Today's Economy

If past experiences are any guidepost, stocks and Treasury yields will recover.

Will the economic headwinds or tailwinds prevail in the year ahead?

A transition period will kick in from February 1, during which most of the status quo will remain.

The outcome paves the way for a return to constitutional and civil order.

Commentary

The drag should be modest, but there are significant risks.

We expect a slight improvement in new-home sales.

Mexico has struggled to grow because of tepid domestic demand.

Data released by next Thursday will play a significant role in the BoE's decision-making.

Today's Economic Indicators

Mexico
Retail & Wholesale Sales
Nov. 2019: 2.1%
Household consumption in Mexico reported an annual advance in November, though at a low rate.

United States
Moody's Used Vehicle Price Indexes
Dec. 2019: 1.0%
U.S. used-vehicle prices notched up 1% on a year-over-year basis in December.

World
Moody's Analytics Survey of Business Confidence
January 24: 17.3
Global business confidence has improved since hitting bottom last fall when trade tensions between the U.S. and China were at their apex, but it remains tentative.

United States
New-Home Sales
Dec. 2019: 694,000
New-home sales weakened further in December, but the broader trend remains favorable.

United States
Texas Manufacturing Outlook Survey
Jan. 2020: -0.2
For the fourth month in a row, the current general business activity indicator was negative, although other measures of current Texas factory activity were positive and in many cases improving.

France
Job Seekers
Dec. 2019: 3.29 mil
The number of French job seekers declined to 3.29 million in December from 3.3 million in November.