Greetings,
United States: The Chicago PMI showed a downshift in the region’s business activity in February
Moreover, the spread between the indices of new orders and inventory dipped below zero, pointing to slower growth ahead. Supply-chain strains remain elevated.
Europe: European rigid wage system is yet to budge despite labor shortages.
China: The overall economic momentum seems to be turning higher.
Cryptocurrency: Cryptos are sharply higher amid a surge in demand from Russia (as the ruble tumbles).
Ukrainian and other global officials are concerned that crypto could be used to circumvent sanctions.
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.
Still, there is a lower probability of oil remaining at high levels over the next few months.
Food for Thought: Trends in shared micro-mobility:
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
