Greetings,
The United States: Construction industry labor conditions have been much tighter compared to previous cycles. Labor shortages have been contributing to slower growth for housing starts.
Eurozone: Economists continue to warn about German manufacturing job cuts ahead.
Asian Pacific: Japan’s government pension investment fund (GPIF) continues to increase its holdings of foreign assets as it seeks higher returns.
Credit: The ratio of high-yield to investment-grade spreads has been climbing, which tends to signal increased risk aversion in credit.
Global Developments: EM leading economic indicators have been improving more than those in developed economies.
Food for Thought: Active probes into tech companies:
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
