Greetings,
China: Hong Kong’s CPI surprised to the downside amid soft demand.
Japan: Pavilion Global Markets expects Japan’s stimulus measures to continue to be targeted at aiding household consumption and boosting public construction activity. Here’s a breakdown of the GDP growth by component.
United States: The Philly Fed regional manufacturing report was remarkably strong.
The NY and Philly Fed reports point to a rebound in the ISM manufacturing index.
Energy: Energy shares’ underperformance continues to widen.
Credit: US corporate net leverage has risen over the past few years, while credit spreads have declined (investors are compensated less for taking on higher risk).
Food for Thought: The minimum wage vs. productivity:
Edited by Daniel Moskovits
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