Global
Global
Real Gross Domestic Product
Real gross domestic product, annual % change, updates quarterly
Real gross domestic product measures the change in the inflation-adjusted value of all goods and services produced in the economy. It comprises private consumption and investment, inventory buildup, government spending and net exports. Markets watch this indicator to gauge the strength and composition of growth.
Global
Unemployment Rate
Harmonized unemployment rate, all persons, %, SA, updates monthly
Unemployment rates measure the percentage of the labor force currently not working but actively seeking employment. Markets monitor unemployment rates to assess the cyclical health of economies and the likelihood that wage demands may increase inflationary pressures.
Global
Consumer Prices
All items, core, annual change, %, SA, updates monthly
Consumer Price indices measure the change over time in average prices paid by consumers for a market basket of consumer goods and services. As the most widely used measure of inflation, changes in these indices are closely followed by policymakers, financial markets, businesses, and consumers. Statistics agencies typically report both an ‘All Items’ number that includes all categories in the calculation basket, and a "Core" number that strips out highly volatile food and energy prices. Data shown are "Core" indices distributed by the respective national statistics agencies.
Global
Current Account
Current account balance, % share of global gross domestic product, updates annually
Current accounts measure each individual country’s transactions with the rest of the world. They measure the difference between the inflows of funds to a country from goods and services exported, income on holdings of foreign assets, remittances and grants received versus the outflow of funds from the same activities. A positive current account balance indicates that a country is a net lender to the rest of the world, while a negative current account balance indicates that it is a net borrower.
Global
Policy Rates
Central bank target rates, %, updates monthly
Central bank policy rates are the rates used by a central bank to implement or signal its monetary policy stance. Rates are typically set by policy making committees at regularly scheduled meetings throughout the year. In some countries policy rates are represented by discount rates and in others by repurchase agreement rates. Please note: A number of central banks implement their monetary policy based on more than one interest rate. For central banks that communicate a target band, the middle of the band is shown. Rates shown may lag decisions due to monthly recalculation periods.
Global
Money Supply
M2 money supply, billions USD, updates monthly
M2 Money Supply is a measure of currency that includes cash, checking deposits, and non-cash assets that can easily be converted into cash. Markets don’t typically respond directly to changes in M2, but growth in the money supply can influence inflation, interest rates, and exchange rates over longer time horizons.
Global
Money Supply Growth
M2 money supply, annual change, billions USD, updates monthly
M2 Money Supply is a measure of currency that includes cash, checking deposits, and non-cash assets that can easily be converted into cash. Markets don’t typically respond directly to changes in M2, but growth in the money supply can influence inflation, interest rates, and exchange rates over longer time horizons.
Global
Central Bank Assets
Central bank assets, billions USD, updates monthly
Central Bank Assets consist of government and corporate bonds, credit granted to financial institutions, foreign reserves, and other securities. Changes in central bank balance sheets help determine liquidity in the banking system and assist in the implementation of monetary policy. When policymakers buy government bonds and corporate debt instruments, they are seeking to lower yields and loosen financial conditions. Conversely, when assets are sold, they are seeking to increase yields and tighten financial conditions.
Global
Economic Policy Uncertainty
Global Economic Policy Uncertainty Index, GDP-weighted average, updates monthly
The Global Economy Policy Uncertainty Index is a gross-domestic-product-weighted average of national economic policy uncertainty indices for 16 countries that account for two-thirds of global output. Each national index reflects the relative frequency of own-country newspaper articles that contain a trio of terms pertaining to the economy, uncertainty and policy-related matters.
Global
General Debt Ratios
Credit to general government, non-financial corporate, and household sectors, % of gross domestic product at market value (Chinese government at nominal value)
Aggregate Debt Ratios measure the total borrowing of the general government, non-financial corporate, and household sectors, expressed as a share of gross domestic product. Total debt is followed by investors as a gauge of the vulnerability of an economy to financial shocks. An overly fast pace of debt growth is also frequently associated with a buildup of unproductive investment and excessively high asset valuations.
Global
Net International Investment Position
Net international investment position, billions USD, adjusted for breaks, updates quarterly
The Net International Investment Position is the difference between the external financial assets and liabilities of a nation. A nation with a positive position is a creditor nation and is generally considered a safe haven in financial markets. A nation with a negative position is a debtor nation, with deeper balance of payments vulnerabilities..

Latest Analysis
Latest Analysis
Positive Jobs Reports Bolster Risk Appetite
07 February, 2025
The US job creation engine slowed in January, but revisions to November and December numbers illustrated continued strength in labour markets, helping keep the Federal Reserve firmly sidelined. According...
US jobs report in focus
06 February, 2025
• Holding pattern. Modest moves in most markets overnight. JPY’s upswing extends. AUD range bound just above its 1-month average.• UK rates. BoE cut interest rates by 25bps. 2 members voted for a...
Markets Stabilise as Policy Risks Recede
06 February, 2025
Financial markets are overcoming post-traumatic stress syndrome three days after Donald Trump started—and then temporarily paused—a potentially-catastrophic trade war with Canada and Mexico. Benchmark...
No new tariff news is good news
05 February, 2025
• Market swings. US equities ticked up while bond yields fell. This weighed on the USD. AUD & NZD continue to recover lost ground.• Data flow. US ADP employment improved but the services ISM declined....
Will the rebound in sentiment last?
04 February, 2025
• Positive vibes. Yesterday’s news tariffs on Mexico & Canada have been delayed boosted risk sentiment & weighed on the USD. But will it last?• Tariff risks. China announced countermeasures....
Regularly-Scheduled Programming Resumes
04 February, 2025
A sense of normalcy is returning to financial markets this morning after Donald Trump backed off threats against Canada and Mexico, granting the countries a 30-day reprieve from his proposed 25-percent...
Headline driven markets
03 February, 2025
• Tariff news. Tariff-related risk aversion & the stronger USD unwound overnight. News tariffs on Mexico & Canada will be delayed boosted sentiment.• FX swings. After falling sharply AUD &...
Shots fired in the trade war
02 February, 2025
• Tariff news. US announced tariffs against Canada, Mexico, & China. This had been in the pipeline for a while. Canada also unveiled retaliatory action.• USD stronger. The news has boosted the USD...
Canada and Mexico Launch Retaliatory Measures Against US
01 February, 2025
In a response that could add momentum to an escalatory cycle, Prime Minister Justin Trudeau this evening said “Canada will be responding to the US trade action with 25 percent tariffs on $155 billion dollars...
Trump Imposes Sweeping Tariffs on Canada and Mexico, Threatening to Ignite Global Trade War
01 February, 2025
Ending—and beginning—weeks of speculation, President Donald Trump has delivered details of his tariff plan to officials in Ottawa and Mexico City, raising taxes on most imports from Canada and Mexico to...