The Daily Shot Brief – November 3rd, 2017

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.

Source: The Daily Shot

 

The Eurozone: The euro area’s factories are doing well, with the manufacturing index hitting the highest level since 2011.

Source: IHS Markit; Read full article

Here is Italy’s manufacturing index, for example.

Source: Tradingeconomics.com; Read full article

Just like in the US (see chart), economists remind us that there is still a disconnect between “soft” and “hard” data.

Source: @MxSba; Read full article

 

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.

Source: @tracyalloway, @creditsights

 

Equity Markets: Here is the percentage of US households who believe that stock prices will be up next year.

Source: Balyasny Asset Management (BAM)

 

Global Developments: Global factory activity continues to expand.

Source: IHS Markit; Read full article

 


Food for Thought: The sales growth of spirits around the world.

Source: Moody’s Investors Service

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.

We would also like to thank the Federal Reserve Bank of St. Louis for the incredible job they have done providing data and graphics to the public. Here is the credit and legal notice related to all FRED charts: FRED® Graphs ©Federal Reserve Bank of St. Louis. All rights reserved. All FRED® Graphs appear courtesy of Federal Reserve Bank of St. Louis. http://research.stlouisfed.org/fred2/


Contact the Daily Shot Editor: Editor@DailyShotLetter.com

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