The data complicates the narrativ
BMO Sees Canada's Economy Rebounding After Soft Patch, Housing Stabilizing
Bank of Montreal points to a 0.5% rise in April output, steadier housing activity, and progress on major projects like a potential Alberta-t
Canada's Services Sector Shrinks in June as High Prices and Uncertainty Weigh on Demand
Canada's services sector contracted in June, with S&P Global's PMI dropping to 47.1 from 50.6. High prices and geopolitical uncertainty weig
Canada's June Jobs Report Expected to Show Modest 10,000 Gain After May's Surge
Canada's June jobs report is due Friday, with Scotiabank expecting a modest 10,000 gain and unemployment holding at 6.6%. Investors should w
UK Construction PMI Edges Up to 38.4 in June, But Housing and Infrastructure Still in Deep Slump
The UK construction sector's downturn eased marginally in June, with the PMI rising to 38.4. However, housebuilding saw its sharpest drop of
CEE Currencies Hold Steady as Markets Await Inflation Data and Rate Decisions
Central and Eastern European currencies were steady Monday as traders awaited key inflation data and central bank decisions. The focus is on