Greetings,
The United States: The Citi US Economic Surprise Index has been pulled lower by housing and durable goods reports. Will the trend continue?
For now, things are looking up for the second quarter GDP growth. Here is the median economic forecast from Bloomberg.
China: Investment activity remains robust.
The Eurozone: Italian consumer sentiment unexpectedly bounced (despite a period of heightened political uncertainty).
Equity Markets: The market sold off again on Wednesday as tech/semiconductor shares came under pressure (on rising trade policy risks).
Emerging Markets: Mexico’s inflation rate is declining, which is boosting real wages.
Food for Thought: The most valuable VC-backed company by state:
Edited by Joseph Cohen
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 support@wsj.com.
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.
We would also like to thank the Federal Reserve Bank of St. Louis for the incredible job they have done providing data and graphics to the public. Here is the credit and legal notice related to all FRED charts: FRED® Graphs ©Federal Reserve Bank of St. Louis. All rights reserved. All FRED® Graphs appear courtesy of Federal Reserve Bank of St. Louis. http://research.stlouisfed.org/fred2/
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
