| Today's Economy
Economic Roundup: September Jobs Report Incoming We look for 165,000 jobs to have been added to the U.S. economy in September. Game(s) Over Post-Olympics, the euro zone PMIs are revealing how weak demand really is. Europe's Currency Conundrum The pound and euro are under pressure as the BoE and ECB get ready for further interest rate cuts. France Outlines Plan to Rein in Deficit Prime Minister Michel Barnier vows €60 billion in deficit reduction measures next year. » VIEW MORE TODAY'S ECONOMY
Commentary
Europe Chartbook: Lower Inflation Opens Door to October Cut Inflation fell in September, and sentiment weakened too. Dockworker Strike May Affect the U.S. Election VP Harris is stuck between a rock and a hard place in her fight for the union vote in the presidential race. U.S. Dockworker Strike Costs Will Mount The toll could reach $2 billion daily. A Good Euro Zone Inflation Print Changes the Outlook Core prices declined in September, suggesting strong disinflation this fall and paving the way for an interest rate cut this month from the ECB. » VIEW MORE COMMENTARY
Today's Economic Indicators
Switzerland
Consumer Price Index
Sep. 2024: 0.8%
Switzerland’s CPI inflation rate slowed again in September, down to 0.8% y/y from 1.1% in the previous month. Hong Kong SAR (China)
Retail Sales
Aug. 2024: -10.1% y/y
Hong Kong’s retail sales fell 10.1% year over year in value terms in August, close to our expectations of a 10.2% drop. United States
Challenger Report
Sep. 2024: 72,821
A testament to the ongoing stability of the labor market, layoffs held steady in September and remain low overall. United States
Jobless Claims
September 28: 225,000
U.S. initial jobless claims are holding low. United States
Factory Orders (M3)
Aug. 2024: -0.2% m/m
In line with expectations, U.S. factory orders fell 0.2% in August. United States
St. Louis Fed Financial Stress Index
September 27: -0.39
U.S. financial market stress increased slightly to -0.39 in the week ended September 27, according to the St. United States
ISM Nonmanufacturing Index
Sep. 2024: 54.9
The U.S. service sector remains on solid ground. United States
Natural Gas Storage Report
September 27: 55 bil cubic feet
The rise in natural gas stocks last week closely matched analyst expectations. Uruguay
Consumer Price Index
Sep. 2024: 5.3% y/y
Annual inflation in Uruguay slowed slightly in September to 5.3% y/y, down from 5.6% in August. Philippines
Consumer Price Index
Sep. 2024:
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