Today's Economy Mexico Decelerates During the Political Transition The change of government takes its usual toll on the economy. Europe Daily Briefing: No Brexit Clarity Euro zone business and consumer sentiment took a dive this month. Asia-Pacific Briefing: Not Much to See Here Australia's CPI growth is subdued; monetary policy is steady for another year. Business Cycle-Sensitive Shares Lead U.S. Equities in 2019 The equity market believes Treasury bond yields will be flat-to-lower at least until unit home sales enter a recurring ascent. » VIEW MORE TODAY'S ECONOMY
Commentary Trump Trade War: An Uneasy Truce We consider the fallout if current negotiations break down. Commodity Outlook: Finding a Footing Global oil demand is expected to remain sturdy despite an economic slowdown in China. U.S. Chartbook: Shutdown Grinds Some Gears The labor market is on a strong trajectory, while sore spots have emerged in housing and manufacturing. U.S. Weekly Highlights and Preview, January 25, 2019 January's unemployment rate will likely have risen slightly from December. » VIEW MORE COMMENTARY
Today's Economic Indicators
Japan Consumer Confidence Jan. 2019: 41.9 Japan's consumer confidence fell sharply at the start of 2019, extending the downward trend from 2018. France Household Consumption Survey Dec. 2018: -1.5% French household goods consumption declined by 1.5% m/m in December. France GDP 2018Q4: 0.3% Final numbers for GDP growth in France hit their forecast of 0.3% q/q in the fourth quarter, following a similar 0.3% in the third quarter. Spain Retail Sales Dec. 2018: -0.6% Retail sales unexpectedly lost ground and dropped 0.6% in month-ago terms in December. Malaysia Foreign Trade Dec. 2018: MYR10.4 bil Malaysia's trade surplus widened to MY10.4 billion in December, following the MYR7.8 billion surplus recorded in November. Euro Zone Business and Consumer Sentiment Jan. 2019: 106.2 The euro zone's sentiment took another dive in January, hitting 106.2 and shedding 1.2 points from the previous month. United States MBA Mortgage Applications Survey January 25: -3.0% The mortgage market had another slight contraction in the week ending January 25. Despite this, both four-week moving averages posted double-digit gains. United States ADP National Employment Report Jan. 2019: 213,000 The labor market is riding high into 2019. Canada Earnings, Hours and Employment Nov. 2018: 2.0% The Canadian labor market improved slightly in November. United States Business Employment Dynamics 2018Q2: 7.6 mil A near-complete count of private-sector employment indicates that the labor market stayed strong and steady through mid-2018. United States Pending Home Sales Dec. 2018: 99.0 The pending home sales index dropped 2.2% to 99 in December on a month-over-month seasonally adjusted basis, reinforcing recent losses and declining to its lowest level since the second quarter of 2014. United States Oil Inventories January 25: 445.9 mil barrels The increase in crude oil inventories fell well short of analyst predictions, which will put upward pressure on oil prices. United States FOMC Monetary Policy Jan. 2019: 2.25 - 2.50% As widely expected, the Federal Open Market Committee left its target range for the fed funds rate at 2.25% to 2.5%. Chile Monetary Policy Jan. 2019: 3.00% Chile’s central bank tightened monetary policy for the second time in the past four months, hiking the interest rate by 25 basis points to 3%. South Korea Retail Sales Dec. 2018: Japan Industrial Production Dec. 2018: China Manufacturing PMI Jan. 2019: » VIEW MORE ECONOMIC INDICATORS |