Eamonn Sheridan

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Central Banks
pboc cny yuan cnh 23 September 2025 2
Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.0956 – Reuters estimate

  • PBOC CNY reference rate setting for the trading session ahead.
Commodities
Gold
Commodities

China’s hidden gold buying may be 10× official data as de-dollarisation accelerates

  • Analysts believe China’s true gold purchases could be 10x higher than reported as Beijing quietly accelerates de-dollarisation. Estimates based on trade data suggest up to 250 tonnes of buying this year, in a market already driven by surging central-bank demand and record prices.
News
Rachel Reeves UK
News

UK home asking prices black hole, biggest seasonal fall since 2012 ahead of Reeves’ budget

  • Budget jitters and oversupply have pushed UK asking prices into their sharpest early-November slide in more than a decade.
News
Bank of Japan
News

Japan Q3 GDP -0.4% q/q (expected -0.6%). Preliminary reading.

  • Japanese economic contraction
News
china pboc yean 24 September 2025 People's Bank of China
News

Nomura warn China export slowdown exposes deeper structural strains as growth trends weakn

  • Nomura says China’s economy is losing steam as exports fade, investment contracts and consumer demand weakens. The bank expects GDP growth to fall toward 4% in coming quarters after Q3 slowed to 4.8%, with fixed-asset investment and retail sales showing increasingly fragile momentum.
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