Greetings, The United States: Trade policy uncertainty has reached new highs. United Kingdom: The UK stock market took the biggest one-day hit in years. While the decline was part of the global selloff, some investors were also unnerved by the possibility of an administrative border between Northern Ireland and the rest of Great …
The Daily Shot Brief – October 2nd, 2019
Greetings, The United States: Let’s begin with the September ISM manufacturing PMI report, which was below economists’ forecasts. US factory activity is rapidly shrinking (PMI below 50). Eurozone: The Eurozone’s financial conditions have been easing. Does this trend signal a bottom in factory activity? Europe: Switzerland’s economy appears to be in recession. …
The Daily Shot Brief – October 1st, 2019
Greetings, The United States: Upper-income households are becoming increasingly cautious. United Kingdom: UK households’ cash holdings are outpacing spending. A resolution of the Brexit impasse could unleash consumption. Europe: Is Germany pulling Switzerland into recession? Asia-Pacific: Here’s a look at the proportion of Australian homes that sold for less than the …
