Greetings,
The United States: US financial conditions tightened in recent days.
China: The manufacturing PMI report from S&P Global showed stronger activity in March.
The Eurozone: The euro-area’s stagflation indicator has sharply diverged from the US.
Commodities: We have the year-to-date performance across key commodity markets.
Rates: This chart illustrates the attribution of year-to-date changes in Treasury yields.
Emerging Markets: Ukraine’s Q4 GDP growth surprised to the downside.
Ukrainian bonds and GDP warrants have reversed nearly all gains made after Trump’s election, as peace hopes fade and geopolitical tensions resurface. The GDP warrant’s sharp drop underscores market doubts about near-term growth and a credible truce, especially amid renewed friction over the minerals deal and missed economic triggers.
Food for Thought: Per-capita consumption of dairy products in the US:
Edited by Abraham Lent
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
Subscribe to the Daily Shot Brief
