| Today's Economy
Capital Market View: A Check on Spreads, Defaults and Issuance Spreads continue to widen while defaults are higher than this time last year. LatAm Daily Briefing: Bank of Mexico Remains Accommodative The central bank has been far too timid in its efforts to contain inflation. Chinese Unemployment Returning to Pandemic Peak Rolling lockdowns are bruising the Chinese economy. Europe Daily Briefing: Dutch Unemployment Falls Again Record-high unemployment doesn't translate to upbeat consumer confidence. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Labor Market Tightness Varies by Region Differences are due to divergent responses to quits and job openings. Russia-Ukraine Tracker: The World Needs Ukraine’s Grains With Russia's Black Sea blockade, Ukraine is having difficulty exporting food. U.K. Inflation Highest in G-7 Spiralling natural gas prices are mainly to blame, but prices are rising everywhere. Japan Risk Matrix Update: The Bumpy Road COVID-19 is weighing on household and business spending, keeping demand weak and GDP below pre-pandemic levels. » VIEW MORE COMMENTARY
Today's Economic Indicators
Malaysia
Foreign Trade
Apr. 2022: MYR23.5 bil
Malaysia’s trade surplus came in at MYR23.5 billion in April, narrowing a touch from March’s MYR26.7 billion. Philippines
Monetary Policy
May. 2022: 2.25%
Bangko Sentral ng Pilipinas raised its overnight reverse repo rate by 25 basis points to 2.25% from 2% at its May meeting, marking the beginning of post-pandemic policy normalisation. Hong Kong SAR (China)
Employment Situation
Apr. 2022: 5.4%
The seasonally adjusted unemployment rate in Hong Kong climbed to 5.4% for the February-to-April period, compared with 5% for the January-to-March period. Canada
Industrial Product and Raw Materials Price Indexes
Apr. 2022: 0.8% m/m
The Industrial Product Price Index continued its forward spike in April, rising 0.8% on the month. United States
Jobless Claims
May 14: 218,000
U.S. initial claims for unemployment insurance increased by 21,000 to 218,000 in the week ended May 14. United States
Philadelphia Fed Survey
May. 2022: 2.6
Manufacturing activity in the Federal Reserve’s Third District continues to expand, albeit at a slower pace. Netherlands
Unemployment
Apr. 2022: 3.2%
With vacancies jumping in the first quarter 19.1% q/q, and another improvement in the unemployment rate in April, the Dutch labor market's tightening is showing little sign of letting up. United States
Existing-Home Sales
Apr. 2022: 5.61 mil, SAAR
Existing-home sales dipped 2.4% in April to 5.61 million units annualized, reinforcing the downward trend that began at the start of 2022 and dropping to their lowest level since June 2020. United States
St. Louis Fed Financial Stress Index
May 13: -0.81
Financial market stress surged last week, with the St. United States
Moody's Analytics Inflation Expectations Pulse
May 15: 2.44%
The Moody’s Analytics Inflation Expectations Pulse popped higher in the week ended May 15. United States
Internet Sales (E-Commerce Sales)
2022Q1: $250.0 bil
On a seasonally adjusted basis, internet sales in the first quarter increased 2.4% from the fourth quarter of last year. United States
Conference Board Leading Indicators
Apr. 2022: -0.3%
The Conference Board Leading Economic Index fell by 0.3% in April, falling below consensus expectations of 0%. United States
Natural Gas Storage Report
May 13: 89 bil cubic feet
Last week’s build in gas stocks perfectly matched consensus expectations, so this report will not help sway extremely high natural gas prices. Argentina
Economic Activity Indicator
Mar. 2022: 4.8% y/y
The statistics office’s monthly economic activity index, IMAE, increased 4.8% y/y in March, after 8.5% in the previous month. New Zealand
Foreign Trade
Apr. 2022:
Japan
Consumer Price Index
Apr. 2022:
China
Foreign Trade
Apr. 2022:
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