The United States: The ISM nonmanufacturing index beat expectations as export orders accelerated.
Here is the full breakdown of the ISM report.
Europe: The pound increasingly drives stock prices in the UK.
Emerging Markets: The Venezuelan bolivar weakened further in the black market. One has to bring “bags” of the Venezuelan currency to buy one US dollar.
Equity Markets: This chart shows the total US market capitalization as a percentage of the US GDP.
Global Developments: Sovereign credit default swap spreads are near the lows globally.
Food for Thought: It’s hard to see any impact on the NFL viewership from the American anthem protests.
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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