Greetings,
The United States: The equity market anticipates accelerated US growth.
The Eurozone: The labor hoarding index suggests that unit labor costs should ease in the months ahead.
Japan: Fundamentals point to gains ahead for the yen.
Emerging Markets: Economists keep boosting forecasts for India’s GDP growth.
Energy: The US inventory report was bearish, with crude and gasoline inventories unexpectedly rising last week.
Oil stockpiles jumped at Cushing, OK (the settlement hub for WTI futures).
Equities: The Russell 2000 price performance has been lagging behind its relative EPS expectations.
Food for Thought: The spike in credit card and other consumer loan rates:
Edited by William Villacis
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