Atlas Limits
NEWSROOM
Global markets and macroeconomic indicators
Market overview
- S&P 500 7,663.43 −1.21%
- STOXX Europe 600 637.74 −1.05%
- Nikkei 225 62,290.84 −0.98%
- Euro / US dollar 1.1210 −0.00%
- Brent crude oil 114.03 +0.76%
- Gold 4,004.87 +0.01%
- Bitcoin / US dollar 81,482 −1.63%
Markets
Indices
| Instrument | Last | Change | Observation |
|---|---|---|---|
| S&P 500 | 7,663.43 | −1.21% | |
| STOXX Europe 600 | 637.74 | −1.05% | |
| Nikkei 225 | 62,290.84 | −0.98% |
Foreign exchange
| Instrument | Last | Change | Observation |
|---|---|---|---|
| Euro / US dollar | 1.1210 | −0.00% | |
| US dollar / Moroccan dirham | 9.8196 | +0.06% | |
| British pound / US dollar | 1.3390 | −0.00% | |
| US dollar / yen | 156.944 | +0.00% |
Commodities
| Instrument | Last | Change | Observation |
|---|---|---|---|
| Brent crude oil | 114.03 | +0.76% | |
| WTI crude oil | 100.40 | +0.93% | |
| Gold | 4,004.87 | +0.01% | |
| Copper | 6.4235 | +0.40% |
Digital assets
| Instrument | Last | Change | Observation |
|---|---|---|---|
| Bitcoin / US dollar | 81,482 | −1.63% |
MACRO PULSE
-
US headline inflation
3.7%
Previous 3.4%
-
US core inflation
2.6%
Previous 2.4%
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US unemployment rate
4.2%
Previous 4.1%
-
US nonfarm payroll change
+29,000
Previous +133,000
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US real GDP quarterly growth
2.2%
Previous 2.5%
-
US industrial production
2.2%
Previous 1.6%
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Fed funds target range
3.75–4.00%
Previous 3.75–4.00%
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ECB deposit facility rate
2.50%
Previous 2.50%
-
G20 composite leading indicator
100.1
Previous 100.2
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OECD consumer confidence
98.4
Previous 98.4
-
OECD unemployment rate
5.0%
Previous 4.9%
-
OECD inflation
4.3%
Previous 4.1%
WORLD INDICATORS
World Economic Indicators
40 economies · Real GDP growth · Inflation · Unemployment · GDP per capita · Labour productivity · Government balance
View indicators
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Structural economic indicators across selected economies
| Economy | Real GDP growth | Inflation | Unemployment | GDP per capita | Labour productivity | Government balance |
|---|---|---|---|---|---|---|
| United States | 2.16% | 2.95% | 4.20% | $90,027 | $85.6 | -8.0% |
| Canada | 1.74% | 2.07% | 6.91% | $55,698 | $60.0 | -1.7% |
| Mexico | 0.56% | 3.81% | 2.67% | $13,889 | $33.9 | -6.3% |
| Brazil | 2.29% | 5.02% | 5.97% | $10,713 | — | -2.2% |
| Argentina | 4.37% | 219.88% | 7.15% | $14,898 | — | 0.1% |
