The Daily Shot Brief – October 15th, 2019



The United States: China is stalling on the “interim” trade agreement because Bejing feels that it has some leverage at this point. (PMI stands for Purchasing Managers Index which measures the general direction of a sector through surveys of purchasing managers)

Source: Pantheon Macroeconomics


How much of the decline in the US labor share was due to trade with China?

Source: Capital Economics


The Eurozone: Germany’s domestic demand has weakened.

Source: TS Lombard


In addition, Germany’s energy production has slumped.

Source: TS Lombard

According to Oxford Economics, there is limited evidence of large-scale Chinese reorientation of exports to other markets. Chinese exports outside the US are growing slowly, only slightly above the weak pace of total world trade growth.

Source: Oxford Economics


Emerging Markets: Investors have been rotating out of EM debt.

Source: Arbor Research & Trading


Credit: Delinquencies on lower-rated consumer debt held by asset-backed securities (ABS) have been elevated relative to previous years.

Source: Morgan Stanley Research


Global Developments: Export-focused sectors are most vulnerable to further global industrial weakness, according to Oxford Economics.

Source: Oxford Economics


Food for Thought: The average number of times a new garment is worn:

Source: @WSJ; Read full article

Edited by Devon Lall

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