The Daily Shot Brief – February 6th, 2018

Greetings,

 

 

The United States: Here is an estimate of job losses by state if the US withdraws from NAFTA.

Source: @ianbremmer

 

The Eurozone: The Eurozone service sector activity has accelerated in January. Here is the composite PMI (fastest expansion in over a decade).

Source: IHS Markit; Read full article

Italy’s business output has been especially strong.

Source: IHS Markit; Read full article

 

Equity Markets: Over the long run, bond selloffs typically don’t coincide with corrections in the equity market.

Source: JP Morgan, h/t Stan

 

Alternatives: How much do sovereign wealth funds allocate to private equity?

Source: SPDR Americas Research

 

The United Kingdom: S&P Global Ratings says that the EU will take a tough stance in the upcoming Brexit negotiations because the EU is in “self-preservation” mode.

• S&P Global Ratings: – The EU’s lenient stance towards Greece was a rational approach to ensure its own survival.
• A lenient Brexit deal for the U.K., however, could lead to other member states following suit in a domino effect, which the EU wants to avoid.
• The U.K. risks further adverse economic, financial, and ratings outcomes if it ignores the EU’s rationale of self-preservation.

 

Global Developments: Here is manufacturing employment as a percent of total employment for select advanced economies.

Source: @jsblokland, @Bruegel_org

 

Cryptocurrencies: Bitcoin is approaching $6k as the crypto-selloff continues. Bubbles are bursting all over the place.

Source: The Daily Shot

 


Food for Thought: Which brands benefitted the most from this weekend’s Super Bowl?

Source: Sprinklr

 

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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