Greetings,
United States: Given the urgent demand for labor in many areas, more workers should be coming off unemployment.
China: Beijing’s aggressive stance on DiDi may sap demand for China’s equity listings abroad.
Recently-listed US shares of Chinese companies took a hit.
Commodities: US grains tumbled on Tuesday, with rains expected to ease drought in many parts of the country. There are also concerns that China’s buying spree will moderate. As the chart below shows, corn and other grans have been whipsawed since May.
Energy: The US involvement in OPEC’s spat improves the chances of a deal to boost production. Crude oil tumbled.
Global Developments: How will investors change allocations in response to higher inflation and a more hawkish Fed?
Food for Thought: Sub-Saharan Africa working-age population:
Edited by Richard Holmes
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
