Today's Economy Economic Roundup: U.S. Jobless Claims Show Cooling Labor Market Claims increased but need to break consistently above 250,000 before they raise a red flag. Capital Market View: Spreads Tighten, Issuance Still Struggling High-yield issuance remains extremely light. LatAm Daily Briefing: Chile’s Potential Policy Mistake The central bank’s gradual monetary tightening may require faster rate hikes to control inflation. Europe Daily Briefing: Swedish Inflation Jumps The Riksbank should act soon to tame inflation and inflation expectations.
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Commentary Euro Zone Risk Matrix: Avoiding Rationing Russia has been squeezing natural gas deliveries into Europe for several months, and yet reserves are replenishing. Russia-Ukraine Tracker: Oil Price Cap on Table The G-7 leaders have a tentative oil price cap agreement on Russian oil. U.S. CPI by Demographics: June Update The gap between headline and core inflation has not been so wide in decades and bodes ill for low-income households. U.S. “Misery” a Mixed Bag High inflation is driving a key index of economic pain nationwide but reflects various levels of hurt by region. » VIEW MORE COMMENTARY
Today's Economic Indicators
Finland Consumer Price Index Jun. 2022: 7.8% y/y Finland’s annual inflation rate climbed higher in June, accelerating to 7.8% year over year from 7% in May. Sweden Consumer Price Index Jun. 2022: 8.7% y/y Sweden’s inflation rate jumped to 8.7% y/y in June, from 7.3% in May. Ireland Consumer Price Index Jun. 2022: 9.1% y/y The Russian invasion of Ukraine continues to feed into inflation across Europe and in Ireland. Canada Survey of Manufacturing May. 2022: -2.0% m/m Manufacturing sales declined sharply in May as motor vehicles took a major hit. United States Moody's Analytics Beige Book Index Jul. 2022: 122.2 The Moody’s Analytics Beige Book Index fell from 150 in June to 122.2 in July. United States Jobless Claims July 09: 244,000 U.S. initial claims for unemployment insurance suggest that the labor market is cooling off. United States Producer Price Index Jun. 2022: 1.1% m/m The U.S. United States St. Louis Fed Financial Stress Index July 08: -1.30 Financial market stress eased in the week ended July 8 as the St. World Moody's Analytics Global CPI Jun. 2022: 1.7% m/m The Moody’s Analytics estimate of the global consumer price index increased by 1.7% m/m in June. United States Natural Gas Storage Report July 08: 58 bil cubic feet Last week’s build in gas stocks perfectly matched consensus expectations, suggesting that this report will have little effect on prices. Argentina Consumer Price Index Jun. 2022: 64.0% y/y The statistics office’s national consumer price index increased 5.3% m/m in June, after 5.1% in the previous month. Singapore Foreign Trade Jun. 2022: China Fixed-Asset Investment Jun. 2022: China GDP 2022Q2: China Industrial Production Jun. 2022: China Retail Sales Jun. 2022: » VIEW MORE ECONOMIC INDICATORS |