| Today's Economy
Economic Roundup: Drama in Georgia It's possible that we may not know the makeup of the Senate until January. LatAm Daily Briefing: Second Wave Could Derail Recovery A COVID-19 resurgence would prompt countries to impose new lockdown measures in upcoming weeks and months. Final Thoughts Ahead of October U.S. Employment We look for a 375,000 increase as the labor market's recovery slows. Australia-China Trade Strains Beijing is rumoured to consider new restrictions on a wide range of Aussie merchandise exports. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Regional COVID-19 Exposure Update Structural factors and virus prevalence are now negatively correlated. This Week in the COVID Crisis On the other side of the next president’s inauguration, the economy’s performance depends critically on who wins and by how much. Final Thoughts Ahead of 2020 U.S. Presidential Election Former Vice President Biden will win the White House, with Pennsylvania as the decider. U.S. Chartbook: Third Quarter Solid Rebound Roughly 75% of the U.S. GDP decline in the second quarter was reversed. » VIEW MORE COMMENTARY
Today's Economic Indicators
Euro Zone
Retail Sales
Sep. 2020: -2.0%
Euro zone sales fell by 2% in September following August’s 4.2% jump. United States
Challenger Report
Oct. 2020: 80,666
The Challenger Report for October shows that layoffs tapered off somewhat, but the data offer no reason to think the labor market has turned a corner. United Kingdom
Monetary Policy and Minutes
Nov. 2020: 0.1%
The Bank of England stood pat in November, despite increased speculation it would introduce negative interest rates. United States
Jobless Claims
October 31: 751,000
U.S. initial claims for unemployment insurance declined slightly from the prior week to 751,000, just shy of our forecast for 760,000 new claims. United States
Productivity and Costs
2020Q3: 4.9%
After a record setting second quarter, U.S. productivity growth moderated in the third quarter but was still among the largest gains since 2009. United States
St. Louis Fed Financial Stress Index
October 30: 0.10
The St. United States
Natural Gas Storage Report
October 30: -36 bil cubic feet
The first decline in gas stocks for the season, slightly beating out analyst predictions, will be a plus for gas prices. United States
FOMC Monetary Policy
Nov. 2020: 0% to 0.25%
If the Federal Open Market Committee didn't want to rock the boat this week, it was successful. Argentina
Industrial Production - Advance
Sep. 2020: 3.4%
Industrial output increased 3.4% y/y in September (NSA), the first annual gain since December. Colombia
Consumer Price Index
Oct. 2020:
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