| Today's Economy
Capital Market View: Check-In on Spreads, Issuance and Defaults Issuance remains solid while defaults continue to decline. LatAm Daily Briefing: Despite a Hiccup, Growth Will End High August’s unexpected contraction won’t derail Mexico’s year-end momentum, but concerns linger. Europe Daily Briefing: Euro Zone Sentiment Beats Expectations Confidence rose across sectors. Asia-Pacific Daily Briefing: BoJ Holds Steady Ahead of Election Challenges remain, even though domestic demand is on the mend. » VIEW MORE TODAY'S ECONOMY
Commentary
No Jolt of Workers for State Economies More detailed U.S. data on openings, hires and quits add color to the regional story. U.S. Employment Outlook: Churn and Recovery Labor market performance will improve in coming months as infection rates ebb and more workers can return to the labor force. U.S. Credit Outlook: Rising Interest Rates to Slow Lending Unsecured lending staged a comeback this summer as consumers returned to travel and leisure spending in volumes closer to pre-pandemic times. What to Watch for in Japan’s Elections The ruling coalition is expected to win, but the race could prove more competitive than expected. » VIEW MORE COMMENTARY
Today's Economic Indicators
Malaysia
Foreign Trade
Sep. 2021: MYR26.1 bil
Malaysia's trade surplus soared to a record high of MYR26.10 billion in September. Norway
Retail Sales
Sep. 2021: 0.4% m/m
Norway’s retail sales excluding autos and fuel inched up by 0.4% m/m in September after August’s 3.7% decline. Belgium
Consumer Price Index
Sep. 2021: 2.9% y/y
Consumer price growth in Belgium crept higher in September, rising to 2.9% y/y from 2.7% y/y in August. Spain
Unemployment
2021Q3: 14.6%
Spain’s unemployment rate inched down to 14.6% in the three months to September from 15.3% in the previous quarter. Sweden
Retail Sales
Sep. 2021: -0.3% m/m
Sweden’s retail sales declined by 0.3% m/m in September following a 0.5% rise in August. Norway
Unemployment rate
Aug. 2021: 4.2%
Norway's quarterly unemployment rate dropped to 4.2% in the third stanza of 2021. Germany
Unemployment
Oct. 2021: 5.4%
Germany’s unemployment rate dropped again in October, falling 10 basis points to 5.4%. Euro Zone
Business and Consumer Sentiment
Oct. 2021: 118.6
The euro zone economic sentiment index increased to 118.6, rising 80 basis points from September to October. Ireland
Retail Sales
Sep. 2021: 0.8% m/m
Irish retail sales excluding motor trades increased marginally by 0.8% m/m in September, following 2% growth in August. Euro Zone
Monetary Policy
Oct. 2021: 0%
The European Central Bank left its policy stance unchanged during its October meeting. Canada
Earnings, Hours and Employment
Aug. 2021: 2.6% y/y
Job growth was relatively sluggish in August but moved in the right direction. United States
Jobless Claims
October 23: 281,000
U.S. initial claims for unemployment insurance benefits declined from 291,000 to 281,000 in the week ended October 23. United States
GDP
2021Q3: 2.0%, q/q, SAAR
U.S. United States
St. Louis Fed Financial Stress Index
October 22: -1.14
Financial stress fell for the second consecutive week, with the St. United States
Pending Home Sales
Sep. 2021: 116.7
The NAR pending home sales index fell 2.3% to 116.7 in September, giving back some of August’s gains, but still remains near its highest level since the start of 2021. United States
Natural Gas Storage Report
October 22: 87 bil cubic feet
Last week’s increase in natural gas stocks roughly matched consensus expectations, indicating that this report will not have too much of an effect on prices. United States
Kansas City Fed Manufacturing Survey
Oct. 2021: 31
Manufacturing activity in the 10th District continues to expand, and growth edged higher this month. South Korea
Industrial Production
Sep. 2021:
South Korea
Retail Sales
Sep. 2021:
Japan
Consumer Price Index
Oct. 2021:
Japan
Employment Situation
Sep. 2021:
Japan
Industrial Production
Sep. 2021:
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