| Chile | 2.46% | 4.21% | 8.97% | $17,995 | $39.9 | -2.5% |
| Germany | 0.24% | 2.17% | 3.71% | $60,496 | $83.3 | -2.7% |
| France | 0.84% | 0.94% | 7.54% | $48,986 | $83.1 | -5.1% |
| United Kingdom | 1.39% | 3.88% | 4.75% | $57,602 | $72.7 | -5.2% |
| Italy | 0.54% | 1.53% | 6.39% | $43,309 | $67.0 | -3.1% |
| Spain | 2.82% | 2.67% | 10.38% | $38,627 | $62.4 | -2.4% |
| Netherlands | 1.78% | 3.20% | 3.87% | $73,684 | $83.7 | -1.6% |
| Switzerland | 1.30% | 0.15% | 4.87% | $114,769 | $90.5 | 0.5% |
| Poland | 3.57% | 3.81% | 2.98% | $28,420 | $54.3 | -7.3% |
| Russia | 1.00% | 8.72% | 2.13% | $17,547 | — | 3.7% |
| Kazakhstan | 6.50% | 11.38% | 4.77% | $14,692 | — | -1.1% |
| China | 4.96% | 0.06% | 4.62% | $13,862 | — | -6.3% |
| Japan | 1.19% | 3.17% | 2.45% | $35,951 | $53.0 | -1.7% |
| India | 7.57% | 2.40% | 4.22% | $2,702 | — | -5.3% |
| South Korea | 1.01% | 2.12% | 2.68% | $36,227 | $53.4 | -1.5% |
| Indonesia | 5.11% | 1.91% | 3.24% | $5,060 | — | -1.5% |
| Australia | 1.35% | 2.87% | 4.09% | $65,130 | $69.0 | -4.0% |
| Vietnam | 8.02% | 3.31% | 1.52% | $5,066 | — | — |
| Singapore | 5.03% | 0.90% | 2.82% | $98,814 | — | 3.4% |
| Thailand | 2.44% | -0.13% | 0.78% | $8,057 | — | -1.5% |
| Malaysia | 5.17% | 1.38% | 3.76% | $13,125 | — | -4.1% |
| Philippines | 4.40% | 1.66% | 2.24% | $4,171 | — | -5.7% |
| Saudi Arabia | 4.50% | 2.04% | 3.04% | $34,537 | — | -2.5% |
| United Arab Emirates | 3.99% | 1.25% | 2.17% | $50,274 | — | 0.4% |
| Türkiye | 3.60% | 34.88% | 8.52% | $18,599 | $54.6 | -3.2% |
| Israel | 2.93% | 3.04% | 3.49% | $60,337 | $52.1 | -8.1% |
| South Africa | 1.11% | 3.21% | 32.39% | $6,598 | — | -4.4% |
| Nigeria | 4.01% | 23.01% | 3.06% | $1,224 | — | — |
| Egypt | 4.39% | 14.07% | 6.78% | $3,086 | — | — |
| Algeria | 3.82% | 1.42% | 11.63% | $6,051 | — | — |
| Kenya | 4.63% | 4.07% | 5.45% | $2,363 | — | -10.0% |
| Ethiopia | 9.77% | 13.23% | 3.32% | $933 | — | -1.9% |
| Côte d’Ivoire | 6.50% | 0.13% | 2.32% | $3,050 | — | -5.4% |
| Senegal | 6.68% | 1.46% | 2.74% | $1,955 | — | -4.9% |
| Morocco | 4.60% | 0.70% | 9.00% | $4,672 | — | -4.0% |
Sources: World Bank · OECD
WORLD OUTLOOK
2026–2027 projections
| Economy | Real GDP growth | Inflation | Unemployment | Government balance |
|---|---|---|---|---|
| United States | 2026 2.0% 2027 1.8% ↓ −0.2 pp | 2026 3.5% 2027 2.3% ↓ −1.2 pp | 2026 4.4% 2027 4.3% ↓ −0.0 pp | 2026 -8.0% 2027 -7.7% ↑ +0.3 pp |
| Canada | 2026 1.2% 2027 1.7% ↑ +0.5 pp | 2026 2.4% 2027 2.0% ↓ −0.4 pp | 2026 6.6% 2027 6.2% ↓ −0.4 pp | 2026 -2.4% 2027 -2.2% ↑ +0.2 pp |
| Mexico | 2026 0.8% 2027 1.8% ↑ +1.0 pp | 2026 3.9% 2027 3.2% ↓ −0.7 pp | 2026 2.7% 2027 2.7% ↓ −0.1 pp | 2026 -4.2% 2027 -3.9% ↑ +0.3 pp |
