| Today's Economy
Economic Roundup: Prices Remain Center Stage A modest slowing in U.S. used-vehicle prices will relieve some inflationary pressure. LatAm Daily Briefing: Uruguay's Labor Market Stagnates Effective working hours have fallen, and more people are working remotely. Europe Daily Briefing: Awaiting Thursday’s ECB Meeting We do not expect the bank to change monetary policy at its meeting. Capital Market View: Cost Push or Demand Pull? The U.S. is in the midst of cost-push inflation and that historically is temporary. » VIEW MORE TODAY'S ECONOMY
Commentary
A Tough Squeeze for the Orange For a representative portfolio of Dutch mortgages, we test the potential impact of additional stress due to the COVID-19 pandemic. Global Vaccine Tracker: Timelines to Herd Resilience The pandemic will weigh heavily on emerging market economies, and the gap with booming developed market economies will widen. U.S. Chartbook: Growing Pains May’s weaker-than-consensus job number was an improvement on April but reflected several frictions in the economy. U.S. Weekly Highlights and Preview, June 7, 2021 The reopening of the economy is going to boost the CPI. » VIEW MORE COMMENTARY
Today's Economic Indicators
Norway
GDP
2021Q1: -0.6%
Detailed estimates of Norway’s first quarter GDP revealed a contraction of 0.6% q/q, reversing the previous quarter’s 0.6% gain. United States
MBA Mortgage Applications Survey
June 04: -3.1%
Mortgage applications declined 3.1% in the week of June 4 following a 4% reduction the week before. Mexico
Consumer Price Index
May. 2021: 5.89% y/y
Annual inflation in Mexico moderated in May, after a steady rebound in the previous months. Brazil
Consumer Price Index
May. 2021: 8.06% y/y
Brazil’s inflation continued to escalate fast and well above the upper limit in May, as prices continued to realign. United States
Wholesale Trade (MWTR)
Apr. 2021: 0.8% m/m
In line with expectations, wholesale inventories expanded 0.8% in April, following a downwardly revised 1.2% increase in March. United States
Moody’s Analytics Policy Uncertainty Index
June 04:
Canada
Monetary Policy
Jun. 2021: 0.25%
As expected, the Bank of Canada opted to hold its overnight rate at 0.25%, its effective lower bound. United States
Oil Inventories
June 04: 474.0 mil barrels
A larger than expected decline in crude oil stocks should push up on prices. » VIEW MORE ECONOMIC INDICATORS |
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