| Today's Economy
Economic Roundup: Markets Up, Jobless Claims Down U.S. equity markets popped Thursday, and jobless claims fell to their lowest level since May. LatAm Daily Briefing: Brazil’s Economy Firing on All Cylinders A solid second-quarter recovery bodes well for the rest of this year and into 2025. Europe Daily Briefing: Bank of England Stays the Course Central bankers in London and Oslo paused; rain and car registrations fell in much of the EU. Asia-Pacific Daily Briefing: A Step Back for Kiwi Economy GDP fell 0.2% in the June quarter from the March quarter. » VIEW MORE TODAY'S ECONOMY
Commentary
Euro Zone Risk Matrix: Factories Wait for Orders PMIs and the EU’s Economic Sentiment Indicator reported dismal sentiment among manufacturers as they pulled back on capacity utilization. OZ Holds, NZ Folds: Cross-Tasman Mashup Australians are wondering when the RBA will join the cutting party. U.K. Housing Market Report 2024Q3 As mortgage rates fall, sentiment in the housing market is reviving, but with affordability still worse than usual, the outlook for price growth and activity remains subdued. Boeing Strike Spells Modest Economic Turbulence The walkout by more than 33,000 workers could lead to meaningfully slower growth for the Puget Sound region. » VIEW MORE COMMENTARY
Today's Economic Indicators
Malaysia
Foreign Trade
Aug. 2024: MYR5.7 bil
Malaysia’s trade surplus fell to MYR5.7 billion in August from MYR6.4 billion in July. Norway
Monetary Policy
Sep. 2024: 4.5%
The Norges Bank did not deviate from its current position at its meeting on Wednesday. The monetary policy committee voted unanimously to keep rates steady at 4.5%. While inflation has significantly dropped from its peak, core inflation hasn't decreased as much. Hong Kong SAR (China)
Employment Situation
Aug. 2024: 3%
Hong Kong’s seasonally adjusted unemployment rate remained at 3% for the June-to-August period, marking the sixth straight three-month period that the indicator has remained unchanged. United Kingdom
Monetary Policy and Minutes
Sep. 2024: 5%
At the September meeting, the Bank of England kept the policy rate unchanged at 5%, in line with our baseline, the consensus forecast, and financial market expectations. United States
Philadelphia Fed Survey
Sep. 2024: 1.7
September’s Manufacturing Business Outlook Survey from the Philly Fed was mixed. United States
Current Account
2024Q2: -$266.8 bil
The U.S. current-account deficit widened more than expected in the second quarter, increasing by $25.8 billion to $266.8 billion (3.7% of GDP). United States
Jobless Claims
September 14: 219,000
U.S. initial claims for unemployment insurance continue to signal labor market strength. United States
Existing-Home Sales
Aug. 2024: 3.86 mil, SAAR
Existing-home sales fell in August by 2.5% to a seasonally adjusted annual rate of 3.86 million, roughly in line with consensus expectations of 3.9 million. United States
St. Louis Fed Financial Stress Index
September 13: -0.30
U.S. financial market stress rose to -0.30 in the week ended September 13, according to the St. United States
Conference Board Leading Indicators
Aug. 2024: -0.2%
The Conference Board Leading Economic Index continued its months-long decline in August. United States
Natural Gas Storage Report
September 13: 58 bil cubic feet
Natural gas inventories rose by 58 billion cubic feet last week, slightly less than expected. Argentina
Employment Situation
2024Q2: 7.6% Unemployment
Argentina’s labor market deteriorated in the second quarter amid the recession. Japan
Consumer Price Index
Aug. 2024:
China
Monetary Policy
Sep. 2024:
Japan
Monetary Policy
Sep. 2024:
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