EconoTicker

★ Importance: Low

Brazil recorded net foreign-exchange inflows of $134 million in the latest July 2026 report, sharply below the previous $1.012 billion inflow. The decline indicates weaker net foreign-currency inflows into the Brazilian economy.

Possible Market Effect: Smaller foreign-exchange inflows may reduce support for the Brazilian real, although the positive balance means the country still received a modest net inflow.

BRL Market Condition: Neutral — Slightly Bearish

Q: How much were Brazil’s net foreign-exchange flows in the latest July 2026 report?

A: Brazil recorded a net inflow of $134 million, down from $1.012 billion previously.

Source: Central Bank of Brazil

★★ Importance: Medium

Taiwan’s unemployment rate increased marginally to 3.33% in June 2026, from 3.32% previously. The small change suggests that labor-market conditions remained broadly stable.

Possible Market Effect: The slight increase is unlikely to materially change Taiwan’s economic outlook or monetary-policy expectations.

TWD Market Condition: Neutral

Q: What was Taiwan’s unemployment rate in June 2026?

A: The rate increased slightly to 3.33%, from 3.32% previously.

Source: Taiwan Directorate-General of Budget, Accounting and Statistics

★ Importance: Low

Türkiye’s manufacturing confidence index declined to 102.2 in July 2026, from 103.5 previously, but remained above the neutral level of 100. Manufacturing capacity utilization also decreased from 74.5% to 73.9%.

Possible Market Effect: Weaker confidence and capacity utilization indicate softer industrial momentum, creating a mildly negative signal for Türkiye’s economic-growth outlook and lira.

TRY Market Condition: Sell — Slightly Bearish

Q: What was Türkiye’s manufacturing confidence index in July 2026?

A: The index declined to 102.2 from 103.5, but remained above 100.

Q: What was Türkiye’s capacity-utilization rate in July 2026?

A: The rate decreased to 73.9%, from 74.5% previously.

Source: Central Bank of the Republic of Türkiye

★ Importance: Low

Malaysia’s foreign-exchange reserves declined to $131.8 billion in July 2026, from $132.6 billion previously. The modest decrease indicates a slight reduction in the country’s external liquidity buffer.

Possible Market Effect: The decline is mildly negative for Malaysia’s external position, but the reserve level remains substantial and the immediate effect on the ringgit may be limited.

MYR Market Condition: Neutral — Slightly Bearish

Q: How much were Malaysia’s foreign-exchange reserves in July 2026?

A: The reserves stood at $131.8 billion, down from $132.6 billion previously.

Source: Bank Negara Malaysia

South Africa's retail sales data for May 2026 revealed a mixed performance. Month-over-month, retail sales increased by 0.1%, falling short of the forecasted 0.6% and down from the previous month's growth of 0.8%. On an annual basis, retail sales rose by 2.3%, slightly below the anticipated 2.5%, but significantly higher than the previous year's growth of 1.2%. These figures indicate a cautious consumer spending environment as the economy continues to navigate various challenges.

Possible Market Effect: Limited impact on the market due to low importance of the data.

Q&A:

Q: What was the actual month-over-month retail sales growth in South Africa for May 2026?

A: The actual month-over-month retail sales growth was 0.1%.

Q: How did the annual retail sales growth in South Africa for May 2026 compare to the previous year?

A: The annual retail sales growth was 2.3%, up from 1.2% the previous year.

Market Sentiment: Neutral - The mixed results suggest a cautious outlook for consumer spending.

On Wednesday, July 22, 2026, South Africa released its inflation data for June, revealing a mixed performance. The Core Inflation Rate on a month-over-month basis rose to 0.6%, significantly higher than the forecast of 0.2% and matching the previous month's figure. However, the year-over-year Core Inflation Rate increased to 4.1%, slightly above the forecast of 4.0% and up from 3.8% previously. In contrast, the overall Inflation Rate for June showed a month-over-month increase of 0.7%, which fell short of the expected 0.8%, while the year-over-year Inflation Rate reached 5%, surpassing the forecast of 4.7% and the previous rate of 4.5%. These figures indicate ongoing inflationary pressures in the South African economy.

Possible Market Effect: The mixed inflation data may lead to cautious trading in the South African Rand as investors assess the implications for monetary policy.

Q&A:

Q: What was the actual Core Inflation Rate MoM for South Africa in June 2026?

A: The actual Core Inflation Rate MoM was 0.6%.

Q: Did the year-over-year Inflation Rate for South Africa exceed forecasts in June 2026?

A: Yes, the year-over-year Inflation Rate reached 5%, exceeding the forecast of 4.7%.

Market Sentiment: Neutral - The mixed results may lead to uncertainty in market sentiment.

On July 22, 2026, Turkey reported a decline in Business Confidence, which fell to 102.20, below the forecast of 103.7 and the previous reading of 103.50. This decline in confidence may indicate concerns among businesses regarding economic conditions and future growth prospects. Additionally, Capacity Utilization in Turkey was reported at 73.90%, also lower than the forecast of 74.7% and the previous figure of 74.50%. These indicators suggest a cautious outlook for the Turkish economy as businesses navigate through challenging conditions.

Possible Market Effect: The decline in business confidence and lower capacity utilization may lead to a bearish sentiment in the market as investors reassess growth prospects.

