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
To receive the Daily Shot Premium, you need to be a subscriber to The Wall Street Journal. The Daily Shot readers qualify for a special membership offer of $1 for 2 months and can join simply by clicking here.
If you are already a WSJ member, you can sign up for The Daily Shot at our Email Center by clicking here.
The Daily Shot Premium is also available online at DailyShotWSJ.com
If you have any issues at all, please contact a Customer Service representative by calling 1-800-JOURNAL (1-800-568-7625) or sending an email to email@example.com.
Contact the Daily Shot Editor: Editor@DailyShotLetter.com