Today's Economy Mortgage Applications Yet to Signal Peak Selling Season for Housing Third straight weekly decline shows home sales pace may be overestimated. Economic Roundup: U.S. Importing Some Inflation, For Now Import prices rose 1.2% in March, but Thursday should bring a gangbuster retail sales report. LatAm Daily Briefing: Uruguay Labor Market Stagnates The second wave of the pandemic remains a pertinent risk. Europe Daily Briefing: Industrial Production Slumps in February Euro zone industrial production struggled in February under supply constraints. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Credit Outlook: Good Times Ahead Active balances across all products moved higher in March and are up more than 4.1% relative to year-ago levels. Euro Zone Risk Matrix Update: Brexit Trade Talks on Ice We are increasing the likelihood of no EU-U.K. services agreement. U.S. Risk Matrix Update: Vaccine Issues and Frothy Markets The FDA decision on the J&J vaccine may not significantly alter the timing of herd immunity but could pose logistical issues. U.S. COVID-19 Tracker Update: Reopening Boosts CPI Hotels and motels saw a 4.4% jump. » VIEW MORE COMMENTARY
Today's Economic Indicators
Finland Consumer Price Index Mar. 2021: 1.3% Finland’s headline CPI accelerated to 1.3% y/y in March from 0.9% in February. Spain Consumer Price Index Mar. 2021: 1.3% y/y Spain's consumer price index gained 1.3% in yearly terms in March, after no gain in February. Sweden Consumer Price Index Mar. 2021: 1.7% Sweden’s consumer price inflation accelerated to 1.7% y/y in March from 1.4% in February, driven by transport and fuel prices. Euro Zone Industrial Production Feb. 2021: -1.0% Euro zone industrial production decreased by 1% m/m in February following a 0.8% increase in January. United States MBA Mortgage Applications Survey April 09: -3.7% Mortgage applications declined 3.7% in the week of April 9, following a 5.1% drop the week before. United States Import and Export Prices Mar. 2021: 1.2% m/m The U.S. is importing more inflation but this should be temporary, as supply-chain disruptions because of the pandemic will eventually be resolved. World Moody's Analytics Global CPI Mar. 2021: 0.7% Our estimate of worldwide inflation picked up to 4.4% y/y in March from a downwardly revised 3.7% in February. United States Oil Inventories April 09: 492.4 mil barrels A larger than expected decline in crude oil inventories will support oil prices. United States Beige Book Apr. 2021: The U.S. economy grew at a moderate pace from February to early April, according to the Federal Reserve's latest Beige Book. Australia Employment Situation Mar. 2021: New Zealand Monetary Policy Apr. 2021: » VIEW MORE ECONOMIC INDICATORS |