Today's Economy LatAm Daily Briefing: Dr. Copper Detects a Heartbeat The red metal is poised for gains as manufacturers draw down inventories and producers quickly run into supply constraints. Europe Daily Briefing: U.K. Crashes Into Deepest Recession Ever No sector of the economy was left unscathed. High-Cost U.S. Cities See Apartment Rents Collapse An exodus of demand during the pandemic has landlords cutting prices in the densest, most expensive markets. Asia-Pacific Daily Briefing: South Korea Expands 'New Deal' to Create Jobs The jobless rate inched down in July, but the COVID-19 threat remains. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Risk Matrix Update: New Deadline for a Coronavirus Package There is a good chance incoming economic data between now and Labor Day will worsen. COVID-19 and the Higher Education Quandary The pandemic in combination with potential financial distress has left universities scrambling. U.S. Weekly Highlights and Preview, August 10, 2020 The consumer price index likely rose 0.4% in July, a touch stronger than the consensus. U.S. Chartbook: A Precarious Recovery New data signal a recovery is slowing its pace. » VIEW MORE COMMENTARY
Today's Economic Indicators
China Monetary Aggregates Jul. 2020: 10.7% United Kingdom Monthly GDP Jun. 2020: 8.7% U.K. United Kingdom GDP - Quarterly 2020Q2: -20.4% Preliminary numbers confirmed that the COVID-19 crisis brought the U.K. economy to its knees. Italy Consumer Price Index Jul. 2020: -0.4% Italy's headline consumer price index fell 0.4% y/y in July, below preliminary estimates. Euro Zone Industrial Production Jun. 2020: 9.1% Euro zone industrial production rose by a sharp 9.1% m/m in June and built on a 12.3% increase in May, though it is still reading 11.4% below February’s levels. United States MBA Mortgage Applications Survey August 07: 6.8% Mortgage applications rose 6.8% over the week of August 7, after a 5.1% decrease in the previous week. Brazil Retail Sales Index Jun. 2020: 0.6% Retail stores reported growth in annual and monthly terms as some activities started operations. United States Consumer Price Index Jul. 2020: 0.6% The bounce in U.S. consumer prices over the past couple of months won’t raise any red flags for the Federal Reserve. United States NAR Metro Prices 2020Q2: 4.2% The national median single-family house price rose 4.2% y/y during the second quarter despite the COVID-19 pandemic shuttering large parts of the economy. United States Moody’s Analytics Policy Uncertainty Index August 07: 219.1 The four-week moving average in our U.S. policy uncertainty index slipped from 220.2 to 219.1 in the week ended August 7. United States Oil Inventories August 07: 514.1 mil barrels A larger-than-expected decline in oil inventories will put upward pressure on oil prices. United States Treasury Budget Jul. 2020: -$63.0 bil The federal budget balance is gushing red ink. Australia Employment Situation Jul. 2020: » VIEW MORE ECONOMIC INDICATORS |