Recent headlines from the sources AlphaScala monitors. AlphaScala analysis is published in the main market section.
Spain July services PMI hit 58.3, the highest since March 2023, beating 54.9 consensus. New orders drove the lift. Price pressures eased. The euro held near $1.0920.
RBI Governor Sanjay Malhotra said policy will be data dependent. The bank cut its inflation forecast to 5.0% and the rupee may strengthen as tensions ease.
Brent crude fell below $80/bbl after Axios reported a 60-day interim deal to reopen the Strait of Hormuz. Yields fell, equities rallied to records, and the dollar held steady. ADP data and ISM services are due next.
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Natural gas tests $2.66 support after a smaller storage build; WTI crude bounces from $75.10 after a massive 7.17 million barrel inventory draw.
RatingDog's China services PMI slid to 50.4 in July, missing the 53.7 forecast, the weakest since Sept 2024. Yao Yu says recovery hinges on domestic demand.
WTI crude sits between $80-85 after swinging from $70 to $90. Analysts say the buffers that stabilized supply are temporary, leaving narrower margins for any new shock.
New Zealand's jobless rate rose to a near-decade high in Q2, exceeding forecasts. Westpac economists said the data is mixed for the RBNZ, with wage growth stable but labour demand soft.
Dairy led the ANZ commodity index's monthly slide, falling 6.5% in July. Casein rose 28.2% YoY. A firmer kiwi could cut export returns further into August.
Japan services PMI fell to 51.2 in July as selling prices neared record highs, keeping pressure on the Bank of Japan to raise rates, S&P Global said. Composite output held steady at 52.7.
Base pay accelerated to 3.4%, outpacing bonus-driven gains, as Japan's government projects real wage growth through fiscal 2027. BoJ weighs next rate move.
Australia's services PMI climbed to 53.6 in July, its fastest pace in six months. New orders returned to growth for the first time in five months as firms rebuilt margins through faster price increases.
New Zealand unemployment hit 5.6%, an 11-year high, while employment rose 0.5% and wages beat forecasts, complicating the RBNZ's easing calculus.
Brent fell to near $80 after Bessent flagged a possible Hormuz deal. Failure to break below $80 suggests traders are not pricing out the risk premium until Tehran confirms.
Canada's trade surplus widened to CAD 3.9B in June. The weaker loonie inflated export values; in US-dollar terms both exports and imports fell. Export volumes still rose 1.1%.
Bessent said Japan needs policy follow-up after intervention, signaling US expects BoJ rate hike. MUFG sees joint intervention as yen turning point.
Iran would control inbound Gulf shipping and collect security fees under a deal with Oman. US Secretary of State Rubio warned the arrangement would set a dangerous precedent for international waterways.
The July payrolls report is the first US labour data before the Fed's September meeting. With +80k expected, only a significant deviation would alter the rate path. CPI looms larger.
OPEC+ adds 188K bpd in September, removing final voluntary cuts, while Iran tensions and shipping risks keep a premium on crude. WTI holds $81, Brent near $84.90.
Brent crude rose to $88.40 and WTI to $81 after Monday's drop. The dollar and commodity currencies track oil's moves as traders await clarity on US-Iran talks.
Yen slides to 157.70 as Japan's ruling party backs food tax cut; KOSDAQ curb activated for third straight session on KRW 354 bln institutional buying.
June household spending rose 0.8% against a 0.2% consensus forecast, the second straight upside surprise. Discretionary categories led the gain, reinforcing the case for further RBA tightening.
The US-Japan yen intervention echoes the 1985 Plaza Accord, raising questions about Japan's policy autonomy and the risk of Treasury liquidation.
Underlying price pressures build as core CPI hits fastest pace since Dec 2023, keeping the Bank of Korea on a tightening path despite softer headline inflation.
WTI oil dives 4.8% after Trump cancels strikes on Iran, as Tehran negotiates a Strait of Hormuz reopening. Brent slides below its 50-day moving average.
Private banks raised $10.73 billion in FCNR(B) deposits under the RBI's dollar-rupee swap window, beating PSBs' $8.84 billion. HSBC led all lenders with $6.14 billion.
The natural gas market has been choppy in early Monday trading, with traders looking to see if any momentum can return to this market.
Construction spending slipped 0.1% in June, missing forecasts, and the prior month was revised down to flat, raising questions about sector momentum.
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The dollar posted its worst monthly performance since April after the US joined Japan in coordinated yen intervention, with $54 billion spent on the first day alone.