Today's Economy Economic Roundup: U.S. Economic Struggles Could Help Stimulus Deal We now look for $908 billion in stimulus to be passed during the lame-duck session. Europe Daily Briefing: Brexit Nears, but Where Will EU Clear? Questions remain over Brexit trade negotiations. Asia-Pacific Daily Briefing: China’s Trade Roars Back in November The resurgence of infections in Europe and the U.S. drove up demand for pandemic-related products. Markets Make Light of November’s Disappointing Jobs Report Apparently, markets believe Congress will somehow approve a relief package that will allow households, businesses and governments to cope. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Weekly Highlights and Preview, December 7, 2020 The weakening economy has reenergized negotiations in Washington DC over another fiscal rescue package. U.S. COVID-19 Tracker Update: The Slowdown The weakness in November employment was in private services, which is the most vulnerable to tighter coronavirus restrictions. U.S. Chartbook: Recovery Weighed Down by COVID-19 November's weak jobs report provides an early hint of the damage done by surging COVID-19 cases. Canada Outlook: Running the Gauntlet Spiking COVID-19 cases raise the specter of a tough winter just as positive vaccine developments emerge. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany Industrial Production Oct. 2020: 3.2% Headline calendar and seasonally adjusted industrial production jumped unexpectedly strongly in October, up 3.2% m/m after an upwardly revised 2.3% increase in September. Chile Consumer Price Index Nov. 2020: 2.7% Chile’s inflation reported a mild adjustment down, after staying around the 3% target in the previous two months. Chile Foreign Trade Nov. 2020: US$1,568.1 mil Chile’s foreign trade surplus rose from its October level, coming in at $1.6 billion for November, in line with our above-consensus forecast. Colombia Consumer Price Index Nov. 2020: 1.49% Colombia’s annual inflation rate decelerated in November amid stable average food prices and a sharp drop in the price index for apparel. Canada Purchasing Managers' Index Nov. 2020: 52.7 The seasonally adjusted Ivey Purchasing Managers' Index fell slightly from 54.5 in October to 52.7 in November. World Moody's Analytics Survey of Business Confidence December 04: -6.2 The recent positive news on the development of effective vaccines for COVID-19 have lifted global business sentiment somewhat. United States Consumer Credit (G19) Oct. 2020: $7.2 bil Consumer credit expanded in October by $7.2 billion. Chile Monetary Policy Dec. 2020: 0.50% Chile’s central bank kept monetary policy on hold in December for the eighth consecutive month, as inflation stays around the 3% target. Japan GDP 2020Q3: » VIEW MORE ECONOMIC INDICATORS |