The Daily Shot Brief – April 9th, 2020

Greetings,

 

United States: Mortgage applications to purchase a home continued to decline last week.

Source: The Daily Shot

 

Also, refinance applications are off the highs but remain elevated.

Source: The Daily Shot

 

On a bright side, most layoffs so far have been classified as “temporary.”

Source: BCA Research

 

Eurozone: German government bond issuance will more than double from the previous Q2 plans, according to Nordea.

Source: Nordea Markets; Read full article

 

Also, the Bank of France estimates that the economy contracted by 6% last quarter. What happens in Q2?

Source: @markets; Read full article

 

China: Beijing is ramping up infrastructure spending.

Source: Gavekal

 

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.

Source: Deutsche Bank Research

 

Food for Thought: Young adults’ financial goalposts:

Source: @WSJ; Read full article

Edited by Devon Lall

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Contact the Daily Shot Editor: Editor@DailyShotLetter.com

 

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