Greetings,
The United States: US consumer spending continues to climb. The Fed’s efforts to slow demand have not had the desired effect thus far.
The United Kingdom: The UK government is backtracking on some of its tax cut pledges.
The pound rose modestly but gave up most of the gains.
The Eurozone: The Eurozone CPI hit 10% in September, surprising to the upside. Many economists see inflation peaking.
Energy: Oil prices jumped on the news that OPEC plans to cut production.
Equities: Outside of the mega-cap shares, valuations look cheap.
However, earnings estimates for the next couple of years look aggressive.
Credit: Should credit markets be concerned about persistent troubles at Credit Suisse?
Food for Thought: Lastly, here’s a look at the royal line of succession in the UK.
Edited by Alexander Bowers
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
