DBS Group Research forecasts an improvement in China’s industrial production to 5.0% year-on-year in August, helped by strong export growth driven by AI-related electronics.

Commerzbank economists, led by Dr. Henry Hao and colleagues, note Taiwan’s August trade surplus hit a record USD22.3bn, driven by strong AI-related exports. Electronics and semiconductor shipments surged, lifting overall exports and imports.

ING economists Deepali Bhargava and Lynn Song expect the Bank of Japan to raise its policy rate by 25bp to 1.25%, citing persistent price pressures. They project two further 25bp hikes in January and April 2027, taking the rate to 1.75%.

DBS Group Research expects India’s inflation to accelerate to 4.9% year-on-year, with food and energy costs driving a gradual broadening of price pressures.

Deutsche Bank’s Chief UK Economist Sanjay Raja highlights stronger-than-expected UK GDP data, with July output rising 0.4% month-on-month and broad-based gains across services, production and construction.

American consumer confidence is expected to have lost some traction in September, as households have been growing more pessimistic about current conditions and the broader economic outlook, according to preliminary data from the University of Michigan.

ING’s Frantisek Taborsky notes that the National Bank of Poland maintained a dovish stance, signalling no need to adjust rates potentially until mid-next year despite rising inflation.

UOB economist Lee Sue Ann notes that the European Central Bank (ECB) delivered a widely expected 25 bps hike but signalled a more hawkish stance as inflation risks from the Middle East-driven energy shock remain elevated.

TradingKey - Os dados de inflação dos EUA de agosto vieram amplamente em linha com as expectativas do mercado, mas as pressões subjacentes sobre os preços persistiram. Somadas à recente retomada de fo

DBS Group Research analysts Taimur Baig and Chang Wei Liang expect the Bank of Japan (BoJ) to hike rates by 25 bps at its September 17–18 meeting, citing solid Gross Domestic Product (GDP) growth, stronger wages and inflation near the 2% target.

India Bank Loan Growth increased to 19.1% in August 24 from previous 18.3%

Deutsche Bank’s Mark Wall and colleagues say the European Central Bank delivered a 25bp hike to 2.50% in September, with President Lagarde describing it as a no‑brainer.

Swiss National Bank Chairman Martin Schlegel said during the European trading session on Friday that the Swiss Franc exchange rate has been a challenge for the Swiss economy. However, headed that the real Franc has been stable since 2020.

United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann report that GBP/USD’s sharp drop to 1.3493 looks stretched short term, favouring consolidation between 1.3495 and 1.3535 intraday.

ING analysts David Havrlant and Frantisek Taborsky say the Czech market is being driven mainly by global factors and high energy prices, but EUR/CZK still reacts to Czech National Bank (CNB) meetings and guidance.

Danske Research Team explains that Sweden’s July Gross Domestic Product (GDP) indicator was weak, but underlying domestic activity appears stronger, with solid services and consumption data.

United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann flag a sudden AUD/USD selloff to 0.7156, with intraday momentum pointing to further losses toward 0.7140, though 0.7120 is seen as strong support for now.

The US Bureau of Labor Statistics (BLS) will publish the August Consumer Price Index (CPI) data on Friday. The report is expected to show a small decline in annual core inflation.

Francesco Pesole at ING argues that despite stronger United Kingdom (UK) Gross Domestic Product (GDP) data and resilient Sterling, the move in Gilts is largely externally driven and not about domestic fiscal fears.

Commerzbank’s Antje Praefcke reports that the Polish central bank kept its key rate at 3.75%, while Governor Glapiński signalled no cuts until year-end after previously sounding dovish.

EUR/CAD experienced volatility but remained flat for the second successive day, hovering around 1.6060 during European hours on Friday. The currency cross may rise as the Euro (EUR) could receive support due to ongoing hawkish sentiment surrounding the European Central Bank (ECB) policy outlook.

United Kingdom (UK) Chancellor of the Exchequer John Healey said during the European trading session on Friday, “Britain’s economy is demonstrating a welcome resilience, despite serious global uncertainty.”

Danske Research Team reports that Norwegian core inflation rose to 3.0% year-on-year in August, below Norges Bank’s June projection of 3.3%.

United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that USD/CHF has broken higher toward 0.8147, with overbought but still constructive momentum suggesting scope to test 0.8155 intraday.

Commerzbank’s Tatha Ghose expects the Russian central bank to keep its key rate at 14.0%, arguing inflation fundamentals do not justify further easing despite weak growth.

GBP/JPY depreciates after registering gains in the previous day, trading around 208.30 during Asian hours on Friday. The currency cross loses ground as the British Pound (GBP) remains subdued against the Japanese Yen (JPY) following the release of key economic data from the United Kingdom (UK).

Danske Research Team notes that global equities fell around 0.5% despite a hawkish European Central Bank message and sharp yield curve moves.

The European Central Bank (ECB) Governing Council member Joachim Nagel said on Friday that its’ too early to speculate on rate hikes.

United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann highlight growing downside momentum in EUR/USD after a sharp drop to 1.1591, though they see limited scope for a sustained break below 1.1585 in the very near term.

United Kingdom Total Trade Balance: £-3.45B (July) vs £-5.537B