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September 11, 2026
QT: BOE Slowdown But Not BOJ/ECB Yet
September 11, 2026 11:50 AM UTC
· The BOE will likely slow the pace of QT to GBP50bln pa at the September 17 MPC meeting, but the BOJ/ECB have no current plans to slow QT. The BOJ QT at 6% of GDP is huge and pushing up JGB yields and the BOJ could slow the pace over the winter into the spring once the next 25bps pol
FX Daily Strategy: N America, Sep 11
September 11, 2026 9:01 AM UTC
EUR/USD dips back to anchor out of ECB meeting, though money market rate bets firm up
Focus turns to US CPI, where we see upside risks to core
Could see another intraday reaction for the dollar to keep recent chop going
UK GDP upside keeps EUR/GBP capping and range top fading in place for now
UK GDP Growth defies expectations in July but expected to slow ahead
September 11, 2026 7:53 AM UTC
Contrary to expectations, the UK economy grew by 0.4% in July (on a month-on-month basis) against a forecast of zero growth. Activity during the month was driven by services (0.4%), production (0.2%) and construction (0.1%). The sector breakdown shows that growth in the services sector was driven pa
Chartbook: Chart Shanghai Shenzhen CSI 300: Extend corrective pullback from June high
September 11, 2026 3:16 AM UTC
Break above the 5000 level in Q2 reached fresh year high at 5064 before giving way to sharp pullback to reach 4480 low. Consolidation here has left a lower high below resistance at the 4750 congestion and threatens pullback to retest the 4480, July low.
Below the latter will confirm a top in place at
September 10, 2026
Preview: Due September 24 - U.S. August New Home Sales - An upward correction in a slowing trend
September 10, 2026 5:35 PM UTC
We expect an August new home sales pace of 635k, which would be a 4.6% increase if July’s 10.5% decline to 607k is revised. A modest rise should be seen as corrective with trend weakening, in part because of upward pressure on mortgage rates.
ECB Hikes by 25bp to 2.5%, leaves the door open – but no great urgency
September 10, 2026 3:16 PM UTC
Today’s decision to increase the deposit rate by 25bp to 2.5% came as no surprise given the uptick in headline euro area inflation, the energy market backdrop and recent comments from ECB members. President Lagarde in the press confidence said that today’s increase was a “no brainer” and a ?
ECB Hikes by 25bp to 2.5%, leaves the door open – but no great urgency
September 10, 2026 3:07 PM UTC
Today’s decision to increase the deposit rate by 25bp to 2.5% came as no surprise given the uptick in headline euro area inflation, the energy market backdrop and recent comments from ECB members. President Lagarde in the press confidence said that today’s increase was a “no brainer” and a ?
U.S. August Existing Home Sales - Trend subdued with hints of weakness
September 10, 2026 2:13 PM UTC
August existing home sales have seen a 2.0% decline to 3.98m, the weakest level since June 2025 and a third straight decline. Most housing sector indicators are subdued. Upward pressure on mortgage rates, and a potential Fed tightening next week, could add to the pressure.
Preview: Due September 11 - U.S. August CPI - Firmer on energy and lodging away from home
September 10, 2026 1:15 PM UTC
We expect a slightly stronger US CPI in August, up by 0.4% overall, lifted by energy, and 0.3% ex food and energy, lifted by a correction higher in lodging away from home. Before rounding we expect overall CPI to rise by 0.37% and ex food and energy CPI to rise by 0.26%. Despite a firmer monthly cor
U.S. August PPI - Near consensus, but still firmer than the Fed would like
September 10, 2026 1:03 PM UTC
August PPI is in line with expectations, up 0.4% overall, and a moderate 0.2% ex food and energy. A 0.3% rise ex food, energy and trade suggests underlying trends are still a little firmer than the Fed would like. Initial claims at 206k versus 207k and continued claims at 1.774m versus 1.775m are vi
U.S. August PPI - Near consensus, but still firmer than the Fed would like
September 10, 2026 1:03 PM UTC
August PPI is in line with expectations, up 0.4% overall, and a moderate 0.2% ex food and energy. A 0.3% rise ex food, energy and trade suggests underlying trends are still a little firmer than the Fed would like. Initial claims at 206k versus 207k and continued claims at 1.774m versus 1.775m are vi