Greetings,
The United States: The combination of the Philly Fed and the NY Fed factory indices also signals an increase in the ISM PMI this month.
United Kingdom: The pound’s strength and a lower probability that the BoE will cut rates any time soon sent market-based inflation expectations sharply lower. The greatest declines have been in shorter maturities.
Europe: The German government downgraded its forecast for the nation’s economic growth next year.
Asia-Pacific: Japan’s CPI is about to climb as a result of the sales tax hike. This increase, however, won’t be nearly as dramatic as the 2014 spike.
Equities: Short interest in SPY (S&P 500) ETF, which is one of the most liquid equity securities, has been declining.
Food for Thought: China Twitter trolls going after Daryl Morey:
Edited by Daniel Moskovits
To receive the Daily Shot Premium, you need to be a subscriber to The Wall Street Journal. The Daily Shot readers qualify for a special membership offer of $1 for 2 months and can join simply by clicking here.
If you are already a WSJ member, you can sign up for The Daily Shot at our Email Center by clicking here.
The Daily Shot Premium is also available online at DailyShotWSJ.com
If you have any issues at all, please contact a Customer Service representative by calling 1-800-JOURNAL (1-800-568-7625) or sending an email to support@wsj.com.
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
Subscribe to the Daily Shot Brief