Greetings,
Canada: The first-quarter GDP growth report surprised to the downside, sending bond yields lower.
The United States: Real consumer spending unexpectedly fell in April, indicating a slowdown in US economic activity.
China: The PMI report from S&P Global indicates that China’s manufacturing expansion is accelerating.
Emerging Markets: The Mexican peso took a hit following the election outcome.
India’s annual GDP growth surprised to the upside.
Credit: The leveraged loan distress ratio and default rate have eased over the past year.
Food for Thought: Nvidia’s income statement:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
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