The Daily Shot Brief – May 31st, 2022

Greetings,

 

United States: First, consumers dipped into their savings, which dropped to the lowest level since 2008 as a percentage of disposable income.

Source: The Daily Shot
Source: @WSJ  Read full article

 

The Eurozone:  Germany’s May CPI report surprised to the upside, giving the ECB hawks more ammunition to push for a 50bps hike in July.

Source: @OliverRakau

 

Asia-Pacific:  Asian currencies have been rebounding. Here is the Taiwan dollar.

Source: The Daily Shot

 

Energy: Brent crude surged as European leaders agreed to ban some 90% of Russian oil. This price jump, combined with Germany’s CPI report, reignited global inflationary fears.

Source: The Daily Shot
Source: CNBC  Read full article

 

Commodities: This chart shows last week’s performance across commodity markets.

Source: The Daily Shot

 

Emerging Markets: LatAm assets outperformed last week. Here is the performance of dollar-denominated Equity ETFs.

Source: The Daily Shot

 

Food for Thought: Lastly, here is the distribution of global GDP over the past 2,000 years:

Source: Visual Capitalist  Read full article

Edited by William Villacis

Contact the Daily Shot Editor: Brief@DailyShotResearch.com


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