The Daily Shot Brief – July 10th, 2023

Greetings,

 

The United States: The June payrolls figures came in below expectations …

Source: The Daily Shot

… for the first time in over a year. Nonetheless, the report was sufficiently robust to ensure a Fed rate hike this month.

Source: @bespokeinvest

 

The Eurozone: EUR/USD has been resilient despite weaker economic data versus the US

Source: Convera

 

Emerging Markets: Russia’s automobile sales jumped in June.

Source: The Daily Shot

 

Commodities: Solar capacity growth is expected to drive demand for silver (according to ANZ).

Source: @ANZ_Research

 

Equities: Compared to Treasuries and corporate bonds, stocks appear progressively less appealing.

Source: The Daily Shot

 

Credit: Here is last week’s performance by asset class.

Source: The Daily Shot

 

Food for Thought: The hottest June on record:

Source: @financialtimes

 


Edited by Josh Oldmixon

Contact the Daily Shot Editor: Brief@DailyShotResearch.com


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