| Today's Economy
Economic Roundup: Awaiting Claims Thursday will deliver the latest data on weekly UI claims. We expect a modest rise from 229,000 to 235,000. Europe Daily Briefing: Commission President Calls for Budget Reform The proposal to reform the EU's budget reflects a desire for more industrial policy. Asia-Pacific Daily Briefing: Tariffs Knock Japanese Exports The next round of trade talks with the U.S. is imminent. New Zealand Budget Preview: Trade War Calculations A weaker outlook will challenge the budget. » VIEW MORE TODAY'S ECONOMY
Commentary
Taiwan Risk Matrix: Weathering the Storm Taiwan has dangled carrots to avoid a 32% U.S. tariff. Global Outlook: From Tariffs to Deals The détente with China is welcome, but tariffs are here to stay. Japan Risk Matrix: Uncertainty Abounds Geopolitical rifts, trade tensions, and possible supply-chain disruptions top Japan's risks. U.S. Chartbook: The Calm Before the Storm Consumer price inflation is nearing the Fed’s target, but recent data do not capture the impact of tariffs. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom
Consumer Price Index
Apr. 2025: 3.5% y/y
Consumer price inflation was 3.5% in April, up from 2.6% in March. Indonesia
Monetary Policy
May. 2025: 5.50%
Bank Indonesia cut its benchmark BI rate to 5.5% at its May meeting. United States
MBA Mortgage Applications Survey
May 16: -5.1%
Mortgage activity retreated across the board last week, with the Mortgage Bankers Association’s composite index of mortgage applications declining 5.1% in the week ending May 16. Mexico
Retail & Wholesale Sales
Mar. 2025: 4.3% y/y
Retail consumption reported an annual gain in March, mainly because of the Easter timing effect that added more working days in the month compared with March 2024. Canada
New Housing Price Index
Apr. 2025: -0.6% y/y
Canada's housing market, which showed signs of recovery late last year, has pulled back again. United States
Regional and State Employment
Apr. 2025:
April’s regional and state employment report reaffirms the relative strength of the labor market but hints at potential trouble to come. United States
Oil Inventories
May 16: 443.2 mil barrels
Commercial crude oil inventories rose by 1.3 million barrels in the week ended May 16 after the consensus forecast a decline of 800,000 barrels. Argentina
Economic Activity Indicator
Mar. 2025: 5.6% y/y
The statistics office’s monthly economic output index (a proxy for GDP) increased 5.6% year on year in March after 6% in the previous month. Japan
Machinery Orders
Mar. 2025:
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