| Today's Economy
Europe Daily Briefing: A Happy Halloween for the Euro Zone Core inflation strengthened, while headline inflation should head towards target by year's end. Asia-Pacific Daily Briefing: A Disappointing Day China's manufacturing headed south in October, with offshore orders falling further. Economic Roundup: Wall Street Troubles Not Enough to Dampen Consumers' Moods Lost in swings in stock prices is the drop in global oil prices. Europe Daily Briefing: Expect a Better Q4 for the Euro Zone Growth for the year will slow, and will cool further to more sustainable rates in 2019. » VIEW MORE TODAY'S ECONOMY
Commentary
Through the Fed's Eyes The U.S. central bank likely views tightening financial market conditions as more beneficial than harmful. Road to Recession: A Transition Nears Though the mid-cycle is typically the longest phase of an expansion, the late phase can last several months to several years. U.S. Spending Less Skewed in 2017 High-income households dominate spending, but the strong labor market supported the share going to lower-income households. U.S. Chartbook: GDP Rumbles, Markets Tumble Strong third quarter growth contrasts with a rough week for stocks. » VIEW MORE COMMENTARY
Today's Economic Indicators
Japan
Monetary Policy
Oct. 2018: ¥80 tril.
The Bank of Japan expectedly kept monetary settings unchanged at the October monetary policy meeting, after introducing various changes in July. Japan
Consumer Confidence
Oct. 2018: 43.0
Thailand
Private Consumption
Sep. 2018: 4.7%
Thailand
Foreign Trade
Sep. 2018: US$1.96 bil.
Thailand's exports fell in September, but a sharp slowdown in imports improved the trade balance. Taiwan (Province of China)
GDP
2018Q3: 2.3%
A slowdown in export growth is weighing on the Taiwanese economy. Germany
Retail Sales
Sep. 2018: 0.1%
German retail sales recovered at the end of the third quarter. Euro Zone
Preliminary Consumer Price Index
Oct. 2018: 2.2%
Euro zone inflation rose to 2.2% in October, from 2.1% in September, slightly above the consensus for a steady reading. Italy
Unemployment
Sep. 2018: 10.1%
Italy’s unemployment ticked up in September, rising to 10.1% from 9.7% in August. Euro Zone
Unemployment
Sep. 2018: 8.1%
For the first time in several months the euro zone’s labour market report didn’t surprise on the upside, coming in only in line with expectations. United States
MBA Mortgage Applications Survey
October 26: -2.5%
Mortgage applications fell last week while interest-rate movements were mixed. United States
Bankruptcy Filings
2018Q3: -1.1%
Personal bankruptcy filings fell in the third quarter, following their normal seasonal pattern, but the decline was somewhat smaller than last year's despite the support to budgets from tax cuts and the strong labor market. Chile
Employment
Sep. 2018: 7.1%
The national unemployment rate averaged 7.1% in the July-September rolling quarter, up from 6.7% a year earlier. Chile
Manufacturing Production
Sep. 2018: -5.4%
Unexpectedly, Chile’s industry contracted in September, with weakness in the three main sectors. United States
ADP National Employment Report
Oct. 2018: 227,000
The labor market remains at full steam ahead. Canada
Industrial Product and Raw Materials Price Indexes
Sep. 2018: 0.1%
The industrial product index rose 0.1% in September, up 6.2% from last year. Canada
Industry Output
Aug. 2018: 0.1%
Canadian GDP growth maintained its pace in August. United States
Employment Cost Index
2018Q3: 0.8%
The Employment Cost Index continues to gradually accelerate as the labor market heals. United States
Risk of Recession
Sep. 2018: 11%
Not surprisingly, the odds that the U.S. will be in recession in the next six months are low. United States
Oil Inventories
October 26: 426.0 mil barrels
The increase in crude oil inventories was roughly in line with analyst expectations, which will have little effect on prices. South Korea
Foreign Trade
Oct. 2018:
Brazil
Monetary Policy
Oct. 2018:
South Korea
Consumer Price Index
Oct. 2018:
Australia
Foreign Trade
Sep. 2018:
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