ING Economic and Financial Analysis

USD: Nvidia results in focus The Jackson Hole Economic Symposium starts tomorrow and should become the overwhelmingly predominant driver for currency markets. For now, investors are keeping a close...

UK services inflation, the part of the CPI data the Bank of England is most concerned about, has picked up again from 7.2% to 7.4%. That’s higher than the Bank had forecast (7.3%), but...

Energy: Natural gas spikes higher once again The effects of weaker-than-expected Chinese macro data rippled through the commodities complex yesterday, including oil. ICE (NYSE:ICE) Brent settled...

USD: Strong US retail sales should help The dollar pushed ahead around 0.7% yesterday as pressure on EM currencies around the world encouraged more dollar demand. Very much in focus remains China's...

US markets have fully embraced the soft landing storyMarkets have fully embraced the soft landing story in the United States whereby growth is respectable while inflation is slowing nicely, offering...

USD: Disinflation not enough for the bears July’s US inflation numbers released yesterday were largely in line with expectations, reassuring markets that there are no setbacks in the...

Manufacturing surge boosts UK GDP growth The UK economy grew faster than expected in June, helped by a surge in manufacturing production. Monthly GDP rose by 0.5% on the month, though the 2.4%...

Energy – LNG supply risks from Australia TTF prices surged more than 40% yesterday after reports of potential strikes at Australia’s LNG facilities pushed up supply risks significantly....

USD: Price action will be telling It has been a quiet week for global financial markets. Last week's concerns about the quarterly US Treasury refunding seem to have dissipated after the three and...

Food and energy prices top list of perceived inflationary pressuresHouseholds across Europe are worried that the so-called 'cost of living crisis' is here to stay. That's despite inflation rates in...

Note: August CPI & July wages will be published by the September BoE meeting. September CPI & August wages will be published by the November BoE meeting Markets have reappraised the Bank of...

Energy: China’s crude oil imports slow ICE (NYSE:ICE) Brent slipped from highs yesterday and has been trading weak in the morning session today as the focus shifts back to demand-side...

Energy – Ukrainian drone attacks on Russian oil tankers ICE (NYSE:ICE) Brent settled above US$86/bbl on Friday as tensions in the Black Sea region increased further after Ukraine declared...

USD: CPI and quarterly refunding will be the highlights Friday's release of a mixed US July jobs report was enough to deliver some calm to the US bond market. Recall that the sharp sell-off at the...

Energy – Saudi extends oil output cuts for September Metals – Chinese steel mill inventories fall Agriculture – Ukraine revises up grain crop estimates Energy – Saudi extends...

USD: Time to re-focus on Fed pricing? EUR: Stabilising GBP: A hawkish 25bp hike by the BoE CZK: CNB formally ended the FX intervention regime USD: Time to re-focus on Fed pricing? US bonds remained...