Greetings,
United States: Improvements in business conditions later this year may not result in stronger hiring.
In addition, online search activity suggests that the weekly new claims number is no longer declining.
Eurozone: Germans seem to support the French-German proposal to establish an EU relief fund (see story). Here is the support breakdown by party.
Equities: Financial advisors are becoming more bullish.
Credit: Spreads on short-term corporate debt have returned to pre-crisis levels.
Rates: One-year forwards on the 10-year Treasury are pricing in a yield of 0.89%, which is not far off from current levels, according to Pavilion Global Markets.
Food For Thought: The CDC’s emergency preparedness funding:
Edited by Devon Lall
To receive the Daily Shot Premium, you need to be a subscriber to The Wall Street Journal. The Daily Shot readers qualify for a special membership offer of $1 for 2 months and can join simply by clicking here.
If you are already a WSJ member, you can sign up for The Daily Shot at our Email Center by clicking here.
The Daily Shot Premium is also available online at DailyShotWSJ.com
If you have any issues at all, please contact a Customer Service representative by calling 1-800-JOURNAL (1-800-568-7625) or sending an email to support@wsj.com.
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
Subscribe to the Daily Shot Brief