Today's Economy Where Are We in the U.S. Vehicle Cycle? Autos expansion is running low on gas. Euro Zone Growth Is Near a Six-Year High PMI data suggest the currency area’s economy is robust, lifted by Germany and France. What Fundamentals Say About the VIX U.S. market volatility should be higher, but a modest rise wouldn't have economic costs. Economic Briefing: Malaysian Trade Data Indicate Stronger Tech Demand ISM survey will show continued improvements in U.S. nonmanufacturing sector. » VIEW MORE TODAY'S ECONOMY
Commentary Looking for Political Bias in U.S. Consumer Confidence Evidence is mixed, but we believe the 2016 election has provided a temporary boost to sentiment. Macro Roundup: The U.K.’s Hands Are Tied With the official triggering of Article 50, Britain seems left with little leverage. U.S. Chartbook: Hard Data Versus Soft Surveys paint a brighter picture than the hard numbers on spending, income and trade. U.S. Federal Fiscal Outlook: Tapping the Brakes New baseline assumptions highlight rising political risks. » VIEW MORE COMMENTARY
Today's Economic Indicators
Malaysia Foreign Trade Feb. 2017: MYR8.7 bil Malaysia’s monthly trade surplus widened to MYR8.7 billion in February from January’s MYR4.7 billion surplus. United States MBA Mortgage Applications Survey March 31: -1.6% Mortgage applications were down last week for the third consecutive week. Chile Monthly Economic Activity Indicator Feb. 2017: -1.3% Chile’s economic activity contracted in February as production was affected by a strike. United States ADP National Employment Report Mar. 2017: 263,000 According to ADP’s payroll records, the labor market finished the first quarter on a strong note. Russian Federation Consumer Price Index Mar. 2017: 0.1% Russian inflation softened in March, dropping to 4.3% y/y and continuing its tack towards the central bank’s 4% target. United States ISM Nonmanufacturing Index Mar. 2017: 55.2 Some of the shine is coming off the U.S. survey-based data, as it's increasingly apparent that sentiment got ahead of itself following the election. United States Oil Inventories March 31: 535.5 mil barrels An unexpected increase in oil inventories will put downward pressure on prices. Uruguay Consumer Price Index Mar. 2017: 6.7% Consumer prices decelerated in March, falling to 6.7% from February’s 7.1% gain. United States FOMC Minutes Mar. 2017: The minutes from the Federal Open Market Committee’s March meeting showed that the debate about how and when to allow the central bank’s balance sheet to decline is heating up. Taiwan Consumer Price Index Mar. 2017: » VIEW MORE ECONOMIC INDICATORS |