Greetings,

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

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

Subscribe to the Daily Shot Brief