Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Dollar Steady as Fed Nomination and Japanese Election Shape Currency Markets 
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
Japan Services Sector Records Fastest Growth in Nearly a Year as Private Activity Accelerates 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
Japan’s Agricultural, Forestry and Fishery Exports Hit Record High in 2025 Despite Tariffs 
Stephen Miran Resigns as White House Economic Adviser Amid Federal Reserve Tenure 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Asian Markets Wobble as AI Fears Rattle Stocks, Oil and Gold Rebound 
To the astonishment of most of the analysts, the European Central Bank (ECB) has ramped up its purchase of corporate bonds under its quantitative easing program. Since July, European Central Bank (ECB) has on an average purchased around €1.5 billion worth of corporate debt securities. But in the last two weeks, the ECB has purchased more than €5 billion worth of corporate debt. So far the ECB has purchased a little more than €25 billion worth of corporate debt. Last week, ECB bought, €2.657 billion, second highest since the purchases began in June.
While the purchases have been very successful in bringing down the cost of funding for the companies, the package (negative interest rates, purchase of government bonds, purchase of corporate bonds) has so far failed to trigger the inflation. While the average corporate yields have dropped to a record low of 0.57 percent this month, the bond market is pricing a decade-long deflationary environment.
