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
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