Weekly Wrap – International Macro Recap (Sep 29 – Oct 3, 2025)
The previous week in international markets was marked by central-bank warning and blended macro indicators throughout main economies. Beneath is a concise region-by-region recap for merchants.
🇨🇳 China (CNY)
Official Manufacturing PMI eased to 49.4, remaining in contraction. Ongoing softness in exercise retains stress on Asian danger belongings and commodity-linked FX.
🇦🇺 Australia (AUD)
The RBA saved the Money Fee at 3.60%. Assertion and presser pressured a balanced stance because the labor market cools and inflation traits decrease.
🇺🇸 United States (USD)
A knowledge-heavy slate confirmed divergence: JOLTS 7.21M (strong openings), ADP −32K (shock weak spot), ISM Manufacturing 49.1 (tender), ISM Companies 51.8 (modest enlargement). Web impact: development image blended, charge path delicate to incoming labor knowledge.
🇨🇭 Switzerland (CHF)
CPI −0.2% m/m underscored disinflation, retaining the SNB cautious.
🇯🇵 Japan (JPY)
BoJ Governor Ueda maintained an accommodative tone; near-term exit expectations stay muted. JPY underneath stress, with haven flows limiting draw back.
🇬🇧 United Kingdom (GBP)
BoE Governor Bailey struck a vigilant tone. Markets nonetheless value a dovish lean amid development headwinds.
📌 Dealer’s Be aware
The week’s theme: development fragility vs. regular coverage. Whereas RBA/BoJ held course, US labor indicators turned blended and manufacturing stayed weak. Count on USD volatility round jobs knowledge; haven FX and commodity currencies stay extremely delicate to international demand.
Developed by way of International Markets Pulse – structured macro insights for merchants.
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