The Daily Shot Brief – September 5th, 2017



The United States: The regional Fed surveys have been pointing to a solid national manufacturing report. Indeed, the August ISM index reached the highest level since 2011.

Source: ISM; Read full article

The NY Fed Nowcast model indeed showed an increase in the GDP projection as a result of the ISM data.

Source: NY Fed


China: With the currency stable, foreign fixed income investors turn their attention to China’s government bonds. Compared to opportunities in the developed markets, the nation’s yields look attractive.

Source: @acemaxx, @MorganStanley


Energy Markets: Money managers have sharply reduced their exposure to crude oil in recent weeks. A bullish sign?

Source: @JKempEnergy


The Eurozone: The recent strength in the Eurozone’s currency has pushed out the likelihood of an ECB rate hike until 2019. The central bank has become concerned that a strong euro could bring back disinflationary pressures and tighten financial conditions.

Source: @acemaxx, @fastFT; Read full article


Emerging Markets: This chart shows the bounce in India’s banknotes in circulation after last year’s demonetization.

Source: @Schuldensuehner; Read full article


Equity Markets: North Korea’s latest nuclear weapon test and the subsequent preparation to test an ICBM (see story) brought jitters back into the market.

Source: @GarfieldR1966; Read full article


Food for Thought: Nuclear tests since 1945.

Source: @StatistaCharts; Read full article

Edited by Joseph N Cohen

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