The United States: Next, we have the World Economics SMI for March. This index measures business activity at the national level. It shows confidence rebounding, but caution around hiring persists.
The Eurozone: Spain’s trade deficit is rising (partially due to strong domestic demand).
Equities: The chart below shows US semiconductor manufacturers’ revenues and earnings forecasts.
China: The World Economics SMI index shows a rebound in China’s manufacturing. Margins, however, remain soft.
Credit: The charts below show investment-grade debt trading activity over time.
Food for Thought: Robot prices vs. labor costs:
Edited by Joseph Cohen
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