Policy

2 July 2026
Spain’s 10-Year Bond Yield Edges Higher at Auction as Eurozone Inflation Keeps Rate Outlook Restrictive

Spain’s 10-year bond auction yield edged up to 3.395%, signaling mildly higher borrowing costs amid persistent Eurozone inflation.

2 July 2026
US equity futures edge lower as investors brace for June payrolls and reassess tech-led rally

U.S. equity futures dip ahead of June jobs report; weak data fuels caution, volatility buys, tech hedges.

2 July 2026
India’s June Manufacturing PMI Revised Lower, Reinforcing RBI Hold as USD/INR Hovers Near 95.25

India’s June manufacturing PMI slowed to 54.2, easing inflation pressures; RBI likely holds rates, USD/INR range-bound.

2 July 2026
France’s May Budget Deficit Widens to €93.3bn, Raising Pressure on OAT Yields and Risk Assets

France’s May budget deficit widened to €93.3bn, boosting borrowing, pressuring OATs, CAC 40, euro, CDS.

2 July 2026
Markets see 50% chance of further RBA hike as housing slump and easing inflation temper outlook

Markets overprice another RBA hike; easing inflation, falling oil, and weakening housing suggest rates stay on hold.

2 July 2026
Swiss CPI Cools to 0.5% as Markets Weigh Further SNB Rate Cuts, USD/CHF Steady

Swiss CPI eased to 0.5% in June, boosting SNB cut hopes and supporting bullish USD/CHF outlook.

2 July 2026
Swiss inflation holds at 0.5% as steady prices bolster dovish SNB view and weigh on franc

Swiss CPI held at 0.5% in June, reinforcing dovish SNB expectations and supporting EUR/CHF upside toward parity.

2 July 2026
Swiss June CPI Flat Misses Forecast, Bolstering SNB Rate-Cut Bets and Pressuring Franc

Swiss CPI flat in June, missing forecasts; easing inflation boosts September SNB cut odds, pressuring franc.

2 July 2026
USD/JPY Hits Multi-Decade Highs as Fed-BoJ Rate Gap Widens, Intervention Risk Builds Ahead of Payrolls

USD/JPY hits multi-decade highs as US-Japan rate gap persists; intervention risk rises near 163–164, NFP key.

2 July 2026
Macklem Flags Soft Canadian Economy as Inflation Stays Above Target, Keeping Rate-Cut Bets in Check

BoC’s Macklem says economy soft, inflation above target; rates near neutral as AI uncertainty elevates USD/CAD volatility.

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