Inflation

2 July 2026
Sterling Rises as Soft US Jobs Data Temper Dollar, Markets Look to Nonfarm Payrolls

Sterling rose as weak US jobs data capped dollar gains; traders await NFP amid hawkish Fed outlook.

2 July 2026
Warsh flags easing inflation risks but keeps Fed focused on 2% target, markets steady

Warsh said inflation progress improved but pressures persist; Fed prioritizes 2% target, keeping higher-for-longer rates likely.

2 July 2026
Banco de la República’s surprise 75bp hike to 12% lifts terminal-rate bets and flattens curve

Banco de la República hiked 75bp to 12%, signaling further tightening; expect curve flattening, peso support, volatility.

2 July 2026
Canada GDP beats forecasts as energy rebound lifts Q2 growth outlook amid tariffs and housing risks

Canada’s Q2 growth surprised as April GDP rose 0.5%, led by energy rebound, amid risks.

2 July 2026
HSBC Sees BoE on Hold as UK Inflation Eases; Prefers GBP Investment Grade Credit

HSBC says UK inflation remains above target; BoE stays at 3.75%, with balanced risks and modest growth.

2 July 2026
Eurozone Inflation Cools on Cheaper Energy as Commerzbank Sees ECB September Rate Rise

Eurozone inflation eased to 2.8% as energy fell; Commerzbank expects near 3% and ECB hike.

2 July 2026
Gold rebounds above $4,000 as softer US data dents dollar, Fed rate-hike bets persist

Gold rebounds above $4,000 as dollar softens, but rate-hike odds and weak demand cap upside.

2 July 2026
US ISM Manufacturing PMI Misses Forecast as Price Pressures Ease; Dollar Holds Firm Above 101

ISM June data signaled cooling US manufacturing: PMI 53.3, prices eased, jobs improved; dollar stayed firm.

2 July 2026
US ISM manufacturing prices paid misses forecasts, easing Fed hike bets and lifting equities

ISM prices paid fell to 73 in June, cooling inflation fears, easing Fed hike odds, boosting risk assets.

2 July 2026
US ISM manufacturing jobs gauge rises in June, easing contraction and reinforcing higher-for-longer bets

US ISM manufacturing employment rose to 49.7 in June, signaling slowing job declines and soft-landing optimism.

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