ING Economic and Financial Analysis

We're not expecting any breakthroughs at the G20 summit between Donald Trump and his Chinese counterpart Xi Jinping. ING's James Knightley says things could then go in one of two directionsNo deal...

China's industrial profit growth turned positive in May. But this was mainly due to fiscal stimulus in the form of higher infrastructure spending. We maintain our view that industrial profits, in...

Intensifying trade war fears and an inventory overhang are weighing on the manufacturing sector. Regional surveys suggest the national ISM manufacturing index will fall below the breakeven 50 level on...

With the eurozone economy stuck in a low growth, low inflation and low rates environment, it's really hard not to make 'Japanification' comparisons. If we're honest, the eurozone is probably already...

All eyes will be on the G20 Xi-Trump meeting next week, but even if both leaders are open to resuming talks, there are many bridges to cross before a deal is struck. We're confident that a resolution...

The central bank left policy unchanged in June. This was expected because interest rates are already low and pushing them down further would not have created a big enough marginal impact on credit...

The Fed has opened the door to rate cuts, but it may not be as aggressive as the market expects. For now, we're sticking to our recently revised forecast for rate cuts in September and December, but...

China US meeting scheduledOvernight, announcements from both China and the US have stated that the two Presidents will meet at the G20 summit in Osaka for "extended" meetings to discuss the ongoing...

ECB president Mario Draghi moves financial markets again, opening the door wide for new monetary stimulus. Today's speech marks a remarkable u-turn for global central banks, but only time will tell if...

Dot projections in the spotlightAs the FOMC meets tomorrow, investors are bracing for a dovish shift in the monetary stance, as highlighted by our economists in “Fed to signal cuts are...

Our analysis of eurozone central bankers’ communication shows nationality matters, but not really in the ECB’s board. And once the appointment is made, the national bias won't be as...

With trade tensions likely to escalate, this Wednesday’s Fed meeting looks set to confirm market expectations - precautionary interest rate cuts are comingAfter hiking interest rates four times...

A rebound in utility output has helped lift industrial production while manufacturing output has risen for the first time in five months thanks to car production.U.S. industrial production rose 0.4%...

Politics and central banks dominate next week. The race to become the UK's next leader is well underway, and throw in an important European Council Meeting, a possible Norges Bank hike and the Fed...

Trade worries are not abating and the economy is starting to feel the strain. The Federal Reserve is preparing for a change of course and we now look for 50bp of rate cuts in 2H19 Plotting a new...

At last week’s meeting in Vilnius, ECB president Mario Draghi sent a strong signal that the ECB was only one small economic slip away from new stimulus. But what could the ECB still do?It was...