Today's Economy Economic Roundup: New-Home Market Recovers in June U.S. new-home sales bounced back to prepandemic levels. Secured Credit Accommodations in U.S. Are Rising A relationship exists between credit accommodation uptake, labor market stress at the state level. Canada Weekly: Inflation Makes a Comeback Higher supply chain and production costs will continue to push upward on inflation. Europe Daily Briefing: A Good Friday Although the data point to a V-shape recovery, the underlying momentum isn’t so strong. » VIEW MORE TODAY'S ECONOMY
Commentary Europe Weekly Highlights and Preview, 24 July, 2020 Euro zone GDP for the second quarter will be abhorrent. Latin America Weekly Highlights and Preview: July 24, 2020 COVID-19 is worsening unemployment in Brazil and Chile. Asia-Pacific Weekly Highlights and Preview: 24 July, 2020 Deep contraction expected for Hong Kong's Q2 GDP. Roles Start to Reverse for Regional U.S. Economies The Northeast has hit its bottom, but other regions have begun to backtrack. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom Retail Sales Jun. 2020: 13.9% U.K. retail sales surged by an above-consensus 13.9% m/m in June and built on a 12.3% jump in May, which meant that sales are now reading only a meagre 0.6% below their February levels. Russian Federation Monetary Policy Jul. 2020: 4.25% The Central Bank of Russia pushed forward with its rate cutting cycle in July, choosing to slash rates by 25 basis points to 4.25%. Mexico Economic Activity Index May. 2020: -22.7% Economic activity in Mexico reported a severe annual contraction in May. United States New-Home Sales Jun. 2020: 776,000 The new-home market extended its rally in June, returning to precrisis levels. » VIEW MORE ECONOMIC INDICATORS |