Greetings,
United Kingdom: Trade with the EU continues to improve:
Eurozone: Separately, superforecasters once again expect CDU/CSU to remain in power after the next election.
China: Foreign currency deposits in Chinese commercial banks have surged over the past year. By increasing the reserve requirements on foreign exchange deposits, the central bank forces commercial banks to hold forex on their balance sheet, which could ease upward pressure on the renminbi, according to Alpine Macro.
Cryptocurrency: Elon isn’t completely giving up on bitcoin, …
… sending the largest crypto higher over the weekend.
Commodities: Commodities are not very correlated with consumer goods prices.
Food for Thought: The economic cost of fake news:
Edited by Richard Holmes
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
