Today's Economy Economic Roundup: What a Contested Election Could Mean Uncertainty would spike, confidence would drop, and the economy would suffer. LatAm Daily Briefing: Bolivia's Elections Deliver a Decisive Win Luis Arce's sweep harkens a return to nationalist policies championed by ex-President Evo Morales. Europe Daily Briefing: U.K. Inflation Picks Up in September Core inflation spiked during the month, but it doesn't mean a turnaround in the U.K.'s recovery. Asia-Pacific Daily Briefing: South Korea's Exports on the Mend The rising infections curve could derail further gains. » VIEW MORE TODAY'S ECONOMY
Commentary More Infections, Weaker Economy Higher U.S. COVID-19 infections are statistically linked with weaker labor market outcomes. Tight U.S. Labor Markets Lifted All Consumers Groups which historically struggle did particularly well between 2016 and 2019. Euro Zone Risk Matrix Update: The Second Wave A surge in COVID infections will prompt new but lighter lockdown measures. Global Outlook: Politics and Policy at the Forefront Recovery will be determined by how effective governments are at managing the crisis. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom Consumer Price Index Sep. 2020: 0.5% U.K. United States MBA Mortgage Applications Survey October 16: -0.6% Mortgage applications slid by 0.6% over the week of October 16, adding to the 0.7% decrease the previous week. Canada Consumer Price Index Sep. 2020: 0.5% Consumer price inflation accelerated slightly in September, but price pressures remain weak. Canada New Housing Price Index Sep. 2020: 3.2% Canada's real estate market is defying gravity as low interest rates for mortgages, changing buyer preferences, and higher building material costs have helped lead to another month of house price appreciation. Canada Retail Trade Aug. 2020: 0.4% Canadian retail sales have settled at a sustainable pace. Russian Federation Retail Sales Sep. 2020: -3.0% Russian retail moved in the wrong direction in September. United States Oil Inventories October 16: 488.1 mil barrels A slightly smaller than expected drop in oil inventories will put minimal downward pressure on oil prices. United States Beige Book Oct. 2020: The Federal Reserve’s October Beige Book indicates that the economy recovered further between late August and early October, though the pace of growth appeared to slow. China Industrial Production Sep. 2020: The recovery of China’s industrial production accelerated in September, posting a new high of 6.9% y/y following a 5.6% rise in August, far exceeding market expectations. » VIEW MORE ECONOMIC INDICATORS |