Greetings,
The United States: Unemployment claims continue to signal tightness in the labor market. Initial applications for jobless benefits hit a multi-year low for this time of the year.
Housing starts registered their first annual decline since 2009.
Europe: European stocks had a strong start to the year as fund flows turned positive.
China: The housing market is primed for a bounce.
Credit: Default probabilities have been rising in some sectors.
Energy: US oil stockpiles continue to rise.
US natural gas is nearing $3/mmbtu.
Food for Thought: To end the week, here is the population of India’s states compared with different countries:
Edited by William Villacis
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