| Today's Economy
U.K. Exit Will Impact U.S.-EU Trade Deal A delay in clinching the TTIP deal was widely anticipated even before the U.K. Leave vote. North Sea Oil Production to Fall Strikes and lower investment will reduce supply. Global Oil Prices Could Buck Expectations Over the past several years crude has ended the year lower than where it started. ECB Preview: Watching From the Sidelines, for Now The central bank will likely refrain from lowering its policy rate and expanding QE. » VIEW MORE TODAY'S ECONOMY
Commentary
Netherlands Outlook: Looking Up in the Lower Country The economy will expand because of strong exports and a growing population. Korea Outlook: Economic Prospects Weaken Fiscal and monetary stimulus measures are unlikely to offset weak external conditions. Potential Policy Gem The Property Assessed Clean Energy program could be a rare win-win. U.S. Chartbook: Solid in the Face of Headwinds The data continue to indicate that the expansion is maturing. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany
Producer Price Index
Jun. 2016: -2.2%
Producer prices fell 2.2% y/y in June, following a 2.7% drop in the previous month. Euro Zone
Balance of Payments
May. 2016: €15.4 bil
The euro zone's current account surplus expanded to €15.4 billion in May, not seasonally adjusted, from €8.4 billion a year earlier. United Kingdom
Employment Situation
Jun. 2016: 4.9%
The U.K. headline ILO-harmonized unemployment rate for the three months to May fell to 4.9%, its lowest since mid-2005. United States
MBA Mortgage Applications Survey
July 15: -1.3%
Mortgage applications decreased marginally last week after jumping in the prior two weeks. United States
Oil Inventories
July 15: 519.5 mil barrels
A drop in crude oil inventories above analyst predictions will put upward pressure on prices. Argentina
Retail Sales Index
May. 2016: 20.7%
The index that tracks nominal sales at Buenos Aires’ largest shopping centers increased 20.7% y/y in May, after a revised 41.4% gain in the previous month. Brazil
Monetary Policy
Jul. 2016:
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