| Today's Economy
Economic Roundup: Looking in the Rearview Mirror Q1 GDP is behind us, and the economy has clearly picked up since. Favorable Details in Revisions to Q1 U.S. GDP Less inventory build sets up better for the second quarter, while GDI gets a bump in the first. Europe Daily Briefing: Euro Zone Sentiment Dips The sharp rise in France and Italy was the standout detail in the European Commission's gauge. Higher VIX and Wider Baa Spread Warn of Wider High-Yield Spread The high-yield spread still remains well under its post-September 2003 median. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Federal Outlook: CBO Highlights the Good, Bad and Ugly of New Tax Law Long-run prospects for the budget have improved slightly, but remain bleak. U.S. Online Tax Ruling Unlikely to Slow E-Commerce For big internet retailers, the impact will be limited, unless it drives out smaller online-only retailers. U.S. Housing Outlook: Signs of Leveling Out A shortage of listings is the culprit behind the tight market. Australia Housing Outlook: A Cooling, but Not a Slump The market is in the midst of a regulatory-driven slowdown in some parts. » VIEW MORE COMMENTARY
Today's Economic Indicators
Spain
Retail Sales
May. 2018: -0.1%
Retail sales disappointed again in May, shedding 0.1% m/m in seasonally adjusted terms and building on a downwardly revised 0.4% decline in April. Euro Zone
Business and Consumer Sentiment
Jun. 2018: 112.3
The euro zone's economic confidence indicator slipped marginally to 112.3 in June, from 112.5 in May, but remains above the consensus at 112. Canada
Earnings, Hours and Employment
Apr. 2018: 2.5%
The Canadian labor market paused in April but remains healthy. United States
Jobless Claims
June 23: 227,000
Consistent with other indicators, jobless claims confirm the strength of the labor market. United States
GDP
2018Q1: 2.0%
U.S. United States
St. Louis Fed Financial Stress Index
June 22: -1.14
Fears of a looming trade war are causing financial conditions to tighten. United States
Natural Gas Storage Report
June 22: 66 bil cubic feet
The increase in natural gas stocks was slightly below analyst expectations, which will apply modest upward pressure on prices. United States
Kansas City Fed Manufacturing Survey
Jun. 2018: 28
Manufacturing is doing very well in the Kansas City Federal Reserve District. United States
Agricultural Prices
May. 2018: 1.7%
Agricultural prices rose 1.7% in May thanks to increases in both the crop production index and the livestock production index. South Korea
Retail Sales
May. 2018:
United Kingdom
Consumer Confidence
Jun. 2018:
Japan
Employment Situation
May. 2018:
Japan
Industrial Production
May. 2018:
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