The United States: The market reaction to Friday’s upside wage growth surprise was far more benign than after a similar report in February. Volatility across key markets has been flat since Friday.
China: While China has a record trade surplus with the US, the nation runs a deficit with other major trading partners.
The Eurozone: Italian bond spreads to Germany have been tightening recently.
Equity Markets: Americans with only a high-school education (or less) have soured on the stock market again.
Global Developments: This chart shows the distribution of family-owned companies globally (“APxJ” = Asia-Pacific excluding Japan).
Emerging Markets: The charts below show EM capital and portfolio flows.
However, a number of country/regional EM ETFs saw inflows last week.
Food for Thought: The spread between Democrat and Republican Senate seats up for reelection:
Edited by Joseph Cohen
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Thanks to Josh Marte (@joshdigga), Matt Garrett (@MattGarrett3), Joseph Cohen (@josephncohen), Ycharts.com, S&P Global, and Moody’s Investors Service for helping with the research for the Daily Shot.
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