Today's Economy Apple Mobility Trends Don’t Fall Far From the Tree Apple's high frequency data prove useful but not perfect for showing changes in U.S. driving. Economic Roundup: What Goes Down, Must Go Up U.S. GDP jumps in the third quarter, but there remains a sizable output gap. Now the Hard Work Begins Reopening the economy and fiscal stimulus juiced Q3 U.S. GDP. Europe Daily Briefing: More of Europe Shuts Down The ECB is seriously considering to expand measures at its November meeting. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Risk Matrix Update: A Contested Election and the Economy Delayed results could increase uncertainty and weigh on financial markets. Spain Outlook: In the Pressure Cooker The economy is poised for the sharpest slowdown since the debt crisis. Could Shifting COVID-19 Footprint Affect the U.S. Election? In-person turnout may be affected as disease overtakes GOP strongholds in battleground states. Changed U.S. Consumer Borrowing Shifts in spending, income and lending standards have changed borrowing patterns substantially. » VIEW MORE COMMENTARY
Today's Economic Indicators
Japan Consumer Confidence Oct. 2020: 33.6 Japan’s consumer confidence index rose marginally by 0.9 point in October to 33.6 from 32.7 in September, the highest since February before the pandemic hit. Japan Monetary Policy Oct. 2020: ¥80 tril. The Bank of Japan kept its monetary settings steady in October. Germany Unemployment Oct. 2020: 6.2% The German unemployment rate fell to 6.2% in October from 6.3% in September. Euro Zone Business and Consumer Sentiment Oct. 2020: 90.9 The euro zone business and consumer sentiment index was unchanged at 90.9 in October. Euro Zone Monetary Policy Oct. 2020: 0.0% As expected, the European Central Bank left its monetary policy unchanged at its October meeting. United States Bankruptcy Filings 2020Q3: -36.6% Personal bankruptcy filings recovered slightly in the third quarter as courts reopened and the benefits of stimulus payments, increased unemployment insurance, and lender forbearance began to fade. United States Jobless Claims October 24: 751,000 U.S. initial claims for unemployment insurance benefits fell 40,000 to 751,000 in the week ended October 24. United States GDP 2020Q3: 33.1% The pandemic has created precedented volatility in U.S. Canada Earnings, Hours and Employment Aug. 2020: 7.9% By August, COVID-19 containment measures were much more relaxed than in the second quarter. Canada Building Permits Sep. 2020: 17.0% Building permits rose sharply in September, yet the data comes with the caution that local governments observed some builders rushing in applications as fears of further lockdowns rise. United States Pending Home Sales Sep. 2020: 130.0 The National Association of Realtors pending home sales index dropped 2.2% to 130 in September, snapping its four-month winning streak, but is still its second-highest level ever. United States St. Louis Fed Financial Stress Index October 23: -0.28 The St. United States Natural Gas Storage Report October 23: 35 bil cubic feet The rise in natural gas stocks was slightly under analyst predictions, suggesting that this report will have a small positive effect on gas prices. South Korea Retail Sales Sep. 2020: Japan Employment Situation Sep. 2020: Japan Industrial Production Sep. 2020: China Manufacturing PMI Oct. 2020: » VIEW MORE ECONOMIC INDICATORS |