Today's Economy Economic Roundup: Reassessing the Odds of a Trade War Though the odds of a trade war are low, the potential economic impact is significant. U.S. Sanctions Could Hit Russia Where It Hurts The finance ministry called off a bond auction, citing heightened volatility. Europe Daily Briefing: A Feeble Start for Euro Zone Factories Even if production rebounds sharply in March, it would still fall over the first quarter as a whole. Asia-Pacific Daily Briefing: Bank of Korea's Holding Pattern Inflation is subdued, but the labour market has deteriorated in recent months. » VIEW MORE TODAY'S ECONOMY
Commentary Down the Rabbit Hole: An Update President Trump is following through on his campaign promises. Ireland Outlook: Brexit Looms Over a Stellar Rebound The labor market is on track to mount a full recovery over the next few quarters. Venezuela Outlook: Hyperinflation Sets In Social tensions build amid an economic depression. A Game With No Winners: Effects of Tariffs at the U.S. Regional Level Global trade tensions are high and jitters will remain until trade agreements are finalized. » VIEW MORE COMMENTARY
Today's Economic Indicators
South Korea Monetary Policy Apr. 2018: 1.5% As expected, the Bank of Korea kept its key policy rate unchanged at 1.5% at its April meeting. France Consumer Price Index Mar. 2018: 1.7% France's annual harmonised inflation printed at 1.7% in March. Brazil Retail Sales Index Feb. 2018: 1.3% B Euro Zone Industrial Production Feb. 2018: -0.8% Falling short of our expectations, euro zone industrial production fell by 0.8% m/m in February, though some good news came from the fact that January’s decline was revised up to 0.6%, from 1% previously. India Consumer Price Index Mar. 2018: 4.3% India Industrial Production Feb. 2018: 7.1% Canada New Housing Price Index Feb. 2018: 2.6% New-home prices are retreating. United States Jobless Claims April 07: 233,000 Initial claims for unemployment insurance benefits provide further confirmation of a healthy labor market. United States Import and Export Prices Mar. 2018: 0.0% The weakness in U.S. import prices in March will be temporary as rising oil prices and steel/aluminum tariffs will boost prices over the next couple of months. United States St. Louis Fed Financial Stress Index April 06: -0.90 Financial market stress tightened for the third straight week as trade tensions between the U.S. and China escalated. United States Natural Gas Storage Report April 06: -19 bil cubic feet Natural gas inventories fell more than industry analysts had expected, which will put upward pressure on natural gas prices. Singapore GDP - Advanced 2018Q1: China Monetary Aggregates Mar. 2018: China Foreign Trade Mar. 2018: Mexico Monetary Policy Apr. 2018: 7.50% Mexico’s central bank kept monetary conditions on hold in April, as the peso recovered some ground and inflation declined. India Foreign Trade Mar. 2018: Argentina Consumer Price Index Mar. 2018: 25.6% The statistics office’s consumer price index for the Buenos Aires metro area increased 2.5% in March, after 2.6% in February and 2.4% a year earlier. United States CreditForecast.com Household Credit Report Mar. 2018: 3.62% Total U.S. household borrowing decreased for the first time since May 2016, contracting by $14 billion in March. » VIEW MORE ECONOMIC INDICATORS |