Greetings,
United States: Small banks have been grappling with higher credit card delinquencies.
The United Kingdom: As was widely expected, Parliament blocked the Prime Minister’s call for an early general election.
Also, the UK leadership approval rate declined this year.
The Eurozone: Loan growth has diverged from the GDP, which doesn’t appear to be sustainable.
China: Crude oil imports have been climbing much faster than the demand for fuel. It suggests that China may be adding to its strategic oil stockpile.
According to Fitch Solutions, transport and heavy industries sectors, which account for about 70% of domestic oil demand, have been hit the hardest by the slowdown.
Global Developments: The decline in backlogs could become a drag on developed markets’ core CPI.
Food for Thought: Expenditures on obesity-related health conditions:
Edited by Devon Lall
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
