Greetings,
United States: The payrolls report surprised to the upside, with over 600k private-sector jobs created in October. Moreover, there was a 235k upward revision to earlier data.
Here is the breakdown by sector.
Eurozone: At this point, there is no Russian natural gas flowing to Germany via Poland.
By the way, this chart shows euro-area expenditures for natural gas.
Emerging Markets: The top four countries comprise 74% of the MSCI EM Index. And they are all net commodity and energy importers (a drag on performance in the current environment).
Energy: Additional Canada-US pipeline capacity should reduce oil shipped by rail.
Credit: With banks’ balance sheets increasingly dominated by reserves and Treasuries/MBS, loan growth has been slow.
Capital markets have been happy to provide credit where banks did not.
Food for Thought: COVID impact on the performance of professional soccer players:
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