Q&A:

Q: What was the actual Business Confidence index for Turkey in July 2026?

A: The actual Business Confidence index for Turkey was 102.20.

Q: How did Turkey's Capacity Utilization in July 2026 compare to forecasts?

A: Turkey's Capacity Utilization in July 2026 was 73.90%, which was below the forecast of 74.7%.

Market Sentiment: Sell - The decline in business confidence and capacity utilization may signal economic challenges ahead.

On Wednesday, July 22, 2026, Indonesia's central bank announced its interest rate decision, maintaining the rate at 5.75%, which was in line with market expectations but below the forecast of 6%. The Deposit Facility Rate also remained unchanged at 4.75%, while the Lending Facility Rate was held steady at 6.5%, both missing their respective forecasts. Additionally, Indonesia saw a robust Loan Growth Year-over-Year of 12.67%, significantly surpassing the forecast of 9.0% and the previous figure of 11.51%. These figures suggest a resilient lending environment despite the unchanged interest rates.

Possible Market Effect: The steady interest rates may lead to a neutral market sentiment as investors assess the implications of stable borrowing costs against strong loan growth.

Q&A:

Q: What was the actual interest rate decision for Indonesia in July 2026?

A: The actual interest rate decision for Indonesia was 5.75%.

Q: How did Indonesia's loan growth in June 2026 compare to forecasts?

A: Indonesia's loan growth in June 2026 was 12.67%, which exceeded the forecast of 9.0%.

Market Sentiment: Neutral - The unchanged interest rates suggest stability, but strong loan growth may encourage investment.

The Construction Cost Index in Saudi Arabia recorded a slight increase to 104.0 in July 2026, up from the previous figure of 103.9. This modest rise indicates a gradual change in construction costs within the country, although no forecast was provided for this period. The data reflects ongoing trends in the construction sector, which may be influenced by various economic factors.

Possible Market Effect: Neutral

Q&A:

Q: What was the Construction Cost Index in Saudi Arabia for July 2026?

A: The Construction Cost Index was 104.0 in July 2026.

Q: How does the current Construction Cost Index compare to the previous month?

A: It increased from 103.9 to 104.0.

Market Sentiment: Neutral - The slight increase in the index suggests stability in construction costs without significant market implications.

★★★ Importance: High

Taiwan’s export orders surged 59.4% year-on-year in June 2026, accelerating sharply from 47.2% in the previous month. The strong increase points to robust external demand, potentially supported by semiconductor and artificial-intelligence hardware orders.

Possible Market Effect: Strong export orders are positive for Taiwan’s technology sector, economic-growth outlook and currency. Sustainability will depend on global electronics demand and trade conditions.

TWD Market Condition: Buy — Bullish

Taiwan Technology Sector Condition: Buy — Bullish

Q: How much did Taiwan’s export orders increase in June 2026?

A: Export orders rose 59.4% year-on-year, accelerating from 47.2% previously.

Q: What does Taiwan’s June 2026 export-order growth indicate?

A: It indicates exceptionally strong external demand, likely led partly by semiconductor and AI-related products.

Source: Taiwan Ministry of Economic Affairs

In South Korea, the Producer Price Index (PPI) for June 2026 revealed a month-on-month change of 0%, surpassing the forecast of -0.2% but significantly down from the previous month's increase of 1%. Meanwhile, the year-on-year PPI remained steady at 8.6%, matching the previous figure and slightly exceeding the forecast of 8.2%. These mixed results indicate a stabilization in producer prices, which may have implications for inflation and economic growth in the coming months.

Possible Market Effect: The mixed PPI results may lead to a neutral market sentiment as investors assess the implications for inflation and economic stability.

Q&A:

Q: What was the month-on-month change in South Korea's PPI for June 2026?

A: The month-on-month change in South Korea's PPI for June 2026 was 0%.

Q: How did the year-on-year PPI for South Korea in June 2026 compare to forecasts?

A: The year-on-year PPI for South Korea in June 2026 was 8.6%, which was above the forecast of 8.2%.

Market Sentiment: Neutral - Investors may be cautious as they analyze the implications of mixed PPI results.

In a disappointing turn of events, Mexico's retail sales for May 2026 showed a month-on-month decline of 0.6%, falling short of the forecasted increase of 0.2%. This follows a previous increase of 0.8% in April. Year-on-year, retail sales also underperformed, recording a growth of only 1.6%, significantly below the anticipated 2.5% and down from 4.4% in the previous year. These figures suggest a slowdown in consumer spending, which could have implications for the broader economy as it navigates post-pandemic recovery challenges.

Possible Market Effect: The negative retail sales data may lead to a cautious sentiment among investors regarding the Mexican economy's recovery trajectory.

Q&A:

Q: What was the month-on-month change in Mexico's retail sales for May 2026?

A: The month-on-month change in Mexico's retail sales for May 2026 was a decline of 0.6%.

Q: How did the year-on-year retail sales growth in Mexico for May 2026 compare to forecasts?

A: The year-on-year retail sales growth in Mexico for May 2026 was 1.6%, which was below the forecast of 2.5%.

Market Sentiment: Neutral - The mixed retail sales data indicates uncertainty in consumer spending trends.