The Daily Shot Brief – November 18th, 2019



United States: Last week’s softer economic data sent the Citi Economic Surprise index into negative territory.

Source: The Daily Shot


Asia-Pacific: According to Natixis, Japanese banks have survived without passing on negative interest rates to their clients. To maintain profitability, they boosted their commissions by selling mutual funds and doubled their share of overseas loans and interbank investments.

Source: Natixis


China: Here is a forecast for Hong Kong’s GDP growth from Natixis.

Source: Natixis


Emerging Markets: The sharp rise in EM earnings per share (EPS ) sentiment since the end of July is starting to show up in positive EPS revisions.

Source: Goldman Sachs


Credit: The average coupon on US CCC-rated bonds is well below the average yield on outstanding debt, which raises refinancing risk.

Source: Oxford Economics


Global Developments:  More than 60% of the world’s central banks are easing, which is the highest share in a decade.

Source: Economics and Strategy Group, National Bank of Canada


Food for Thought: Corporate diversity scores vs. stock performance:

Source: @WSJ; Read full article

Edited by Daniel Moskovits

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