Greetings,
The United States: Rising costs put a strain on discretionary demand.
The Eurozone: The French trade deficit hit a new record.
Germany’s electricity prices have declined massively from the peak but remain elevated.
Emerging Markets: Stocks are trading at attractive valuations versus developed markets.
Cryptocurrency: Binance agreed to buy rival exchange FTX. Concerns about liquidity issues at FTX sent crypto markets into a panic. The FTX token crashed.
FTX experienced large withdrawals on Tuesday, mainly from Jump Trading and Alameda Research, which is owned by the CEO of FTX.
Energy: European natural gas is in deep contango amid ample supplies.
Equities: Companies with international sales have been outperforming.
Food for Thought: Here’s a look at the rise in US political spending by outside groups.
Edited by Alexander Bowers
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
