Today's Economy Monitoring NBFI Lending Corporate debt held by U.S. nonbank financial institutions has risen sharply since 2020. LatAm Daily Briefing: No Way to Escape Market Turbulence The recent volatility has shaken regional stock markets. Europe Daily Briefing: Retail Pullback Solid growth in euro zone automotive fuel sales helped moderate the slump. Asia-Pacific Daily Briefing: Australia's Central Bank Holds Fire The bank will hope Aussies don't go to town after receiving tax cuts and government rebates. » VIEW MORE TODAY'S ECONOMY
Commentary Composition of High Prices Hurts U.S. Consumer Confidence Inflation for sellers of necessities weighs on confidence. U.S. Chartbook: All About the Labor Market Despite signs of stress, we should not panic yet. Latin America and the U.S. Elections: Trade and Migration in Focus Greater protectionism and restrictions on migration are tangible risks. U.S. Weekly Highlights and Preview, August 2, 2024 Monday’s Senior Loan Officer Opinion Survey will provide insight into whether tight lending conditions have persisted in recent months. » VIEW MORE COMMENTARY
Today's Economic Indicators
Australia Monetary Policy Aug. 2024: 4.35% In line with expectations, the Reserve Bank of Australia held the cash rate steady at 4.35% at its August meeting. Netherlands Consumer Price Index Jul. 2024: 3.7% y/y Dutch headline consumer price inflation was confirmed at 3.7% year over year in July, the highest rate since August 2023. Taiwan (China) Consumer Price Index Jul. 2024: 2.5% y/y Taiwan’s inflation rose slightly to 2.5% year over year in July from 2.4% in June, as food price growth remains volatile. Euro Zone Retail Sales Jun. 2024: -0.3% m/m The euro zone’s retail sales fell by 0.3% month over month in June, reversing a 0.1% increase in May. United States International Trade (FT900) Jun. 2024: -$73.1 bil The U.S. deficit in goods and services narrowed to $73.1 billion in June, from $75 billion in May, as exports rose by $1.9 billion more than imports. Canada International Merchandise Trade Jun. 2024: C$ 0.64 bil In June, Canada's merchandise exports increased 5.5% while imports pushed higher by 1.9%. Brazil Foreign Trade Jul. 2024: US$7.64 bil The trade surplus continued to widen in July as exports and imports advanced positively as the economy gains traction. New Zealand Employment Situation 2024Q2: Philippines Industrial Production Jun. 2024: China Foreign Trade Jul. 2024: » VIEW MORE ECONOMIC INDICATORS |