Today's Economy LatAm Daily Briefing: Commodity Market Uncertainty The Trump administration’s policies will create volatility in commodity prices. Europe Daily Briefing: Another Decline in Producer Prices Outside the energy segment, we are seeing a steady increase in cost pressures. South Korea on Edge After Overnight Martial Law Drama The economic implications are limited for now, but political change could be on the horizon. Asia-Pacific Daily Briefing: Aussie Economy Stuck in First Gear Government spending drove 0.3% q/q GDP growth. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Chartbook: Another Cut on the Horizon Recent data give the Fed confidence to trim interest rates again this month. Euro Zone Risk Matrix: Global Trade Tensions In one scenario we are considering, the U.S. erects high trade barriers with China that cause China to dump goods in the European Union. Trump’s Golden Roller Coaster The U.S. president-elect's second term will bring higher volatility to global commodities markets. Japan’s Latest Fiscal Package Isn’t Worth Losing Sleep Over Fresh fiscal spending is a fraction of what the government has promised. » VIEW MORE COMMENTARY
Today's Economic Indicators
Austria GDP 2024Q3: -0.1% q/q Austrian GDP contracted 0.1% q/q in the third quarter, following a 0.2% contraction in the second. Brazil Industrial Production Oct. 2024: 4.2% y/y Brazil’s industrial expansion continued in October, propelled by the manufacturing recovery and infrastructure construction. United States MBA Mortgage Applications Survey November 29: 2.8% Mortgage activity expanded consistently throughout November. United States Vehicle Sales - BEA Nov. 2024: 16.5 mil, SAAR U.S. new-vehicle sales moved higher again in November. United States Factory Orders (M3) Oct. 2024: 0.2% m/m U.S. factory orders rose solidly in October. United States ISM Nonmanufacturing Index Nov. 2024: 52.1 The U.S. service sector expanded again in November. United States Oil Inventories November 29: 423.4 mil barrels Oil inventories dropped by 5.1 million barrels in the week ended November 29, beating analyst predictions of a draw of 2.1 million barrels. Uruguay Consumer Price Index Nov. 2024: 5.03% y/y Annual inflation in Uruguay remained at 5% year on year in November, the same as the previous month. United States Beige Book Dec. 2024: The U.S. economy advanced slightly on balance from mid-October to late November, according to the Federal Reserve’s December Beige Book. Australia Foreign Trade Oct. 2024: Philippines Consumer Price Index Nov. 2024: » VIEW MORE ECONOMIC INDICATORS |