Germany’s flash Manufacturing PMI unexpectedly drops to 53.8 in September

German flash HCOB Manufacturing PMI has come in lower at 53.8 in September. The data was expected to arrive higher at 54.5 from 54.3 in August.

Sep 23, 2026

Equities: Flat close with sector rotation – Deutsche Bank

Deutsche Bank strategists note that United States (US) equities finished virtually flat, as strength in technology and semiconductor stocks offset a sharp decline in financials.

Hungarian Forint: HUF outlook mixed after NBH pause – ING

ING strategist Frantisek Taborsky says the National Bank of Hungary (NBH) delivered an expected pause in rate cuts and lowered its inflation target to 2.5%, creating a supportive backdrop for the Hungarian Forint.