| Today's Economy
LatAm Daily Briefing: Venezuela Resumes Oil Shipments to Europe In an oil-for-debt swap, the nation will help make up for the Russian oil loss. Capital Market View: High-Yield Spreads Will Widen Further As growth cools and equity volatility remains elevated, spreads will keep widening. Asia-Pacific Daily Briefing: Bank Negara Malaysia Hikes Rates Again The central bank's second consecutive hike raised the overnight policy rate by 25 bps to 2.25%. Economic Roundup: Still Not Looking Good Q2 GDP tracking estimate nudged higher, but financial markets are acting like a recession is here. » VIEW MORE TODAY'S ECONOMY
Commentary
What to Expect From Japan’s Upper House Elections With victory for the ruling coalition all but guaranteed, a major shift in policy is unlikely. U.S. Weekly Highlights and Preview, July 5, 2022 Employment numbers and Fed minutes are in focus this week. This Week in the Economy We are downgrading our real GDP growth outlook for the remainder of this year and next, but while near-term recession risks are uncomfortably high, odds remain that the economic expansion will continue. U.S. Chartbook: Fear and Loathing in the Economy We aren't in the midst of a recession, but that won’t stop recession fears from looming large. » VIEW MORE COMMENTARY
Today's Economic Indicators
Malaysia
Monetary policy
Jul. 2022: 2.25%
Bank Negara Malaysia raised its overnight policy rate by 25 basis points to 2.25% as the market widely expected. Spain
Industrial Production
May. 2022: -0.2% m/m
Seasonally and in calendar-adjusted terms, Spain’s industrial production lost 0.2% m/m in May. Austria
Retail Sales
May. 2022: -3.8% y/y
Austrian retail sales fell in May, posting a 3.8% decline from a year ago. Sweden
Industrial Production
May. 2022: -0.1% m/m
Sweden’s industrial production slipped by 0.1% m/m in May, deepening a downwardly revised 1.6% decline in April. Taiwan (China)
Consumer Price Index
Jun. 2022: 3.6% y/y
Taiwan’s headline consumer price index rose 3.6% over the year in June, which was within our expectations, driven by food and fuel inflation. Euro Zone
Retail Sales
May. 2022: 0.2% m/m
Euro zone retail sales increased 0.2% m/m on a seasonally adjusted basis in May, after contracting 1.4% m/m in the previous month after revisions. United States
MBA Mortgage Applications Survey
July 01: -5.4%
Mortgage application volume fell 5.4% in the week ended July 1, undoing three consecutive weeks of growth. Colombia
Consumer Price Index
Jun. 2022: 9.7% y/y
Colombia’s annual inflation rate accelerated sharply in June due in part to a low comparison base. United States
ISM Nonmanufacturing Index
Jun. 2022: 55.3
The U.S. nonmanufacturing sector expanded in June for the 25th month in a row, but the breadth of growth was slightly narrower than in the prior month. United States
Moody's Analytics Inflation Expectations Pulse
July 03: 2.81%
Inflation expectations have ticked down for consecutive weeks. United States
Job Openings and Labor Turnover Survey
May. 2022: 6.9% openings rate
The May Job Openings and Labor Turnover Survey report hints at some softening in the labor market. United States
FOMC Minutes
Jun. 2022:
The minutes from the June meeting of the Federal Open Market Committee didn’t contain a ton of surprises. Philippines
Industrial Production
May. 2022:
Australia
Foreign Trade
May. 2022:
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