Today's Economy Oil Prices Recover Lost Ground WTI-Brent price spread remains wide. Venezuelan President Wants Debt Restructuring Maduro's announcement sent the country's bonds to new lows. Fed's Hawks May Fly in 2018 There will be plenty of new faces on the FOMC, with the balance leaning toward the hawkish wing. Chile’s Economy Recovers, but at Limited Rates Insufficient investment remains the main drag. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Chartbook: Everything in Moderation The latest employment report doesn’t alter our view of the labor market or odds of a December Fed rate hike. Global Outlook: Gaining Traction World economic growth will continue to synchronize, but downside risks remain. Chile Does Not Need Monetary Stimulus Economic conditions don't justify rate cuts. U.S. Weekly Highlights and Preview, November 3, 2017 The odds of a recession occurring in the next 12 months remain extremely low. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany Manufacturing Turnover and Orders Received Sep. 2017: 1% German manufacturing expanded by 1% m/m in September, following a revised 4.1% jump in August. Euro Zone Producer Price Index Sep. 2017: 2.9% Euro zone producer prices gained 2.9% y/y in September, boosted by a 4.6% uptick in energy prices. Chile Monthly Economic Activity Indicator Sep. 2017: 1.3% Chile’s economic activity decelerated again in September after rebounding in the previous two months. World Moody's Analytics Survey of Business Confidence November 03: 28.3 Global business sentiment is strong, but it has softened in recent weeks and is now as low as it has been since just before last year’s U.S. presidential election. Canada Purchasing Managers' Index Oct. 2017: 63.8 The seasonally adjusted Ivey Purchasing Managers' Index hit 63.8 in October, up from 59.6 in September. United States Senior Loan Officer Opinion Survey 2017Q4: -8.5% According to the Senior Loan Officer Opinion Survey, a modest net percentage of banks eased lending standards for commercial and industrial loans to large and medium-size firms during the third quarter. This marks the third quarter in a row that lenders have loosened standards for C&I loans since mid-2015, citing greater competition from other financial institutions. Indonesia GDP 2017Q3: Australia Monetary Policy Nov. 2017: » VIEW MORE ECONOMIC INDICATORS |