The Daily Shot Brief – November 27th, 2019



As a reminder, the Daily Shot and the Daily Shot Brief will not be published on Thursday.

To our readers in the United States: Happy Thanksgiving!

The United States: Growth in small business employment has been slowing.

Source: @AndreasSteno; Read full article


The Eurozone: Negative rates have been a drag on European bank shares. The ECB hopes that a tiering system would soften the blow. Reserves of up to 6x the amount of minimum reserve requirements are exempt from negative interest rates (see overview).

Source: IIF


But a similar tiering system in Japan failed to boost bank share prices.

Source: IIF


Asia-Pacific: Asia’s exports have stabilized.

Source: Danske Bank


China: Pervalle Global has suggested that China’s tariff-driven front-loading of industrial output pushed the Markit/Caixin PMI higher (see story). Will falling industrial profits reverse those PMI gains?

Source: @TeddyVallee


Also, Chinese cement prices are rising, outpacing steel prices over the past year.

Source: Fitch Ratings


Global Developments: Here are the ETF flows over the past month.

Source: Arbor Research & Trading


Food for Thought: Thanksgiving stats:

Source: Visually

Edited by Devon Lall

To receive the Daily Shot Premium, you need to be a subscriber to The Wall Street Journal. The Daily Shot readers qualify for a special membership offer of $1 for 2 months and can join simply by clicking here.

If you are already a WSJ member, you can sign up for The Daily Shot at our Email Center by clicking here.

The Daily Shot Premium is also available online at

If you have any issues at all, please contact a Customer Service representative by calling 1-800-JOURNAL (1-800-568-7625) or sending an email to

Contact the Daily Shot Editor:


Leave a Reply