Economy Watch

Inflation expectations rise in the US but consumer spending intentions drop. Canada housing starts fall. China bond defaults spread. The Americans kill the WTO dispute resolution process.

China posts improving trade data, holds reserves stable. US jobs and sentiment robust. Canada employment contracts. Australia construction contracts faster. The NZD rises in value.

Air travel still growing even if more slowly. US durable goods orders shrink.

Eyes on non-farm payrolls report. The OECD says tax levels are stable globally but in New Zealand they are rising.

Air cargo volumes are in retreat as US jobs growth slows very sharply. US service sector cools. Canada hold its official interest rate at 1.75%. The US balks at BEPS reforms. Australian GDP growth low.

Washington offends more allies today, this time NATO and the EU. Equities sink. The US-China trade deal looks more unlikely. China's debt problems grow. OECD PISA education levels drop. Dairy prices slip.

Wall Street is sharply lower on weakening US data and new US tariffs. But the global factory situation is improving, especially in China. Japan reported sharply lower car sales. In Australia, most data was very negative.

China reported improved factory and services expansion even as global growth steps lower. Many major countries like the US, Canada, Japan, Germany and India all report lower growth. Analysts expect Chinese growth to fall as well. Australia sees weak debt growth. New Zealand starts new infrastructure projects to keep growth alive.

American retailers eye holiday sales prospects nervously. OECD trade volumes weaken. Mexico cuts growth outlook. Japanese retail sales plunge. World food prices rise sharply. Aussie capex shrinks.

American growth revised up marginally, but household income growth stalls in October. US durable goods orders lower than a year ago. China profits fall and new stimulus is announced. Equity markets rise modestly. Australian construction activity falls sharply.

US data mixed with confidence falling, new house sales rising, and trade shrinking. The Richmond Fed factory survey turned negative. NY Fed economists point out all the US tariffs have been paid for by Americans. China likes trade talk progress. China's coal ambitions causing alarm. Austrlian confidence falling.