Greetings,
The United States: First off, a quick update on the state of the housing market. New home sales surprised to the upside.
Eurozone: German retail sales are facing some headwinds as sentiment softens.
China: Small business loan growth tumbled as Beijing clamped down on shadow financing. It was an unintended consequence of the deleveraging policy. China is now trying to reboot small business lending.
Energy: This chart puts Aramco’s gigantic IPO into perspective.
Emerging Markets: Tight financial conditions in Argentina point to a steep downturn in the nation’s GDP.
Equities:The amount of IPO capital raised by unprofitable firms keeps climbing.
Food for Thought: As a followup to yesterday’s smoking chart, here’s global cigarette sales by country.
Edited by Daniel Moskovits
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