| Today's Economy
Europe Daily Briefing: Service Sector Takes the Pulse of U.K. Economy GDP figures for the second quarter may come in better than expected, but still subdued. U.S. Retailers Need Dollars to Hire Falling employment in the sector stems from weak nominal sales growth. Quick Thoughts on Powell's Prepared Remarks Tying a potential Fed rate cut to the downside risks to the outlook suggests this is an insurance move. Asia-Pacific Daily Briefing: Lots Going On Behind China's CPI Food prices are adding to headline inflation, but underlying price growth is subdued. » VIEW MORE TODAY'S ECONOMY
Commentary
China’s Door Opens a Bit Wider to Foreign Financial Services The globalization of China’s financial markets will create a number of benefits. Road to Recession: No Repeal of the Business Cycle With this latest update, we have added several new features. U.S. Chartbook: Labor Market Roller Coaster No red flags, but manufacturing warrants a close watch. Global Outlook: Weakness, Uncertainty and Ructions Significant and unresolved geopolitical risks plague the world's economies. » VIEW MORE COMMENTARY
Today's Economic Indicators
France
Industrial Production
May. 2019: 2.1%
France’s industrial production rose by a sharp 2.1% m/m in May, building on an upwardly revised 0.5% gain in April. United Kingdom
Monthly GDP
May. 2019: 0.3%
U.K. Italy
Industrial Production
May. 2019: 0.9%
Italian industrial production rose by 0.9% m/m in May, partially recovering from two consecutive months of slowdown, though it is down 0.7% y/y. Brazil
Consumer Price Index
Jun. 2019: 3.37%
Brazil’s inflation reported a significant decline in June, falling below the central target. United States
MBA Mortgage Applications Survey
July 05: -2.4%
The top-line index moved down 2.4% the week of July 5, with a fall in refinancings outweighing a rise in purchases. United States
Wholesale Trade (MWTR)
May. 2019: 0.4%
Inventories expanded in line with consensus expectations in May. Canada
Monetary Policy
Jul. 2019: 1.75%
The Bank of Canada kept its target for the overnight rate at 1.75%, citing the material impact of trade tensions on the global economic outlook. United States
Oil Inventories
July 05: 459.0 mil barrels
A big drop in crude oil inventories will put upward pressure on oil prices. China
Monetary Aggregates
Jun. 2019:
United States
FOMC Minutes
Jun. 2019:
The minutes of the latest Federal Open Market Committee meeting were expected to be dovish and they didn’t disappoint. » VIEW MORE ECONOMIC INDICATORS | 
