| Today's Economy
Happy Fourth of July From Economic View! We will return on Monday, July 6. Economic Roundup: The Good Times Unlikely to Keep Rolling The June jobs report was impressive, but uncertainty is mounting as COVID-19 case counts rise. Canada Weekly: Starting From the Bottom The economy is beginning to turn a corner, but the amount of lost ground proves staggering. Europe Daily Briefing: Just Too Good to Be True Unemployment figures beat expectations in May, but the devil is in the details. » VIEW MORE TODAY'S ECONOMY
Commentary
Asia-Pacific Weekly Highlights and Preview: 3 July, 2020 Australia's central bank will likely keep the cash rate on hold. As COVID-19 Surges, Regional Setbacks in U.S. Pile Up States change course after premature reopenings, but it may already be too late. Latin America Weekly Highlights and Preview, July 2, 2020 Industrial production figures from Mexico and Argentina will underline the economic pain of the coronavirus pandemic. Stress-Testing in a Pandemic Given the current shock, it is prudent for the Fed to restrict bank operations until clearer signs of economic recovery prevail. » VIEW MORE COMMENTARY
Today's Economic Indicators
Italy
Unemployment
May. 2020: 7.8%
Preliminary estimates show that Italy’s employment situation worsened in May. Euro Zone
Unemployment
May. 2020: 7.4%
The euro zone’s jobless rate rose to 7.4% in May from a downwardly revised 7.3% in April, again beating expectations for a sharper increase. Brazil
Industrial Production
May. 2020: -20.4%
Brazil’s industry continued to plunge in May as the coronavirus epidemic forced an extended paralysis along the month. Canada
International Merchandise Trade
May. 2020: -C$ 0.68 bil
United States
Jobless Claims
June 27: 1,427,000
Applications for unemployment insurance benefits in the U.S. remain elevated. United States
Employment Situation
Jun. 2020: 4,800,000
The labor market posted a strong rebound in June, adding 4.8 million jobs, somewhat above our expectation of 4.25 million. United States
International Trade (FT900)
May. 2020: -$54.6 bil
COVID-19 continued to take a major toll on international trade in May. United States
ISM - NY Report
Jun. 2020: 39.5
New York City purchasing managers are trying to pick up the pieces following the unprecedented economic collapse that took place in March and April. United States
Vehicle Sales - AutoData
Jun. 2020: 12.7 mil, SAAR
U.S. unit vehicle sales took another step forward in June. United States
Factory Orders (M3)
May. 2020: 8.0%
United States
St. Louis Fed Financial Stress Index
June 26: 0.25
The St. United States
Natural Gas Storage Report
June 26: 65 bil cubic feet
The increase in natural gas stocks was under analyst predictions, suggesting that this report will give prices some upward momentum. Singapore
GDP - Advanced
2020Q2:
Brazil
Foreign Trade
Jun. 2020: US$7.46 bil
Brazil’s trade surplus rose in June to $7.46 billion, in line with our expectations. Australia
Retail Sales
May. 2020:
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