Greetings,
The United States: Despite higher interest rates, mortgage applications for house purchase remain at multi-year highs for this time of the year.
Equity Markets: The market’s response to companies beating earnings forecasts has been lackluster.
Cryptocurrency: This chart shows the year-to-date relative performance of some major cryptocurrencies. Ripple (blue) is lagging, and Ethereum (yellow) is outperforming (Bitcoin is the red line; DigiCorEW is a crypto index).
Credit: This table provides a summary of trends in lending standards for the US consumer credit markets.
Europe: Ireland’s economy has been a significant contributor to the Eurozone’s GDP growth in recent quarters.
Rates: Short-term rate volatility has been declining globally amid reduced uncertainty around central banks’ policies.
Global Developments: There are more signs of slowing global economic growth.
Commodities: This chart shows the year-over-year changes in China’s commodity imports. Copper stands out.
Food for Thought: The number of women running for House seats by party.
Edited by Joseph N Cohen
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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.
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