ING Economic and Financial Analysis

After announcing 10% tariffs on $200 billion of goods, the US said it would raise it to 25% in 2019. The tariff list has also been revised to exclude some consumer goods. We believe that China will...

After announcing 10% tariffs on $200 billion of goods, the US said it would raise it to 25% in 2019. The tariff list has also been revised to exclude some consumer goods. We believe that China will...

Between the late-cycle and the golden decade, the German economy is experiencing an unusual fluctuation in high-frequency data but the underlying trend remains robust. Could feel a bit like an Indian...

Norway's central bank follows the ECB and Bank of England in setting monetary policy next week. Unlike its counterparts, however, we expect the Norges Bank to hike rates and signal somewhat faster...

The US retail sales data for August is not as good as hoped although there was an upward revision to the previous month. The underlying story is very positive, but bad weather could distort upcoming...

The ECB announces a reduction of monthly QE purchases and leaves forward guidance unchanged.When does a central banker know that he (or she) has done an immaculate job? When quantitative easing is...

The European Central Bank, Bank of England and Central Bank of Turkey are set to meet today. Here's how we expect things to shape up.USD: Economic Earth, Central Bank Wind and Political Fire......

China's local governments again use their financial vehicles to borrow in the corporate bond market, meanwhile, shadow banking credit fell less than expected. Both signal the central bank is keeping...

China is once again using infrastructure investment to avoid an economic slowdown. Sound familiar? It doesn't matter. We're still downgrading our GDP growth rate for this year and next.Fixed asset...

Buoyed by a strong domestic economy and a stock market inflated by repatriated corporate profits, the White House continues to look for concessions from major trading partners. We see no let-up in...

This week in FX markets will be all about policymakers delivering on their threats or promises. Will Washington follow through on its threat to increase tariffs on China and will Turkish authorities...

While the krona has edged higher on preliminary results of the Swedish election, we don't expect this to provide much lasting support to the currency.SEK: Relatively benign election outcome unlikely...

We expect Turkey to hike its one-week repo rate on Thursday to further support the lira. Also watch out for strong inflation readings from the EMEA and Latam regions.Turkey: Hike expected to prevent a...

Developed markets pick up the pace in the week ahead. US retail sales and inflation data will provide further clues about future Fed policy while in Sweden, investors will focus on the result of...

China's foreign reserves fell by $8.23 billion in August to $3109.72 billion. This implies capital outflows were not significant during the month and suggests the yuan has room to weaken. The question...

July industrial data continues to disappoint but should be just a normal dip and not the start of a severe downswing.German industrial production took another summer hit, dropping 1.1% month on month...