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The United States: Investors are still betting on the corporate tax reform. Here are the latest survey results from Credit Suisse.
Source: Credit Suisse
Source: Credit Suisse
Global Developments: This chart shows the fiscal “health” of select countries: government debt versus borrowing requirement as a percentage of the GDP.
Source: Moody’s Investors Service
China: Several economic indicators point to slower economic growth.
The credit expansion and the Capital Economics activity index:
Source: Capital Economics
The Sales Manager Index (SMI):
Source: World Economics
The United Kingdom: Home price appreciation continues to cool – coming in materially below consensus (now slower than in the US).
Equity Markets: While the Nasdaq Composite hits another record… [That was yesterday; today came with a shart decline from the record highs. ~ ed.]
… the S&P 500 is having trouble breaking through the 2,400 resistance line.
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The Eurozone: The euro rose to the highest level since November as the currency bloc’s economy continues to show progress.
Here is the latest ZEW sentiment reading for the euro area.
Europe: Elsewhere in Europe, Swiss inflation has unexpectedly turned lower again. Is the country at risk of entering another deflationary cycle, given how overvalued the Swiss franc has been?
Emerging Markets: The Turkish government is ramping up fiscal stimulus to keep economic growth on track.
Source: BMI Research
Food for Thought™: Bullying at schools around the world.
Source: @OECD, @josephncohen; Read full article
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