Today's Economy Trade War Casts a Shadow on U.S. Oil Producers Higher tariffs could rob U.S. companies of a key market. A New Government Takes Shape in Italy The 2020 budget plan will have to make spending cuts. Europe Daily Briefing: France Is Firing on All Cylinders Sentiment rose in the euro zone but slumped in the U.K. U.S. Consumer Confidence Depends on the Questions Widely watched measures have moved differently of late. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Federal Outlook: About That Budget If lawmakers can't agree on details for fiscal 2020, Washington will be at risk of another shutdown. Greece Outlook: Bucking the Global Trend Reforms, bond issuance and tax cuts are helping the country regain its footing and investor trust. U.S. Chartbook: Tariffs Test Resilience Labor and housing markets look okay, but manufacturing is wobbling. U.S. State and Local Outlook: As Good as It Gets States are adding to their rainy-day funds at a pace seldom seen. » VIEW MORE COMMENTARY
Today's Economic Indicators
Japan Consumer Confidence Aug. 2019: 37.1 Japan’s consumer confidence index on a seasonally adjusted basis fell to 37.1 in August, from 37.8 in July. France Household Consumption Survey Jul. 2019: 0.4% France's household goods consumption rose by 0.4% m/m in July, fully reversing the 0.2% decline in June. France GDP 2019Q2: 0.3% Second numbers showed that France’s GDP grew by 0.3% q/q in the second quarter, the same as in the previous stanza and above the first estimate of 0.2%. Germany Unemployment Aug. 2019: 5.0% Germany's seasonally adjusted unemployment rate was unchanged at 5% in August, while the seasonally adjusted number of unemployed rose by 4,000 from July. Euro Zone Business and Consumer Sentiment Aug. 2019: 103.1 The euro zone's business and consumer sentiment ticked up to 103.1 in August, from 102.7 in July, despite signs of continued weakening in several major euro zone economies. Brazil GDP 2019Q2: 1.0% The economy reported some annual improvement in the second quarter, although it still underperformed. Canada Balance of International Payments 2019Q2: -C$6.4 bil Trade will make a sizable, positive contribution to second quarter GDP. Canada Earnings, Hours and Employment Jun. 2019: 2.5% Earnings retreated in June by 0.5% to C$1,026, but they increased 2.5% compared with a year earlier. United States GDP 2019Q2: 2.0% U.S. United States Advance Wholesale and Retail Inventories Jul. 2019: 0.2% Inventories grew at a steady clip. United States International Trade in Goods - Advanced Jul. 2019: $72.3 bil The nominal goods deficit narrowed from $74.2 billion in June to $72.3 billion in July, a little better than either we or the consensus expected. United States Jobless Claims August 24: 215,000 The U.S. labor market is steady as she goes. United States St. Louis Fed Financial Stress Index August 23: -1.24 Financial market stress edged lower in the week ended August 23 despite a worsening of trade tensions. United States Pending Home Sales Jul. 2019: 105.6 The pending home sales index dropped 2.5% to 105.6 in July on a seasonally adjusted basis, reversing a portion of its upward trend started back at the end of 2018. United States Natural Gas Storage Report August 23: 60 bil cubic feet The increase in natural gas inventories was larger than analysts were expecting, which will have a negative impact on prices. South Korea Retail Sales Jul. 2019: Japan Employment Situation Jul. 2019: Japan Industrial Production Jul. 2019: Japan Retail Sales Jul. 2019: South Korea Monetary Policy Aug. 2019: » VIEW MORE ECONOMIC INDICATORS |