Greetings,

The United States: The labor differential (“jobs plentiful” – “jobs hard to get”) once again points to a tight labor market.

Next, The Richmond Fed’s manufacturing index showed severe deterioration in the region’s business activity.

Europe: The contraction in Poland’s factory activity is slowing.

The United Kingdom: Brexit uncertainty has been less of a concern for businesses.

China: The official manufacturing PMI showed a massive factory activity surge in February.

Equities: Stocks still look overvalued. Here is the distribution of P/E ratios for the S&P 500.

Commodities: Here is the February performance across key commodity markets.

Food for Thought: Gender pay and labor force participation gaps globally:

Edited by Josh Oldmixon

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