Today's Economy Europe Daily Briefing: No End to the Brexit Drama Yet The U.K. and EU reached a deal, but it doesn't resolve the Irish backstop problem. Asia-Pacific Daily Briefing: Australia's Labour Market Is Less Rosy Singapore's exports slumped again in September, with tech remaining the biggest drag. Transportation Index Prices in a Reduced Risk of Recession Over the last six trading days, the index advanced 6.1% to outrun the market. Economic Roundup: U.S. Retail Sales Come Up Short, but Don't Worry A number of possible temporary factors hurt spending in September. » VIEW MORE TODAY'S ECONOMY
Commentary About That New Brexit Deal There is no guarantee this agreement will pass the U.K. Parliament. Strong U.S. Economy Helps Balance Spending High-income households dominate, but the strong labor market supports lower-income spending. Analysis: Vice President Biden's Student Loan Plan It would ease the financial pressure on borrowers and support stronger economic growth. Our 2020 Presidential Election Models Early signs point to Trump, though turnout is key. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom Retail Sales Sep. 2019: 3.12% British retail sales solidly beat expectations, jumping to 3.1% y/y in September from 2.7% in August. Canada ADP Canada National Employment Report Sep. 2019: 28,200 Good news continued for Canada's labor market in September. Canada Survey of Manufacturing Aug. 2019: 0.8% Manufacturing sales snapped a two-month losing streak, but problems remain. United States Moody's Analytics Beige Book Index Oct. 2019: 72.2 The Moody's Analytics Beige Book Index decreased to 72 in October, continuing the index’s downward trajectory over the last 12 months. United States Jobless Claims October 12: 214,000 All is well with the U.S. labor market as initial filings for unemployment insurance benefits remain low. United States Philadelphia Fed Survey Oct. 2019: 5.6 Manufacturing activity increased in October, according to the Philadelphia Fed’s manufacturing outlook survey, though business activity rose at a slower rate. United States New Residential Construction (C20) Sep. 2019: 1.256 mil Housing starts slowed in September and were 9.4% below the revised August estimate but 1.6% above total starts from September 2018. United States Industrial Production Sep. 2019: -0.4% Industrial production fell 0.4% in September, its second decline in the last three months. United States St. Louis Fed Financial Stress Index October 11: -1.18 Financial market stress declined in the week ended October 11, the first weekly decline in four weeks. United States Natural Gas Storage Report October 11: 104 bil cubic feet Natural gas inventories rose by 104 billion cubic feet during the week ended October 11, falling short of expectations of a 132-bcf build. United States Oil Inventories October 11: 434.9 mil barrels Commercial crude oil inventories rose by 9.3 million barrels in the week ended October 11, easily surpassing analyst predictions of a 2.9-million barrel build. Russian Federation Retail Sales Sep. 2019: 0.7% Retail sales growth cooled to 0.7% y/y in September from 0.8% in August. Russian Federation Unemployment Sep. 2019: 4.5% Russia’s unemployment rate climbed to 4.5% in September after hitting a record low of 4.3% in August. Japan Consumer Price Index Sep. 2019: China Fixed Asset Investment Sep. 2019: China GDP 2019Q3: China Industrial Production Sep. 2019: China Retail Sales Sep. 2019: » VIEW MORE ECONOMIC INDICATORS |