Greetings,
The United States: Worker strikes are on the rise.
Emerging Markets: Regulated items (in which the authorities rather than the market control price changes) have been pushing inflation higher in Mexico. The market-based CPI, however, has been moving lower. The overall core CPI remains within the central bank’s target range.
China: Corporate earnings forecasts for China’s companies are getting a substantial downward adjustment.
The Eurozone: Germany’s business sentiment in September has been stronger than expected. Here is the Ifo Business Climate index.
Equities: More firms are issuing negative earnings guidance this quarter.
And analysts are turning a bit more cautious on corporate profits. This chart shows Bloomberg’s consensus estimate of the S&P 500 earnings per share for the next twelve months.
Energy: OPEC is forecasting a decline in the OECD nations’ demand for crude oil. However, it is more than offset by robust demand from emerging economies (second chart below), resulting in positive demand growth globally over the next five years (no “peak demand” for now).
Emerging Markets: Regulated items (in which the authorities rather than the market control price changes) have been pushing inflation higher in Mexico. The market-based CPI, however, has been moving lower. The overall core CPI remains within the central bank’s target range.
Food for Thought: Education attainment by religious affiliation:
Edited by Paul Menestrier
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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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