Greetings,
The United States: The August SMI (Sales Manager Index) report from World Economics also shows strong business activity in August. Business confidence keeps improving, and hiring has accelerated. More firms are boosting sales prices.
China: Growth in outward tourism has been a drag on China’s current account.
The Eurozone: Here are the contributors to the Eurozone’s inflation.
Equity Markets: Tech firms have been driving the S&P 500 margin growth.
Global Developments: Here is a comparison of earnings and sales growth for the S&P 500 vs. the rest of the world.
Emerging Markets: We haven’t seen a spike like this in EM F/X volatility in a decade.
Here is the JP Morgan EM Volatility Index vs. the G7 equivalent (daily, since 2012).
Food for Thought: How would you fund a large purchase?
Please note that we will not be publishing the Daily Shot Brief on the following days:
• August 23rd
• August 29th
• August 30th
• September 3rd
• On August 28th, we will have an abbreviated Daily Shot Brief focusing primarily on the Food for Thought section.
Edited by Joseph Cohen
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.
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.
We would also like to thank the Federal Reserve Bank of St. Louis for the incredible job they have done providing data and graphics to the public. Here is the credit and legal notice related to all FRED charts: FRED® Graphs ©Federal Reserve Bank of St. Louis. All rights reserved. All FRED® Graphs appear courtesy of Federal Reserve Bank of St. Louis. http://research.stlouisfed.org/fred2/
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
