The United States: Initial jobless claims continue to signal tightness in the labor market.
Continuing claims are now running slightly above last year’s levels.
The Eurozone: As with other inflation reports, Italy’s CPI topped expectations.
Rates: Risks are tilted to the upside for Treasury term premium amid concerns about sticky inflation.
Energy: Oil market implied volatility continues to trend lower.
Emerging Markets: Vehicle sales in South Africa are above last year’s levels.
Food for Thought: The Social Security trust fund will be exhausted by 2035.
Edited by Josh Oldmixon
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