The United States: US farm income continues to trend lower. The second chart below shows the regional changes.
China: China’s shrinking labor force will become a drag on growth.
The Eurozone: The Eurozone’s consumer inflation was softer than expected, with the core CPI stuck at 1%.
Equity Markets: Fewer stocks are outperforming the market (worsening market breadth).
Global Developments: Here is the Q2 GDP growth by country.
Emerging Markets: India’s quarterly GDP attribution
Food for Thought: How much does a pint of beer cost?
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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