ING Economic and Financial Analysis

The oil market opened higher in the early trading session today following a modest output hike from OPEC+ for November 2025. Meanwhile, gold continued its rally to new record highs amid the prolonged...

There has been very little progress towards ending the US government shutdown. This means more data delays and an exacerbated focus on other market events this week, including the FOMC minutes and a...

Although we may be lacking government-produced statistics, numerous other data reports have been released this week, and they’re not looking great. Weakening business activity and a cooling jobs...

America’s government has shut down, and I’m having a crisis. A bit like when Tom Cruise screams ’Show me the money!’ in Jerry Maguire, I’m craving the data. We...

Financial market volatility is falling across the board, partly driven by the US government shutdown and the delay to key data releases such as the September jobs data. Instead, investors remain...

Unemployment remains near all-time lows as the economy maintains a slow pace of growth amid significant uncertainty. So, despite a small uptick in the unemployment rate, the labour market mainly shows...

With many major US data releases withheld due to the government shutdown, alternative measures (yesterday’s ADP, today’s Challenger data) are set to have a longer-lasting impact on markets...

The pickup in inflation to 2.2% in September was mainly due to energy effects, which will fade in the months ahead. A small undershooting of the inflation target actually seems realistic around the...

The US dollar has turned a little softer today after the US Congress failed to reach a deal to avoid a government shutdown. Investors are fearful that this could be a longer shutdown, which will only...

US markets turned slightly bullish into quarter-end – and the government shutdown. As a result, key directional cues from official data around jobs and prices will be delayed. Eurozone...

Oil prices are under additional pressure amid reports OPEC+ is considering bringing supply back onto the market at a quicker-than-expected paceEnergy – OPEC+ Noise Continues to GrowOil prices...

Last week’s US data was in general good, but today’s sentiment and labour data remind us that not everyone is feeling so positive. This is a constraint on US growth prospects and suggests...

The Japanese yen could emerge as an outperformer as a hedge to the US entering a government shutdown tomorrow. Today, the focus is on data, though, with the JOLTS report watched closely after last...

Oil prices came under pressure as noise grows around the potential for further supply increases from OPEC+, while US government shutdown fears provide a further boost to precious metalsEnergy - OPEC+...

The US dollar starts the new week on the softer side after solid gains last week. Following some much better activity data for the US, the question now is whether the jobs data is weak enough to...

You may be familiar with the hit teatime game show Pointless. And it’s got me thinking. After a surprise rate cut from Sweden’s Riksbank and, as the Fed kicks off its own easing cycle,...