Policy

7 July 2026
US ISM Services PMI Holds at 54 in June, Supporting Fed Higher-for-Longer Stance

June ISM Services PMI held at 54, signaling steady expansion; supports higher Fed rates, lower volatility.

7 July 2026
ISM Services Employment Rebounds Above 50, Challenging Fed Rate-Cut Expectations

ISM services employment rebounded to 51.2, signaling expansion, delaying Fed cuts and boosting yields, dollar, volatility.

7 July 2026
US ISM services new orders cool in June, boosting rate-cut bets and volatility hedging strategies

ISM Services New Orders fell to 55.1 in June, signaling cooling demand, boosting rate-cut odds, volatility trades.

7 July 2026
US Composite PMI Miss Fans Volatility Bets, Boosts Rate-Cut Hopes and Defensive Sector Shift

June U.S. Composite PMI slipped to 51.9, missing forecasts, fueling volatility hedges and defensive sector rotations.

6 July 2026
European disinflation shifts focus to fiscal risks as Poland deficit widens and NATO spending looms

European disinflation eases inflation fears, shifting focus to growth and fiscal credibility; Poland’s deficit and borrowing worry.

6 July 2026
Eurozone Producer Prices Beat Forecast, Reinforcing Higher-for-Longer ECB Rate Expectations

Eurozone producer prices rose 5.9% in May, bolstering hawkish ECB outlook, supporting euro, pressuring equities.

6 July 2026
Eurozone Producer Prices Rise 0.2% in May, Bolstering ECB Steady-Policy Outlook

Eurozone producer prices rose 0.2% in May, supporting stable ECB policy expectations and subdued market volatility.

6 July 2026
RBC Sees BoC Q2 Business Survey Testing Oil Shock Inflation Views, CAD and Rate Cut Bets

BoC’s Q2 survey, captured near $100 oil, may shift rate-cut timing, loonie outlook, options strategy.

6 July 2026
Markets await services PMIs to test Fed outlook after soft US payrolls and easing inflation

Softer jobs and inflation shift focus to services PMIs, testing slowdown and shaping Fed rate expectations.

6 July 2026
BNY Sees RBNZ Raising OCR to 2.50% as Markets Watch Guidance for Hawkish Bias

BNY expects RBNZ to hike OCR 25bp to 2.50%, with guidance and hawkish path scrutinised.

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