United States: Housing-related online search activity has slowed.
Canada: Canada’s central bank upgraded its inflation forecast and tapered QE.
The market wasn’t impressed. Some were expecting a more hawkish outcome. Bond yields edged lower.
Europe: According to TS Lombard,
Italy’s recovery plan is designed to mitigate the legacy of underinvestment in digital and transport infrastructure, in education/R&D and in employment policies and to keep up with developments in energy transition/efficiency and electric mobility.
China: The PBoC is signaling that it’s not easing after the RRR cut.
Energy: OPEC appears to have reached a deal with UAE.
Crude oil futures dropped.
Food for Thought: Who is drinking beer regularly?
Edited by Richard Holmes
Contact the Daily Shot Editor: Editor@DailyShotLetter.com