Greetings,
United Kingdom: Industrial orders are surging, …
… and so are prices.
Japan: Industrial production has been outperforming the US and Eurozone. However, despite economic improvements, BlackRock expects the Bank of Japan to remain highly accommodative for the foreseeable future.
Cryptocurrency: Crypto miners have contributed to graphics chip (GPU) shortages, as prices followed Ethereum higher (GPUs are used for parallel processing).
Energy: The Brent – Dubai crude oil spread is approaching multi-year highs (more on the topic here).
Equities: This chart shows investors’ sector allocations relative to historical averages (Evercore ISI survey).
Food for Thought: Can hydrogen be used as fuel in aviation?
Edited by Richard Holmes
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
