The Daily Shot Brief – April 30th, 2020



United States: The first-quarter GDP contracted by 4.8% (annualized), the biggest decline since 2008.

Source: The Daily Shot

This contraction in the GDP was just a taste for what’s to come in Q2. Here is a forecast from Oxford Economics.

Source: Oxford Economics


Eurozone: Business confidence plummeted in April, with services sentiment hitting a record low.

Source: The Daily Shot

Here is the overall economic sentiment index.

Source: The Daily Shot


China: Banks are trading below book value. With delinquencies on the rise, the market doesn’t trust the reported book value.

Source: @markets; Read full article


Energy: US gasoline demand is recovering after the worst decline on record.

Source: Princeton Energy Advisors


Global Developments: European banks set aside lower loan loss provisions than US lenders.

Source: @technology; Read full article


Food for Thought: The number of US companies going out of business each year:

Source: Deutsche Bank Research

Edited by Daniel Moskovits

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