Greetings,
The United States: Retail sales have deviated from the recent trend, driven by internet (non-store) sales.
Eurozone: Here is a long-term chart of the Eurozone’s bank share index.
China: Beijing has adjusted the process for how banks set their lending rates. The net impact is effectively a rate cut (see story). The central bank has been struggling with policy transmission – getting lending rates to follow market rates lower.
Global Developments: Central bank government bond holdings as a share of overall debt are still below historical peaks, even with all of the QE over the past decade.
Food for Thought: Building permits in select states (over time):
Edited by Joseph N Cohen
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Thanks to Josh Marte (@joshdigga), Matt Garrett (@MattGarrett3), Joseph Cohen (@josephncohen), Ycharts.com, S&P Global, and Moody’s Investors Service for helping with the research for the Daily Shot.
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