Greetings,
United States: Mortgage applications to purchase a home continued to decline last week.
Also, refinance applications are off the highs but remain elevated.
On a bright side, most layoffs so far have been classified as “temporary.”
Eurozone: German government bond issuance will more than double from the previous Q2 plans, according to Nordea.
Also, the Bank of France estimates that the economy contracted by 6% last quarter. What happens in Q2?
China: Beijing is ramping up infrastructure spending.
Equities: According to Deutsche Bank, there is a good chance that financial asset volatility has peaked, but there is no guarantee that risk appetite has bottomed.
Food for Thought: Young adults’ financial goalposts:
Edited by Devon Lall
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