Today's Economy Improvement Seen in New-Home Sales—if You Squint Lower U.S. mortgage rates are providing a small lift. Europe Daily Briefing: Euro Zone Core Still Under Duress The ECB will stand pat in July but may cut rates in September. Asia-Pacific Daily Briefing: Hot Tempers Add to Asia's Fragility Hong Kong protests, the trade war, and the dispute between Japan and S. Korea are all worrying. Bond-Yield Plunge Sparks July-to-Date’s Surge by Corporate Bond Issuance Corporate bonds advanced by 21% year over year during the first 23 days of July. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Federal Fiscal Risks Abate Congress is set to avert automatic cuts to the federal budget and address the debt limit on time. U.S. Regional Outlook: A Widening Gap Service exports highlight differences between large and small economies. U.S. Chartbook: Just a Little Juice The Fed will likely cut interest rates by a quarter point as businesses eye global risks. U.S. Weekly Highlights and Preview, July 19, 2019 New-home sales likely edged higher in June. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States MBA Mortgage Applications Survey July 19: -1.9% In the week of July 19, the top-line index moved down 1.9%, with falls in purchases and refinancing. United States Bankruptcy Filings 2019Q2: United States Business Employment Dynamics 2018Q4: 7.7 mil During the fourth quarter of 2018, a near universal count of private employment data reveals that U.S. net job gains surged to 814,000 from just 27,000 in the prior quarter. United States New-Home Sales Jun. 2019: 646,000 New single-family home sales made good gains in June. United States Oil Inventories July 19: 445.0 mil barrels A huge decline in oil inventories will put upward pressure on oil prices. South Korea GDP 2019Q2: » VIEW MORE ECONOMIC INDICATORS |