Greetings,
United States: Initial jobless claims declined from last week, but the latest figure was above economists’ estimates.
Continuing claims are holding above 18 million. The labor market is facing a long recovery.
Eurozone: The demand for the latest tranche of TLTRO financing was remarkably strong (€1.3 trillion). When your central bank offers you a loan and pays you up to 1% in interest to take their money, it’s hard to refuse. It’s going to increase the ECB’s balance sheet and bank reserves significantly.
China: The amount of delinquent short-term consumer debt keeps climbing.
Equities: Below is a summary of market valuation metrics.
Rates: The Fed’s balance sheet declined this week.
Food For Thought: Views on police violence against the public:
Edited by Daniel Moskovits
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