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
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 firstname.lastname@example.org.
Contact the Daily Shot Editor: Editor@DailyShotLetter.com