Greetings,
The United States: To begin, Eastern Seaboard container volumes have been slowing. This trend coincides with deteriorating forward-looking data in the Richmond Fed’s manufacturing survey.
The Eurozone: Next, high energy prices and other pressures are eroding real wages in European economies.
Energy: In energy markets, Brent passed $120/bbl after the Caspian Sea pipeline news.
Equities: EPS growth estimates have improved in equity markets, driven by energy and tech.
Emerging Markets: Argentina’s exports are at record highs for this time of the year as commodity prices spike.
Global Developments: The drawdown in global bonds has been massive amid high inflation levels and plans for rate hikes by central banks.
Food for Thought: Lastly, let’s look at how wages have grown by age group.
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
