Today's Economy LatAm Daily Briefing: Brazil Oil Output Accelerates Failed oil auctions last month cloud prospects for future production. Europe Daily Briefing: U.K. Labour Market Is Holding Up Well There is still little case for the BoE to cut rates in the coming months. Asia-Pacific Daily Briefing: China Cements Its International Presence China's FDI is flowing to Greece, but it accounts for relatively little in aggregate. Loan Spreads Remain Well Above Bond Spreads for High-Yield Credits The average high-yield loan spread was 58 bps wider than Barclays average high-yield bond spread. » VIEW MORE TODAY'S ECONOMY
Commentary Trade Troubles on the Farm Recent data highlight the extent of the trade war’s damage to the U.S. farm sector. U.S. Chartbook: No Warning Bells Minor disappointments indicate a slowing economy but are not a cause for alarm. Argentina Outlook: Recession Continues The new administration must quickly negotiate with debt holders. Greece Outlook: The Tide Is Finally Turning Investment, debt repayment and bond issuances are boosting the economy, but risks remain. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom Unemployment Oct. 2019: 3.8% The U.K.’s jobless rate fell to 3.8% in the September quarter from 3.9% in the June stanza, beating our and the consensus expectations for no change. OECD Composite Leading Indicators Sep. 2019: 99.1 The composite leading indicator for the OECD countries slowed its downward progression, with the index holding steady at 99.1 in September, relative to a renormalized 99.1 in August. United States NFIB Small Business Survey Oct. 2019: 102.4 Chatter of a tentative phase-one trade agreement between the U.S. and China isn’t providing a big boost to small business sentiment. South Korea Employment Oct. 2019: New Zealand Monetary Policy Nov. 2019: » VIEW MORE ECONOMIC INDICATORS |