Greetings,
The United States: The ADP private payrolls report was well below market expectations.
The ADP data also showed that small businesses hiring has stalled.
United Kingdom: The pound continues to rally as polls show Conservatives maintaining their lead. With a decisive majority in Parliament, the Prime Minister will finalize the current separation deal, eliminating the risk of a hard Brexit.
Eurozone: Portfolio inflows bode well for the euro.
Equities: Earnings expectations are highest for cyclical sectors, leaving more room for downward revisions versus defensive sectors, according to Richardson GMP.
Global Developments: The BlackRock Geopolitical Risk Indicator for trade tensions remains elevated.
Food for Thought: Homeless students in the NYC public schools:
Edited by Daniel Moskovits
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