International Economic Week in Review: The Good News Continues

            The overall tenor of international news is still positive.  While UK retail sales are slowing, they are still up modestly Y/Y.  Although EU news was slightly weaker than we’ve been used to over the last few months, this week’s data has been weak for most of this expansion.  Australis growth is ticking modestly higher, Japanese news points to an increasingly robust industrial environment, and the Bank of Canada’s latest Monetary Policy Report painted a rosy picture heading into 2018.