Greetings,
The United States: This chart shows quarterly residential investment growth.
It’s important to note that residential investment impacts far more than just construction jobs.
China: The Markit PMI report shows solid manufacturing sector growth in China.
Equity Markets: The President’s tweets about the stock market have increased in frequency.
Emerging Markets: Brazil’s manufacturing sector stalls again.
The Eurozone: Both input and output price increases for euro area’s businesses have been slowing. A stronger euro has been one of the contributors to these declines.
Energy Market: Oil prices fell as a private inventory estimate (American Petroleum Institute) showed an increase in crude stockpiles. A decline was expected.
Canada: Canada’s factory activity has been quite robust.
Food for Thought: Compensation increases by industry in the US this year.
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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