| Today's Economy
Economic Roundup: Cooler Heads Prevail at BoE Britain's central bank dialed back the hawkish rhetoric. Final Thoughts Ahead of July U.S. Employment We look for a 185,000 increase in nonfarm employment. Factory Orders Cut Into Q2 GDP The inventory build was weaker than previously thought. Czech National Bank Hikes Interest Rates Higher rates and a stronger koruna should cool the expansion. » VIEW MORE TODAY'S ECONOMY
Commentary
Asia-Pacific Weekly Highlights and Preview, 3 August, 2017 China's export growth likely remained firm in July, helped by buoyant global demand. Global Outlook: Stable Growth as Uncertainty Wanes Fiscal stimulus and heightened global demand will drive growth as political risks lessen. Complacency and U.S. Financial Markets In the end, complacent markets are not likely to cause the next correction in equity prices. Russia’s Paradox of Plenty Russia is turning the corner, but the economy needs to wean itself off oil. » VIEW MORE COMMENTARY
Today's Economic Indicators
Euro Zone
Retail Sales
Jun. 2017: 0.5%
Retail sales in the euro zone surprised on the upside in June, rising 0.5% m/m and building on a 0.4% increase in May. United States
Challenger Report
Jul. 2017: 28,307
The Challenger report is one of many signs that the U.S. labor market did well in July. United States
Semiconductor Billings
Jun. 2017:
United States
Jobless Claims
July 29: 240,000
The labor market is in good health, and layoffs remain low. United Kingdom
Monetary Policy and Minutes
Aug. 2017: 0.25%
In line with our expectations, the Bank of England kept its policy stance unchanged in August, leaving the bank rate at the record low of 0.25% and its target for asset purchases at £435 billion. United States
Factory Orders (M3)
Jun. 2017: 3.0%
Factory orders rebounded in June, after retreating in April and May. United States
St. Louis Fed Financial Stress Index
July 28: -1.61
Financial market conditions eased again last week. United States
ISM Nonmanufacturing Index
Jul. 2017: 53.9
The nonmanufacturing segment of the economy took a bigger step back than anticipated in July. United States
Natural Gas Storage Report
July 28: 20 bil cubic feet
The build in natural gas inventories was equal to consensus expectations and will have little effect on natural gas prices. Uruguay
Consumer Price Index
Jul. 2017: 5.2%
Consumer prices rose 5.2% on a year-ago basis in July, down slightly from June’s 5.3% increase. Australia
Retail Sales
Jun. 2017:
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