Greetings,
United States: The Chicago PMI showed a downshift in the region’s business activity in February
![The Daily Shot Brief – March 1st, 2022](https://thedailyshot.com/wp-content/uploads/US-Chicago-PMI2203010434.png)
Moreover, the spread between the indices of new orders and inventory dipped below zero, pointing to slower growth ahead. Supply-chain strains remain elevated.
![The Daily Shot Brief – March 1st, 2022](https://thedailyshot.com/wp-content/uploads/US-Chicago-Orders-inventories2203010434.png)
Europe: European rigid wage system is yet to budge despite labor shortages.
![The Daily Shot Brief – March 1st, 2022](https://thedailyshot.com/wp-content/uploads/EZ-Wages2203010434.png)
China: The overall economic momentum seems to be turning higher.
![The Daily Shot Brief – March 1st, 2022](https://thedailyshot.com/wp-content/uploads/CH-Overall-ECO-momentum-seems-to-be-turning-higher2203010434.png)
Cryptocurrency: Cryptos are sharply higher amid a surge in demand from Russia (as the ruble tumbles).
![The Daily Shot Brief – March 1st, 2022](https://thedailyshot.com/wp-content/uploads/BT-Rels2203010434.png)
Ukrainian and other global officials are concerned that crypto could be used to circumvent sanctions.
![The Daily Shot Brief – March 1st, 2022](https://thedailyshot.com/wp-content/uploads/BT-4-ST2203010434.png)
![The Daily Shot Brief – March 1st, 2022](https://thedailyshot.com/wp-content/uploads/BT-4B-ST2203010434.png)
Energy: This chart shows the expected 12-month change in the Brent spot price if sanctions were to block Russian exports, according to Numera Analytics.
![The Daily Shot Brief – March 1st, 2022](https://thedailyshot.com/wp-content/uploads/EN-Blocking-RU-exports2203010434.png)
Still, there is a lower probability of oil remaining at high levels over the next few months.
![The Daily Shot Brief – March 1st, 2022](https://thedailyshot.com/wp-content/uploads/EN-Blocking22203010434.png)
Food for Thought: Trends in shared micro-mobility:
![The Daily Shot Brief – March 1st, 2022](https://thedailyshot.com/wp-content/uploads/VTT-Trends-in-shared-micromobility2203010434.png)
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com