Greetings,
United States: Many economists were predicting an even more severe rise in initial jobless claims than what we saw last week (the report is out 8:30 AM EST today). Below is an estimate from Desjardins. The real number came out to 6.6 million.
Goldman Sachs downgraded the Q2 GDP growth forecast again.
Eurozone: How much will the Eurozone’s unemployment rate rise over the coming months?
China: Economic activity metrics continue to recover. Coal consumption:
Subway ridership:
Home sales:
Equities: The recent updates to EPS projections paint a grim picture of earnings growth globally.
Credit: Implied default rates have risen above 2008 levels for multiple sectors.
Food for Thought: Donations to Democratic candidates in tech and financial services:
Edited by Daniel Moskovits
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