| Brazil | 2026 1.6% 2027 2.1% ↑ +0.5 pp | 2026 4.4% 2027 3.6% ↓ −0.8 pp | 2026 5.8% 2027 6.1% ↑ +0.3 pp | 2026 -8.1% 2027 -7.7% ↑ +0.4 pp |
| Argentina | 2026 2.8% 2027 3.5% ↑ +0.7 pp | 2026 30.5% 2027 15.6% ↓ −14.9 pp | 2026 7.6% 2027 7.1% ↓ −0.5 pp | 2026 0.4% 2027 0.7% ↑ +0.3 pp |
| Chile | 2026 1.7% 2027 2.5% ↑ +0.8 pp | 2026 3.8% 2027 3.2% ↓ −0.6 pp | 2026 8.8% 2027 9.0% ↑ +0.2 pp | 2026 -2.0% 2027 -1.6% ↑ +0.4 pp |
| Germany | 2026 0.7% 2027 1.1% ↑ +0.5 pp | 2026 2.7% 2027 2.8% ↑ +0.1 pp | 2026 4.0% 2027 3.8% ↓ −0.2 pp | 2026 -3.5% 2027 -4.0% ↓ −0.5 pp |
| France | 2026 0.7% 2027 0.8% ↑ +0.2 pp | 2026 2.1% 2027 1.8% ↓ −0.2 pp | 2026 8.3% 2027 8.2% ↓ −0.1 pp | 2026 -5.0% 2027 -4.6% ↑ +0.4 pp |
| United Kingdom | 2026 0.9% 2027 1.1% ↑ +0.2 pp | 2026 3.7% 2027 2.4% ↓ −1.4 pp | 2026 5.5% 2027 5.3% ↓ −0.1 pp | 2026 -5.1% 2027 -4.4% ↑ +0.7 pp |
| Italy | 2026 0.5% 2027 0.6% ↑ +0.0 pp | 2026 3.0% 2027 2.2% ↓ −0.8 pp | 2026 5.4% 2027 5.6% ↑ +0.2 pp | 2026 -2.9% 2027 -2.8% ↑ +0.1 pp |
| Spain | 2026 2.2% 2027 1.7% ↓ −0.5 pp | 2026 3.3% 2027 2.9% ↓ −0.4 pp | 2026 10.2% 2027 9.8% ↓ −0.4 pp | 2026 -2.2% 2027 -2.2% ↓ −0.0 pp |
| Netherlands | 2026 1.0% 2027 1.4% ↑ +0.5 pp | 2026 2.7% 2027 2.1% ↓ −0.6 pp | 2026 4.0% 2027 4.1% ↑ +0.1 pp | 2026 -1.9% 2027 -2.0% ↓ −0.1 pp |
| Switzerland | 2026 1.1% 2027 1.5% ↑ +0.4 pp | 2026 0.7% 2027 0.7% ↑ +0.0 pp | 2026 4.9% 2027 4.6% ↓ −0.3 pp | 2026 0.4% 2027 0.6% ↑ +0.2 pp |
| Poland | 2026 3.0% 2027 2.6% ↓ −0.4 pp | 2026 3.7% 2027 2.7% ↓ −0.9 pp | 2026 3.3% 2027 3.4% ↑ +0.0 pp | 2026 -6.9% 2027 -6.3% ↑ +0.6 pp |
| Russia | 2026 0.5% 2027 0.8% ↑ +0.3 pp | 2026 6.5% 2027 4.6% ↓ −1.9 pp | 2026 2.2% 2027 2.4% ↑ +0.2 pp | 2026 -3.2% 2027 -3.2% → 0.0 pp |
| Kazakhstan | 2026 4.4% 2027 4.9% ↑ +0.5 pp | 2026 10.3% 2027 8.2% ↓ −2.1 pp | 2026 4.6% 2027 4.5% ↓ −0.1 pp | 2026 -1.0% 2027 -2.3% ↓ −1.3 pp |
| China | 2026 4.5% 2027 4.3% ↓ −0.3 pp | 2026 1.5% 2027 1.9% ↑ +0.4 pp | 2026 5.1% 2027 5.1% → 0.0 pp | 2026 -7.9% 2027 -7.9% ↑ +0.0 pp |
| Japan | 2026 0.6% 2027 0.8% ↑ +0.1 pp | 2026 1.8% 2027 2.2% ↑ +0.4 pp | 2026 2.7% 2027 2.7% ↓ −0.0 pp | 2026 -1.9% 2027 -1.1% ↑ +0.8 pp |
| India | 2026 6.3% 2027 6.4% ↑ +0.1 pp | 2026 4.8% 2027 4.0% ↓ −0.8 pp | 2026 5.0% 2027 5.0% → 0.0 pp | 2026 -7.5% 2027 -7.2% ↑ +0.3 pp |
| South Korea | 2026 2.6% 2027 1.9% ↓ −0.7 pp | 2026 2.6% 2027 2.2% ↓ −0.4 pp | 2026 2.8% 2027 2.7% ↓ −0.1 pp | 2026 -2.1% 2027 -2.1% ↑ +0.1 pp |
| Indonesia | 2026 4.7% 2027 5.0% ↑ +0.3 pp | 2026 3.4% 2027 2.5% ↓ −0.9 pp | 2026 4.7% 2027 4.7% → 0.0 pp | 2026 -2.9% 2027 -2.9% → 0.0 pp |
