| Today's Economy
Economic Roundup: Pivot! Trump’s tariff threats pivot from Mexico to China while the Fed mulls a pivot to interest rate cuts. Suspended Mexico Tariffs Shift Focus Back on China President Trump again threatened levies on nearly $300 billion worth of Chinese goods imports. A Change Is Coming The June baseline will include no Fed hike in 2020 and a lower 10-year yield forecast. Europe Daily Briefing: U.K. GDP Plunges Firms will need to unwind inventory before new orders in manufacturing can pick up. » VIEW MORE TODAY'S ECONOMY
Commentary
Debt Ceiling Tracker: Back to Square One The April tax windfall was only a fleeting relief for the Treasury under the debt limit. U.S. Weekly Highlights and Preview, June 7, 2019 Key data ahead include retail sales, industrial production and consumer prices. Australia Outlook: A Little Less Lucky The economy is in the midst of its weakest expansion in a decade. Europe Weekly Highlights and Preview, 7 June, 2019 The U.K.’s monthly GDP growth for April will be in the spotlight next week. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom
Monthly GDP
Apr. 2019: -0.4%
The U.K. monthly GDP report for April was grim, showing that the British economy shrank by 0.4% m/m, worsening on a 0.1% contraction in March. Italy
Industrial Production
Apr. 2019: -0.7%
Italy’s industrial production fell 0.7% m/m in April, following a 0.9% drop in March. Canada
Housing Starts
May. 2019: 202 ths
Residential construction in Canada took a step backward in May. Canada
Building Permits
Apr. 2019: 14.7%
Canadian building permits changed the record books in April. World
Moody's Analytics Survey of Business Confidence
June 07: 10.3
The trade war between the U.S. and its trading partners has done significant damage to global business sentiment and the economy. United States
Job Openings and Labor Turnover Survey
Apr. 2019: 4.7% openings rate
The U.S. labor market was in good shape at the end of April. China
Foreign Trade
May. 2019: US$41.7 bil
China's trade surplus widened to US$41.65 billion in May, following the US$13.84 billion surplus in April. » VIEW MORE ECONOMIC INDICATORS | 
