Greetings,
United States: October retail sales were softer than expected amid signs of consumer activity losing momentum.
Nonetheless, the overall rebound has been remarkable.
Asia-Pacific: The world’s busiest domestic flight routes are in Asia.
Emerging Markets: Until the pandemic, the short-end of EM yield curves has been uncorrelated with manufacturing PMIs. This is because EM central banks often face issues other than economic slowdowns, such as currency depreciation, according to Morgan Stanley.
Commodities: Container freight rates are up sharply this year amid capacity constraints.
Equities: Shares of pharmacy chains are under pressure as Amazon gets into the business.
Food For Thought: Support for raising the minimum wage:
Edited by Devon Lall
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