| Australia | 2026 1.9% 2027 1.8% ↓ −0.1 pp | 2026 4.4% 2027 2.6% ↓ −1.8 pp | 2026 4.5% 2027 4.6% ↑ +0.2 pp | 2026 -3.5% 2027 -3.4% ↑ +0.0 pp |
| Vietnam | 2026 8.4% 2027 7.5% ↓ −0.9 pp | 2026 4.7% 2027 4.9% ↑ +0.2 pp | 2026 2.1% 2027 2.2% ↑ +0.1 pp | 2026 -0.8% 2027 -0.9% ↓ −0.1 pp |
| Singapore | 2026 5.0% 2027 3.0% ↓ −2.0 pp | 2026 2.3% 2027 2.2% ↓ −0.1 pp | 2026 2.1% 2027 2.1% → 0.0 pp | 2026 3.7% 2027 3.3% ↓ −0.4 pp |
| Thailand | 2026 1.7% 2027 2.1% ↑ +0.4 pp | 2026 2.4% 2027 1.4% ↓ −0.9 pp | 2026 1.1% 2027 0.9% ↓ −0.2 pp | 2026 -3.3% 2027 -2.9% ↑ +0.4 pp |
| Malaysia | 2026 5.2% 2027 4.6% ↓ −0.6 pp | 2026 2.2% 2027 1.9% ↓ −0.3 pp | 2026 3.0% 2027 3.0% → 0.0 pp | 2026 -3.5% 2027 -3.3% ↑ +0.2 pp |
| Philippines | 2026 3.4% 2027 5.1% ↑ +1.7 pp | 2026 5.6% 2027 4.1% ↓ −1.5 pp | 2026 5.4% 2027 5.2% ↓ −0.2 pp | 2026 -4.2% 2027 -4.0% ↑ +0.2 pp |
| Saudi Arabia | 2026 3.2% 2027 4.3% ↑ +1.1 pp | 2026 2.0% 2027 2.1% ↑ +0.1 pp | 2026 — 2027 — | 2026 -6.5% 2027 -4.0% ↑ +2.5 pp |
| United Arab Emirates | 2026 -3.9% 2027 7.7% ↑ +11.6 pp | 2026 4.5% 2027 2.5% ↓ −2.0 pp | 2026 — 2027 — | 2026 1.5% 2027 4.4% ↑ +2.9 pp |
| Türkiye | 2026 3.1% 2027 3.8% ↑ +0.7 pp | 2026 28.4% 2027 18.3% ↓ −10.1 pp | 2026 8.4% 2027 8.3% ↓ −0.1 pp | 2026 -3.3% 2027 -3.4% ↓ −0.2 pp |
| Israel | 2026 3.3% 2027 5.6% ↑ +2.3 pp | 2026 2.3% 2027 2.1% ↓ −0.2 pp | 2026 2.9% 2027 2.9% ↑ +0.0 pp | 2026 -5.3% 2027 -4.2% ↑ +1.0 pp |
| South Africa | 2026 1.2% 2027 1.6% ↑ +0.4 pp | 2026 4.2% 2027 3.7% ↓ −0.4 pp | 2026 32.2% 2027 31.7% ↓ −0.5 pp | 2026 -4.3% 2027 -3.9% ↑ +0.4 pp |
| Nigeria | 2026 4.2% 2027 4.3% ↑ +0.1 pp | 2026 15.6% 2027 14.7% ↓ −0.9 pp | 2026 — 2027 — | 2026 -3.3% 2027 -2.9% ↑ +0.4 pp |
| Egypt | 2026 5.1% 2027 4.7% ↓ −0.4 pp | 2026 13.3% 2027 14.8% ↑ +1.5 pp | 2026 7.4% 2027 7.1% ↓ −0.3 pp | 2026 -11.4% 2027 -8.9% ↑ +2.5 pp |
| Algeria | 2026 3.8% 2027 3.2% ↓ −0.6 pp | 2026 6.2% 2027 3.9% ↓ −2.3 pp | 2026 — 2027 — | 2026 -9.1% 2027 -10.1% ↓ −1.0 pp |
| Kenya | 2026 4.5% 2027 4.7% ↑ +0.2 pp | 2026 6.0% 2027 5.0% ↓ −1.0 pp | 2026 — 2027 — | 2026 -6.6% 2027 -6.1% ↑ +0.5 pp |
| Ethiopia | 2026 9.2% 2027 7.8% ↓ −1.4 pp | 2026 11.7% 2027 12.3% ↑ +0.6 pp | 2026 — 2027 — | 2026 -2.0% 2027 -1.2% ↑ +0.8 pp |
| Côte d’Ivoire | 2026 6.0% 2027 6.1% ↑ +0.1 pp | 2026 2.2% 2027 2.5% ↑ +0.3 pp | 2026 — 2027 — | 2026 -3.8% 2027 -3.5% ↑ +0.3 pp |
| Senegal | 2026 2.2% 2027 2.3% ↑ +0.1 pp | 2026 2.5% 2027 2.2% ↓ −0.3 pp | 2026 — 2027 — | 2026 -6.7% 2027 -5.7% ↑ +1.0 pp |
| Morocco | 2026 4.5% 2027 4.2% ↓ −0.3 pp | 2026 0.9% 2027 1.4% ↑ +0.5 pp | 2026 12.2% 2027 11.3% ↓ −0.9 pp | 2026 -3.9% 2027 -3.5% ↑ +0.4 pp |
Sources: OECD · IMF
INSTITUTIONAL MONITOR
Latest publications from selected institutions and primary sources.
