| Today's Economy
Final Thoughts Ahead of June U.S. Employment We look for a 200,000 gain, but risks are weighted toward the downside. Asia-Pacific Daily Briefing: Don't Worry About Malaysia's Exports Base effects are behind the sharp cooling in annual export and import growth in May. Europe Daily Briefing: June PMIs Bring Respite They indicate that growth should accelerate to 0.5% q/q in the second quarter. Asia-Pacific Daily Briefing: Australian Retailers Enjoyed Weather Lift A late start to winter helped headline retail trade in April and May. » VIEW MORE TODAY'S ECONOMY
Commentary
Detour Ahead for U.S. Infrastructure As a share of GDP, government investment in everything from roads to schools to power lines sits at its lowest level on record. Asia-Pacific Weekly Highlights and Preview: 6 July, 2018 China's trade data for June will be heavily scrutinized, given the tensions with the U.S. One Belt One Road in Southeast Asia The region has not wholeheartedly embraced OBOR, despite its need for infrastructure investment. U.S. State and Local Outlook: Still Making Hard Choices New municipal bond rules are well-timed and should increase demand for investment-grade municipal bonds. » VIEW MORE COMMENTARY
Today's Economic Indicators
Malaysia
Foreign Trade
May. 2018: MYR8.1 bil
Malaysia's trade surplus narrowed to MYR8.1 billion in May, after a MYR13 billion surplus in April. Spain
Industrial Production
May. 2018: 0.9%
Taiwan (Province of China)
Consumer Price Index
Jun. 2018: 1.3%
Headline consumer price inflation in Taiwan cooled in June, to 1.3% y/y from 1.6% in the prior month. United States
Challenger Report
Jun. 2018: 37,202
Employers announced job cuts totaling 37,202 in June. United States
ADP National Employment Report
Jun. 2018: 177,000
The labor market keeps chugging along, well into its eighth consecutive year of job gains. Chile
Monthly Economic Activity Indicator
May. 2018: 4.9%
Chile’s economic activity advanced, although with some moderation. United States
Jobless Claims
June 30: 231,000
Despite edging higher in the week ended June 30, new filings are indicative of a tightening labor market. United States
Financial Obligations Ratio
2018Q1: 15.75%
Household financial burdens are low but trending higher despite the first quarter decline resulting from surging incomes. United States
St. Louis Fed Financial Stress Index
June 29: -1.08
Financial conditions tightened again last week behind growing trade uncertainty. United States
ISM Nonmanufacturing Index
Jun. 2018: 59.1
The ISM nonmanufacturing index came in better than expected in June, with the composite index increasing from 58.6 to 59.1. United States
Oil Inventories
June 29: 417.9 mil barrels
An unexpected increase in oil inventories will put downward pressure on oil prices. United States
FOMC Minutes
Jun. 2018:
The minutes from the Federal Open Market Committee’s June meeting showed the central bank is very upbeat about the health of the economy but is concerned about trade tensions, more so than the flattening in the yield curve. Colombia
Consumer Price Index
Jun. 2018:
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