FX markets saw a subtle shift in drivers yesterday, where the energy shock switched into a broad deleveraging of risk as cross-market volatility spiked. These risk unwinds tend to be short, sharp ...

The Bank of Korea’s main priority should be calming market anxiety as events in Middle East complicate outlook ...

Overall, the mixed bag of manufacturing PMI data suggests a similar trajectory to what we observed in 2025: resilient ...

Higher energy prices add another layer of upside risk via cost curves. The main offsetting risk is demand – a prolonged ...

February HICP showed a jump in core inflation, indicating that price pressures have not fully eased in the eurozone ...

Despite lower construction activity and rising building material and wage costs, European builders have kept margins stable for some years. If energy prices remain moderate despite the Middle East ...

Czech GDP has been revised upwards in 4Q25, with ample dynamics in household consumption and fixed investment. We see a solid performance this year – although the recent turmoil in energy markets ...

Based on detailed data, the outlook for the Hungarian economy appears somewhat gloomier. One-off factors, such as the performance of the agriculture and construction sectors, helped in the fourth ...

February inflation in Turkey came in at 2.96% month-on-month, broadly in line with expectations, while annual inflation ticked up to 31.5% from 30.7%. Food remained the main source of price pressures, ...

The conflict in the Middle East has already led to more than 10,000 flight cancellations, leaving large numbers of passengers stranded and causing major disruption across global travel networks. For ...

It's still a rate cut story for the US, even if delayed. Markets are seeing a material chance of an ECB rate hike, which is ...

While the harmonised HICP inflation rate in the Netherlands increased, the nationally focused inflation rate CPI stayed ...