Today's Economy U.S. Trade Is Less Supportive to Q2 GDP Growth Nominal and real trade deficits widened more than anticipated in May. The Panama Canal and Oil Trade The newly expanded waterway will not have much effect on crude shipping. Uruguay Inflation Will Be Tough to Tame Fiscal deficits are pushing up consumer prices even as the economy contracts. Economic Briefing: Yen Rises on Haven Flows Yields on government bonds fell further as investors sought safe assets. » VIEW MORE TODAY'S ECONOMY
Commentary U.K. Decision to Break From the EU Is Helping U.S. Homeowners Refis are climbing and mortgage rates have room to fall. U.S. Chartbook: Dodging a Bullet, for Now Financial markets are weathering the U.K. break from the EU. U.S. Weekly Highlights and Preview, July 1, 2016 June employment should ease fears that the job market has weakened. Europe Weekly Highlights and Preview, 1 July, 2016 Uncertainty after the U.K. exit vote will likely dominate again next week. » VIEW MORE COMMENTARY
Today's Economic Indicators
Spain Industrial Production May. 2016: 0.9% Spain's industrial production rose 0.9% in May in calendar-adjusted year-ago terms, down from a 2.7% gain in April. Germany Manufacturing Turnover and Orders Received May. 2016: 0.0% German manufacturing orders were unchanged in May after falling 1.9% in April. United States MBA Mortgage Applications Survey July 01: 14.2% Mortgage applications increased sharply last week after falling in the prior week. Colombia Consumer Price Index Jun. 2016: 8.6% Colombia’s annual inflation rate accelerated sharply in June amid rising food prices. Canada International Merchandise Trade May. 2016: -C$ 3.28 bil Export and import values declined in May in roughly equal measures, leaving Canada's merchandise trade deficit relatively unchanged at $3.28 billion. United States International Trade (FT900) May. 2016: -$41.1 bil The U.S. trade deficit increased to $41.1 billion in May, a significant rise from the previous month’s deficit of $37.4 billion. United States ISM Nonmanufacturing Index Jun. 2016: 56.5 The nonmanufacturing segment of the economy bounced back in June, adding to the evidence that the downshift in growth in May was a fluke. United States FOMC Minutes Jun. 2016: The minutes of the June Federal Open Market Committee meeting suggest the central bank is worried enough about the U.S. economy’s momentum that a rate hike may not occur soon. » VIEW MORE ECONOMIC INDICATORS |