Greetings,
The United States: Economists expect a massive jump in the number of new nonfarm payrolls in October (reported later today). The report is expected to show a reversal of the September hurricane-driven decline.
The Eurozone: The euro area’s factories are doing well, with the manufacturing index hitting the highest level since 2011.
Here is Italy’s manufacturing index, for example.
Just like in the US (see chart), economists remind us that there is still a disconnect between “soft” and “hard” data.
Emerging Markets: The dollar-denominated EM bond issuance will hit a new record this year. Take a look at the EM high-yield bond activity.
Equity Markets: Here is the percentage of US households who believe that stock prices will be up next year.
Global Developments: Global factory activity continues to expand.
Food for Thought: The sales growth of spirits around the world.
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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