Key data releases this week include: NFIB small business optimism (Tue), PPI (Tue), CPI (Wed), retail sales (Wed), FOMC meeting announcement (Wed), industrial production (Thu), housing starts (Fri), and consumer sentiment (Fri).
Haver
June 5, 2017
The National Association for Business Economics expects 2.4% real U.S. economic growth in 2018, revised slightly from the earlier expectation of 2.5% growth. These follow expected growth of 2.2% this year, revised from 2.3%.
Bloomberg
June 6, 2017
US household borrowing has hit a record $12.73 trillion, and the proportion that is overdue has climbed for two quarters. Banks are raising standards for auto loans, and credit card companies are increasing reserves for potential loan losses.
Reuters
June 8, 2017
Politico Pro
Thursday, June 8, 2017
Eurostat revised up its estimate of the eurozone's first-quarter year-on-year economic growth to 1.9% from 1.7%, its fastest rate in two years. That puts the eurozone's annualized growth rate at 2.3%, almost twice the US rate of 1.2%.
Bloomberg
June 12, 2017
Italy’s opposition Five Star Movement suffered heavy setbacks in local elections on Sunday, dimming the party’s prospects of leading the national government after parliamentary elections next year. Five Star, led by former comedian Beppe Grillo, failed to make it to the second round of voting in Genoa, Palermo, Parma and Verona, according to projections.
France 24
June 12, 2017
Results of the first round of France's parliamentary election indicate the party of President Emmanuel Macron will hold 415 to 445 seats in the 577-seat National Assembly. That would be the biggest landslide since World War II ended.
Bloomberg
June 5, 2017
IHS Markit's composite purchasing managers' index remained unchanged in May from April, and shows that eurozone growth in manufacturing and services kept expanding at its fastest clip in six years, powered mainly by stronger performances from France and Germany, as well as Italy and Spain.
The Japan News by Yomiuri Shimbun/Jiji Press
June 7, 2017
Japan's broad index measuring economic activity rose to a nine-year high, the Cabinet Office said. Surging auto production for domestic sales and manufacturing of electronic parts for export were key drivers of the index's first gain in two months.
Deutsche Welle/Agence France-Presse/Reuters
June 5, 2017
Financial Times
Sunday, June 4, 2017
The economy worldwide is on track to expand 2.7% this year and 2.9% over the next two years, despite growing support for protectionism, mostly from the US, the World Bank said. It notes that the principal drivers will be the seven biggest emerging-market economies: Brazil, China, India, Indonesia, Mexico, Russia and Turkey.
Reuters
June 12, 2017
Investors are starting to doubt whether the Federal Reserve will increase interest rates three times this year because data show US inflation is surprisingly weak. The shift in attitude is injecting life into the bond market.

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