| Today's Economy
Final Thoughts Ahead of June Employment We look for U.S. nonfarm employment to have risen 190,000 in June. Italy’s Banks Threaten Europe’s Financial Stability A solution is needed promptly, but a government bailout would go against EC rules. U.S. Banking System Can Weather Britain and Italy Exposure to the U.K. is significant, but there are few signs of dollar funding issues. U.S. June Retail Comes in Below Target The final week of the month shows modest gains in sales over last year. » VIEW MORE TODAY'S ECONOMY
Commentary
Asia-Pacific Economic Preview: 11-15 July China's GDP will slow again. U.K. Decision to Break From the EU Is Helping U.S. Homeowners Refis are climbing and mortgage rates have room to fall. U.S. Chartbook: Dodging a Bullet, for Now Financial markets are weathering the U.K. break from the EU. U.S. Weekly Highlights and Preview, July 1, 2016 June employment should ease fears that the job market has weakened. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
California Manufacturing Survey
2016Q3:
France
Trade balance
May. 2016: -€ 2.8 bil
France's foreign trade deficit contracted to €2.8 billion seasonally adjusted in May after a revised €4.8 billion deficit in the previous month. United Kingdom
Halifax Housing Price Index
Jun. 2016: 8.4%
The U.K. Germany
Industrial Production
May. 2016: -1.3%
German industrial production fell 1.3% m/m in May, following a revised 0.5% increase in April. United Kingdom
Industrial Production
May. 2016: -0.5%
The U.K. industrial production index fell 0.5% m/m in May after a 2.1% rebound in the previous month. United States
Challenger Report
Jun. 2016: 38,536
One of the first indications of June's labor market, the Challenger job cut report, points to continued health. United States
ADP National Employment Report
Jun. 2016: 172,000
The labor market remains on track, but the pace of growth is slowing compared with recent years. United States
Jobless Claims
July 02: 254,000
Swings in initial claims need to be interpreted carefully this time of year because of seasonal adjustment issues surrounding the Fourth of July holiday and the annual retooling by auto manufacturers. Canada
Building Permits
May. 2016: -1.9%
Canadian building permit values weakened following an upwardly revised gain last month. Chile
Foreign Trade
Jun. 2016: -US$32.8 mil
Chile's foreign trade balance reported a deficit of $32.8 million in June, its first deficit in eight months. Mexico
Consumer Price Index
Jun. 2016: 2.54%
Mexico’s inflation remains below the 3% target, although it is feeling some pressures generated by currency depreciation. Canada
Purchasing Managers' Index
Jun. 2016: 51.7
The seasonally adjusted Ivey Purchasing Managers' Index rose to 51.7 in June from 49.4 in May. United States
St. Louis Fed Financial Stress Index
July 01: -0.928
Financial market stress decreased from the prior week as investor fears about the U.K.'s surprise decision to leave the European Union subsided. United States
Natural Gas Storage Report
July 01: 39 bil cubic feet
Natural gas inventories built by less than analysts predicted, which will put upward pressure on prices. United States
Oil Inventories
July 01: 524.4 mil barrels
A drop in crude oil inventories just shy of analyst predictions will put some downward pressure on prices. » VIEW MORE ECONOMIC INDICATORS | 
