ING Economic and Financial Analysis

Several Fed officials are scheduled to speak over the next week, but we're keen to hear what James Bullard will have to say. Expect more Brexit-deal chatter, though we think it is unlikely the PM will...

China has cut the one-year loan prime rate, which we think was a result of the very weak August activity data, especially fixed asset investments and industrial production. Another cut is expected in...

China's fixed asset investments and industrial production were very weak in August while retail sales growth was moderate. Even Premier Li Keqiang has said that 6% GDP growth will be hard to achieve....

This week will show whether Germany can actually do fiscal stimulusOver to you, Berlin. Next to the monetary stimulus 'big bang' and Mario Draghi’s new 'as long as it takes' proclamation, this...

“Mid-cycle easing” will remain the theme as the Federal Reserve delivers another 25bp interest rate cut on Wednesday. It will be justified as insurance to mitigate the trade and global...

An exciting week ahead in the aftermath of the ECB meeting with not one but four central bank meetings. Expect the Fed to steal the spotlight, but the focus will quickly shift to the British, Japanese...

Mario Draghi delivers his final "whatever it takes" with a big package of monetary stimulus The final showdown has started with a big bang. The ECB just announced a big policy package to revive the...

Given the risk that the ECB fails to match market expectations for easing policy, the balance of risks favors higher EUR/USD and European FX outperformance on the day. But any spike in EUR/USD and...

The final showdown between Mario Draghi and the hawks should end with monetary fireworksThe script has been written so many times in all kinds of versions: the ageing or retired superhero, sports hero...

China's exports were expected to grow in August due to a low base effect. Instead, they fell 1% year-on-yearExports and imports were weak China's exports were weaker than expected in August, falling...

At least some relief for the economy, as exports increased in July. The outlook, however, has not improvedThe numbers Trade figures just brought some relief for the battered German economy. In July,...

The People's Bank of China announced RRR cuts of 0.5 percentage points. This policy action aims to lower the interest costs of small firms and stave off defaultsPBoC cuts RRR The PBoC announced a 0.5...

The headwinds facing the U.S. economy are building, as trade tensions intensify and evidence of global economic weakness spreads. Given this backdrop, we have cut our 2020 GDP growth forecast to 1.3%...

We believe that China has changed its strategy when it comes to the trade war, and that could lead to further market volatility. In terms of economic growth, it seems the strategy of boosting...

Fitch has downgraded Hong Kong to AA from AA+ with a negative outlook. Though we agree that the governance has deteriorated recently, we believe the situation will change when there is an election of...

Disappointing industrial production data adds to the case for policy actionIndustrial production took another nosedive. In July, German industrial production dropped by 0.6% month-on-month from a...