Greetings,
The United States: Let’s start by looking at the US, where GDP unexpectedly contracted in the first quarter.
In the labor market, jobless claims are holding near multi-decade lows.
The Eurozone: Next, Germany’s consumer inflation hit 7.8% as the country considers a Russian oil embargo.
China: Tech stocks are surging in Hong Kong on bets that Beijing will ease up its regulatory campaign.
Emerging Markets: The Russian ruble hit the strongest level since November.
Commodities: Cotton futures are soaring. Gains are driven by demand from China at a time when the US cotton crop suffers from drought.
Food for Thought: Lastly, let’s look at US domestic migration trends
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