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Piero Cipollone: Pontes and Appia: unlocking opportunities for banks
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Philip R. Lane: Euro liquidity lines and the international monetary system
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Frank Elderson: From climate and nature risks to economic resilience and competitiveness
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PPI for final demand increases 1.3% in September; goods advance 2.6%, services rise 0.8%
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CPI for all items increases 0.6% in September; gasoline rises
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Frank Elderson: Ensuring resilience in the face of uncertainty
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Minutes of the Board's discount rate meetings on August 17, September 9, and September 16, 2026
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Minutes of the Federal Open Market Committee, September 15-16, 2026
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Frank Elderson: Effective supervision through timely remediation
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Piero Cipollone: Money in the digital age: digital euro, tokenisation and the role of central banks
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Philip R. Lane: Diagnostic Challenges for ECB Monetary Policy
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Basel III applicable in almost all member jurisdictions by 2027
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Both payroll employment (+29,000) and unemployment rate (4.2%) change little in September
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Boris Vujčić: Resilience, integration and competitiveness: building the future of European banking
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Isabel Schnabel: Monetary policy in a world of overlapping shocks
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Frank Elderson: Supervisory risk appetite, efficiency and effectiveness
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ECB amends monetary policy implementation guidelines as part of regular review
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ECB Executive Board member Isabel Schnabel to resign to take senior role at IMF
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Almost ten million people took part in ECB survey on new euro banknotes
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ECB to invest part of own funds in tokenised securities, with settlement via Pontes
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ECB wage tracker at 2.7% in H1 2027, pointing to a modest uptick in negotiated wage growth
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Christine Lagarde: A new age of capital: growth, sovereignty and AI
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Piero Cipollone: The future of euro cash: trusted today, designed for tomorrow
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Isabel Schnabel: Macroeconomic, fiscal and financial stability in a shock-prone world
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Christine Lagarde, Boris Vujčić: Monetary policy statement (with Q&A)
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PPI for final demand moves up 0.4% in August; goods advance 1.1%, services rise 0.1%
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Payroll employment increases by 162,000 in August; unemployment rate unchanged at 4.1%
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Boris Vujčić: Listening to households: expectations, behaviour and monetary policy
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GDP (Second Estimate) and Corporate Profits, 2nd Quarter 2026
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Piero Cipollone: From vision to delivery: building Europe’s tokenised financial market
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Minutes of the Board's discount rate meetings on July 20 and July 29, 2026
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Minutes of the Federal Open Market Committee, July 28–29, 2026
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Philip R. Lane: The rise in defence spending and the euro area economy
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PPI for final demand unchanged in July; services advance 0.2%, goods fall 0.7%
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Cash remains most widely accepted payment method in euro area
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ECB and Frankfurt Radio Symphony invite the public to Europa Open Air concert on 20 August 2026
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Both payroll employment (-23,000) and unemployment rate (4.1%) change little in July
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Digital euro app to incorporate highest accessibility standards
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ECB wage tracker at 2.7% in Q1 2027, indicating stable negotiated wage pressures
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ECB to start implementing enhanced repo facility for central banks
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Results of the ECB Survey of Professional Forecasters for the third quarter of 2026
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PPI for final demand declines 0.3% in June; goods fall 1.4%, services increase 0.2%
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Minutes of the Board's discount rate meetings on June 8 and June 17, 2026
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Activities of U.S. Affiliates of Foreign Multinational Enterprises, 2024
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Minutes of the Federal Open Market Committee, June 16-17, 2026
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Both payroll employment (+57,000) and unemployment rate (4.2%) change little in June
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Global economic pressure points call for policy discipline: BIS
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U.S. International Transactions and Investment Position, 1st Quarter 2026 and Annual Update