| Today's Economy
Capital Market View: A Resilient Bull Run The forecast is still for equity prices to gradually decline. Geopolitical Risk Calendar: Defence Pact May Affect U.S.-China Relations The agreement between the U.S., the U.K. and Australia changes the security landscape. Electric Vehicles Boost China’s Car Exports Several factors point to the great growth potential of the domestic market. Canada Weekly: Housing Replacements Buyer fatigue brings an end to Canada’s pandemic-induced housing frenzy. » VIEW MORE TODAY'S ECONOMY
Commentary
Latin America Weekly Highlights and Preview, September 17, 2021 Argentina deals with inflation while Peru faces labor woes and a government showdown. U.S. COVID-19 Tracker Update: School's Out A return to remote learning will delay the recovery in labor force participation. Delta and the Chip Shortage The short-term prognosis for resupplying the world with semiconductors is grim. Europe Weekly Highlights and Preview, 17 September, 2021 We expect no surprise from the coming Bank of England policy meeting. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom
Retail Sales
Aug. 2021: -1.0% m/m
U.K. retail sales slumped by 1% m/m in August, deepening July’s 2.8% decline. Euro Zone
Consumer Price Index
Aug. 2021: 3.0% y/y
The euro zone’s Harmonized Index of Consumer Prices increased by 3% y/y in August after rising by 2.2% in July. Austria
Consumer Price Index
Aug. 2021: 3.1% y/y
Austria’s inflation rate accelerated to 3.1% y/y in August from 2.9% y/y in July. United States
Moody’s Analytics & CNN Business Back-to-Normal Index
September 15: 88.5
The Moody’s Analytics & CNN Business Back-to-Normal Index took a sizable step backward this week. United States
University of Michigan Consumer Sentiment Survey
Sep. 2021: 71.0
The combination of the jump in COVID-19 cases and the temporary acceleration in inflation has taken a severe toll on consumer sentiment, according to the University of Michigan’s sentiment index. United States
State and Local Government Tax Revenue
2021Q2: 56.4% y/y
State tax collections were up 56.4% year over year in the second quarter of 2021, a reflection of last spring’s COVID-19 slump and strong fundamentals this year. United States
Regional and State Employment
Aug. 2021:
The August employment report for state and regional economies disappointed. » VIEW MORE ECONOMIC INDICATORS | 
