Russia Unemployment Rate down to 2.1% in May from previous 2.2%

At the ECB Forum in Sintra, Fed Chair Kevin Warsh largely followed the script, offering little to change the market’s current view on monetary policy.

Societe Generale’s Dev Ashish notes that Banco de la República delivered a larger-than-expected 75bp hike to 12%, reinforcing a restrictive stance as inflation and expectations stay well above target.

DBS' Senior Economist Radhika Rao with data support from Daisy Sharma, highlights that India’s real Gross Domestic Product (GDP) grew 7.8% year-on-year in 1Q26, slightly below the revised 8.0% in 3QFY26.

National Bank of Canada's (NBC) Kyle Dahms notes that the Canadian economy began Q2 on a stronger-than-expected footing, with real Gross Domestic Product (GDP) boosted by energy, manufacturing and construction.

HSBC’s Willem Sels and Lucia Ku note that UK inflation remains above target but see risks as more balanced after the US-Iran interim peace agreement.

Commerzbank’s Dr. Ralph Solveen notes that Eurozone inflation fell to 2.8% in June, mainly on lower energy prices, while core inflation eased to 2.4%. The bank expects overall inflation to stay close to 3% in coming months.

United States ISM Manufacturing New Orders Index fell from previous 56.8 to 56 in June

United States ISM Manufacturing Prices Paid came in at 73, below expectations (79) in June

United States Construction Spending (MoM) below expectations (0.2%) in May: Actual (0.1%)

United States ISM Manufacturing PMI came in at 53.3 below forecasts (54) in June

United States ISM Manufacturing Employment Index: 49.7 (June) vs 48.6

United States S&P Global Manufacturing PMI below forecasts (55.7) in June: Actual (53.9)

European Central Bank (ECB) President Christine Lagarde speaks at a policy panel at the ECB Forum on Central Banking 2026.

Nordea’s analysts argue that softer June inflation data should significantly lower the risk of another European Central Bank (ECB) rate hike in July.

South Africa Total New Vehicle Sales: 54482 (June) vs 51071

While speaking at a policy panel at the European Central Bank's (ECB) Forum on Central Banking, Bank of Governor (BoE) Andrew Bailey acknowledged that they have a softening economy and labour market.

Federal Reserve (Fed) Chairman Kevin Warsh reiterated that he will not be giving forward guidance on policy, while participating at a panel at the ECB Forum on Central Banking 2026.

Brazil S&P Global Manufacturing PMI: 50.8 (June) vs 49.1

HSBC analysts Willem Sels and Lucia Ku argue that concerns over mega IPOs and stretched valuations in US equities are offset by solid earnings growth across most S&P 500 sectors, driven by AI-related demand.

Chris Turner at ING argues the ECB is unlikely to drop its tightening rhetoric yet, even if a second September hike might be a mistake.

Private sector employment in the United States grew by 98K in June, the Automatic Data Processing (ADP) reported on Wednesday. This print followed the 122K increase recorded in May and came in below the market expectation of 113K.

United States ADP Employment Change below forecasts (113K) in June: Actual (98K)

HSBC’s Willem Sels and Lucia Ku highlight that the new Fed Chair’s hawkish tone supports expectations that US policy rates will stay unchanged through 2026 and 2027, reinforcing Dollar credibility.

White House National Economic Council Director Kevin Hassett said in a statement during the late European trading session on Wednesday that it would be a mistake for the Federal Reserve (Fed) to raise interest rates.

Nordea’s Anders Svendsen and Tuuli Koivu note that lower-than-expected Euro-area inflation in June reduces pressure on the European Central Bank (ECB) and supports a wait-and-see stance for the July meeting.

United States (US)-based employers announced 45,849 job cuts in June, down 53% from the 97,006 cuts registered in May, Challenger, Gray & Christmas' latest report showed on Wednesday.

The remarks from European Central Bank (ECB) policymaker and the head of Belgium's central bank, Pierre Wunsch, released by Econostream during the European trade on Wednesday, have signaled that he is not in favor of further monetary policy tightening.

European Central Bank (ECB) Governing Council member Martin Kocher said in the European trade on Wednesday that the next monetary policy move by the central bank will either be a hold or a hike, citing that higher wages could keep inflationary pressures elevated.

United States MBA Mortgage Applications: 0% (June 26) vs previous 1%