Greetings,
United States: Let’s begin with the labor market. Initial jobless claims remain on a downward path.
The total number of Americans receiving unemployment benefits is also declining.
United Kingdom: The updated April Markit Services PMI figure was even stronger than the earlier report, as Britain reopens.
Emerging Markets: India’s COVID cases hit 400,000 per day.
And that’s causing havoc in the shipping industry (which is already strained).
Bond yields declined further amid RBI’s support.
Commodities: Commodity markets are on fire. Here’s Bloomberg’s broad commodity index.
Equities: Strong earnings growth is supporting dividend hikes.
Food For Thought: Revenue per employee:
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
