ING Economic and Financial Analysis

A new star was not born. Instead, another disappointing drop in German industrial production shows that industry is not so far from the shallows any more.Industrial production dropped by 0.5% MoM in...

…and we will be fine as the European Central Bank is gradually shelving the controversial bond-buying programmeThe ECB meeting next week will not only be the last meeting of the year but will...

Another red-eye meeting of Eurozone finance ministers shows how difficult it is to agree on further Eurozone reforms. Only another existential crisis would speed up the reform efforts - something even...

The US continues to perform strongly and wages are finally gathering pace. But protectionism and a weakening global outlook are significant risks for 2019 and the cumulative effects of Federal Reserve...

The Chinese economy is set to slow down in 2019. The most likely scenario is an escalation of the US-China trade conflict, hurting exporters, manufacturing and logistics services. Pressure from trade...

The Turkish regulator has released performance data for the Turkish banking sector to end-October. It paints a picture in line with trends visible in banks’ third-quarter results, showing that...

Next week in developed markets US domestic data should reiterate the fact the economy is still going strong despite some uncertainties. We'll also look at German industrial data to see whether...

Early signs suggest that 2019 will see lower global growth. Markets have recently been unsettled by US monetary tightening, trade protectionism, unseasonal weather and emerging market troubles. But...

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China's industrial profit growth slowed in October, with just 13 out of 41 sectors (including the consumer goods group) posting improved profits on a monthly basis. But businesses could enjoy better...

The latest Ifo index just somewhat undermines hopes for a swift and strong rebound of the German economy in the final quarter of the year.Germany’s most prominent leading indicator just added...

The worst performance of the German economy since 1Q 2013 was just confirmed. The economy shrank by 0.2% quarter-on-quarter. On the year, the economy still grew by 1.1%. While the headline figure...

The People's Bank of China spent $91.58 billion on foreign-exchange purchases in October. We believe this means the central bank wants USD/CNY to cross the 7.0 mark, but without any market...

A big drop in oil, troubles in tech and a damning report on China mean the FX flight-to-safety will likely continue todayUSD: Pick A Theme, Any ThemeFX markets remain buffeted by a variety of...

In one of his rare public speeches, ECB president Mario Draghi just confirmed the bank's determination to end quantitative easing, but opened the door for a long period of low interest rates.When ECB...

The eurozone's weak performance will be seen through the lens of PMIs next week. We also have some US second-tier releases but nothing which will stop the Fed hiking in December.US: On course for a...