Greetings,
Commodities: Farmers are concerned that hostilities in the Middle East could curtail US wheat exports to the region.
Credit: US auto loan and credit card delinquencies have been trending higher.
Emerging Markets: Growth in the UAE’s business activity stalled even before the ratcheting of Middle East tensions.
Japan: Here are the contributions to year-over-year changes in Japan’s core CPI. Lower energy price inflation is one of the reasons behind the recent weakness.
The Eurozone: Here are some updates on Germany.
• The latest report on factory orders was terrible, coming in well below economists’ forecasts.
– Year-over-year growth in manufacturing orders:
– Factory orders index:
• Falling job vacancies bode ill for employment growth.
Food for Thought: E-commerce market share:
Edited by Devon Lall
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