Greetings,
Equities: The S&P 500 hit a record high after China’s central bank cut reserve requirements, which will release a substantial amount of liquidity into the financial system (see #3 here). As discussed previously, technical indicators signal that the market is overbought.
Credit: Here is S&P’s credit upgrades-to-downgrades ratio.
Europe: Will we see a slowdown in Germany’s consumer spending?
The United Kingdom: Businesses seem to be a bit more upbeat on Brexit.
Global Developments: The global manufacturing PMI is signaling a rebound in industrial production.
Here are some economic data momentum indicators.
Food for Thought: How bread is stored at home:
Edited by Devon Lall
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