Greetings,
The United States: Let’s start by looking at the US, where GDP unexpectedly contracted in the first quarter.
![The Daily Shot Brief – April 29th, 2022](https://thedailyshot.com/wp-content/uploads/US-GDP2204290438.png)
In the labor market, jobless claims are holding near multi-decade lows.
![The Daily Shot Brief – April 29th, 2022](https://thedailyshot.com/wp-content/uploads/US-Claims2204290438.png)
The Eurozone: Next, Germany’s consumer inflation hit 7.8% as the country considers a Russian oil embargo.
![The Daily Shot Brief – April 29th, 2022](https://thedailyshot.com/wp-content/uploads/EZ-GE-CPI2204290438.png)
![The Daily Shot Brief – April 29th, 2022](https://thedailyshot.com/wp-content/uploads/EZ-GE-CPI-ST2204290438.png)
China: Tech stocks are surging in Hong Kong on bets that Beijing will ease up its regulatory campaign.
![The Daily Shot Brief – April 29th, 2022](https://thedailyshot.com/wp-content/uploads/CH-Tech2204290438.png)
![The Daily Shot Brief – April 29th, 2022](https://thedailyshot.com/wp-content/uploads/CH-Tech-ST2204290438.png)
Emerging Markets: The Russian ruble hit the strongest level since November.
![The Daily Shot Brief – April 29th, 2022](https://thedailyshot.com/wp-content/uploads/EM-RUB2204290438.png)
Commodities: Cotton futures are soaring. Gains are driven by demand from China at a time when the US cotton crop suffers from drought.
![The Daily Shot Brief – April 29th, 2022](https://thedailyshot.com/wp-content/uploads/CO-Cotton2204290438.png)
Food for Thought: Lastly, let’s look at US domestic migration trends
![The Daily Shot Brief – April 29th, 2022](https://thedailyshot.com/wp-content/uploads/VTD-Domestic-migration-trends2204290438.png)
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com