Greetings,
United States: US demand for housing finance is heating up as mortgage applications to purchase a home hit a multi-year high.
Mortgage refinance activity rose to the highest level since 2013.
United Kingdom: Survey data continue to surprise to the upside as business expectations rebound. Here is the service-sector PMI from Markit.
Europe: According to Alpine Macro, the Norwegian krone (NOK) is already cheap versus oil and could bounce back from here.
China: These charts from Fitch Ratings show some scenarios for the GDP growth.
Global Developments: How have different asset classes performed year-to-date?
Food for Thought: Coronavirus cases (still mostly in China):
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