Greetings,
The United States: The June Sales Managers’ Index (SMI) points to robust economic activity in the US. We should see this trend reflected in the regional Fed surveys and the national PMI reports later this month.
China: The June SMI manufacturing index reflects moderating economic activity.
Rates: Foreigners’ ownership of Treasuries is concentrated at the front-end of the curve.
Equity Markets: Here is the latest survey on investors’ top concerns.
Emerging Markets: EM financial conditions are still relatively loose, but that’s about to end.
The Eurozone: This chart shows the ECB’s GDP and inflation projections (comparing June and March).
Food for Thought: Worship attendance rates vs. life expectancy around the world:
Edited by Joseph Cohen
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Thanks to Josh Marte (@joshdigga), Matt Garrett (@MattGarrett3), Joseph Cohen (@josephncohen), Ycharts.com, S&P Global, and Moody’s Investors Service for helping with the research for the Daily Shot.
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