Today's Economy Capital Market View: Greening QE The ECB will be more involved in the rapidly growing ESG-linked bond market. Europe Daily Briefing: Inflation Surprises The U.K.'s inflation surprised to the upside while Sweden’s took a dip. LatAm Daily Briefing: Vaccine Progress COVID-19 inoculation campaigns are gaining steam, but job recovery is slow. U.S. Inflation Heat Map Update Despite an eye-catching 0.9% increase, temporary factors kept driving CPI higher in June. » VIEW MORE TODAY'S ECONOMY
Commentary U.K. Risk Matrix Update: Recovery Mode Pandemic-related risks remain low, while EU-U.K. trade relations are on the ropes. U.S. COVID-19 Tracker Update: Cooler Growth, Cooler Inflation Ahead The reopening of the economy and new- and-used-vehicle prices were responsible for 55.6% of the increase in the headline CPI in June. Distribution of U.S. Excess Saving The money is mostly held by older, higher-income households; will they spend it? Global Vaccine Tracker: The Delta Threat Infections are ramping up across Europe. » VIEW MORE COMMENTARY
Today's Economic Indicators
Canada RPS House Price Index Jun. 2021: 17.0% House prices are rocketing higher. Finland Consumer Price Index Jun. 2021: 2.0% Finland’s headline CPI decelerated to 2% y/y in June from 2.2% in May. Finland Retail Sales May. 2021: -0.4% Finland's seasonally adjusted retail sales, excluding motor vehicles and motorcycles, decreased by 0.4% m/m in May after the downwardly revised 2.6% gain in April. Spain Consumer Price Index Jun. 2021: 2.7% y/y Spain's consumer price index rose by 2.7% in yearly terms in June, after a similar gain in May. Sweden Consumer Price Index Jun. 2021: 1.3% Sweden’s inflation rate slowed to 1.3% y/y in June from 1.8% in May, coming in weaker than expected. United Kingdom Consumer Price Index Jun. 2021: 2.5% y/y U.K. inflation accelerated in June, rising to 2.5% y/y compared with 2.1% y/y the previous month. Euro Zone Industrial Production May. 2021: -1.0% The euro zone’s industrial production shrank by 1% m/m in May following April's downwardly revised uptick of 0.6% m/m. United States MBA Mortgage Applications Survey July 09: 16.0% Mortgage applications popped in the week of July 9, increasing 16% from the week before. United States Producer Price Index Jun. 2021: 1.0% m/m The U.S. producer price index increased 1% in June from May, stronger than either we or the consensus expected. Canada Survey of Manufacturing May. 2021: -0.6% Manufacturing dipped for the second consecutive month. Canada Monetary Policy Jul. 2021: 0.25% The recovery of Canada’s economy has proceeded without a major setback, allowing the Bank of Canada to make an adjustment to its quantitative easing program. World Moody's Analytics Global CPI Jun. 2021: 0.6% Our estimate of worldwide inflation accelerated to 5.3% y/y in June from 5.2% in May. United States Moody's Analytics Inflation Expectations Pulse July 11: 2.4% Ten-year PCE inflation expectations held steady near 2.4%. United States Oil Inventories July 09: 437.6 mil barrels Consistently larger than expected declines in crude oil inventories are contributing to high oil prices. United States Beige Book Jul. 2021: The U.S. economy grew at a moderate to robust pace from late May to early July, according to the Federal Reserve’s latest Beige Book. Chile Monetary Policy Jul. 2021: Australia Employment Situation Jun. 2021: China GDP 2021Q2: China Industrial Production Jun. 2021: China Retail Sales Jun. 2021: China Fixed Asset Investment Jun. 2021: » VIEW MORE ECONOMIC INDICATORS |