Greetings,
The United States: Mortgage applications hit a multi-year low last week.
Fed officials want to raise rates in May as financial conditions ease.
The United Kingdom: Surprises in both inflation and wage growth have raised market expectations for the May BoE rate hike to above 25 bps.
Credit: There are a lot of fallen angels this year.
Emerging Markets: Uruguay’s central bank cut its benchmark interest rate by 25 bps on Wednesday. This was the first rate cut in Latin America since the start of the COVID-19 pandemic.
Energy: Gasoline inventories unexpectedly jumped as demand slows.
Commodities: Platinum has been rallying, with PPLT (physical platinum ETF) hitting resistance.
Food for Thought: Lastly, here are primary personal banking institutions:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
