Germany PPI YoY

Germany PPI MoM

United Kingdom Retail Sales ex Fuel YoY

United Kingdom Retail Sales YoY

China has urged its top hog producers to play a leading role in reducing output as the country grapples with a supply glut and weak demand in its massive pork sector, state-run Shanghai Securities News reported Thursday. At a high-level gathering this week, officials reportedly called on major firms to lower breeding sows, cut slaughter volumes, and keep hog weights near 120 kg. The meeting, led by the National Development and Reform Commission and the agriculture ministry’s animal husbandry bureau, signaled Beijing’s stronger push to curb overcapacity and stabilize prices. Authorities also plan to tighten credit for production expansion and reduce subsidies that drive pig output growth. Pork, which accounts for over two-thirds of China’s meat consumption, remains central to daily meals, festivals, and traditions, and its price swings are closely watched as a gauge of food inflation and broader economic sentiment.

China Pushes Pork Producers to Cut Output Amid Supply Glut

The yield on the Indian 10-year G-Sec inched higher to above 6.5% in mid-September but hovered near a four-week low, as investors parsed mixed signals from the US Federal Reserve. The Fed delivered a widely expected 25bps cut, yet commentary diverged from the dovish tilt implied in its projections. Chair Powell framed the move as a risk-management step amid labor market softness, tempering expectations for aggressive easing despite projections of two more cuts this year and markets pricing in 2026 reductions. Domestically, RBI Governor Sanjay Malhotra urged states to follow borrowing calendars, improve spending quality, and exercise prudence in off-budget borrowings. These steps reinforced fiscal discipline and helped anchor yields amid external uncertainty. Additionally, foreign investors resumed net buying in Asian bonds in August after a two-month pause, with significant inflows into Indian debt, helping contain upward pressure on yields.

Indian 10Y Yield Hovers Near 4-Week Low

The unemployment rate in Costa Rica dropped to 7.4% in the second quarter of 2025, down from 8.5% in the same period last year. The number of unemployed individuals decreased by 28,533 to 172,591. Meanwhile, the employment rate declined slightly to 50.7%, down from 51.4%, with the number of employed individuals decreasing by 3,989 to 2.15 million. At the same time, the labor force participation rate fell to 54.7%, down from 56.2%.

Costa Rica Jobless Rate Falls to 7.4% in Q2

New Zealand’s finance minister is set to name a new central bank chief in the coming weeks, raising hopes for stability after the sudden departures of both the Reserve Bank’s governor and chairman. The incoming leader will face the challenge of restoring the bank’s credibility amid a deep economic downturn and growing political pressure. “We face a test of trust and confidence in us as an organisation,” interim Governor Christian Hawkesby said this month, stressing the bank remains focused on “delivering low and stable inflation in the medium term, and a resilient and enabling financial system.” Hawkesby, who wants the role permanently, has led since the controversy also forced out RBNZ chair Neil Quigley, who resigned before Finance Minister Nicola Willis could ask him to step down.

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