The Daily Shot Brief – July 6th, 2018



The United States: Today’s official payrolls report will provide clues to whether worker shortages are translating into faster wage increases. Economists expect to see a jump in hourly earnings. Morgan Stanley’s forecast below is in line with the median estimate.

Source: Morgan Stanley Research


China: Chinese authorities are concerned about another round of capital outflows – similar to what we saw after the 2015 “devaluation.”

Source: IIF


Global Developments:  Here are the Q2 changes in earnings expectations for major indices.

Source: @DavidInglesTV


Equity Markets: European firms are learning that share buybacks do wonders for stock performance.

Source: @business; Read full article


Emerging Markets: This chart shows the changes in manufacturing activity (PMI) over the second quarter across several EM economies.

Source: Capital Economics


Food for Thought: Democratic party identification by generation:

Source: @Patrick_J_Egan



Edited by Joseph Cohen

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Thanks to Josh Marte (@joshdigga), Matt Garrett (@MattGarrett3), Joseph Cohen (@josephncohen),, S&P Global, and Moody’s Investors Service for helping with the research for the Daily Shot.

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