Some updates on the jobs report this morning for the U.S.Political reaction:Reality bites:New initial unemployment claims last week: 1,603,000. Putting this into perspective:Which brings latest non-farm payrolls figures back to 1Q 2000 levels:So, yeah,…
Lowest on record
Slight moderation in the economic contraction in Brazil, India and Russia, with return to Services sector growth in China
Updating charts for COVID19 for Russia:Noteworthy: Russia cases and death counts are now breaking out of the prior trend, both to the upside.
Updating my charts comparing EU27 to U.S. experiences in the pandemic:
Updating through June 2, 2020 ECDC data:Daily counts are accelerating on-trend with no trend inversion and close to historical peaks:Death counts are lagging daily counts, but persistent decline in counts over the previous weeks has now been arrested:W…
McKinsey research note on European banks’ potential losses due to COVID19 is quite on the money:With more than 1/3rd of European executives expecting “a muted recovery that would lead to sharp drops in banks’ revenue, a squeeze on their capital, and a …
The U.S. media has been quick in accusing Russia of stirring the current wave of violence that is sweeping across the U.S. cities. As daft as it may sound, Russia has now been effectively elevated to the national cause of every malaise in many major U….
BRIC Manufacturing PMIs are out for May, showing some marginal improvements in the sector. However, of all four economies, China is the only one that is currently posting activity reading within the statistical range of zero–to-positive growth. Brazil…
Shares buybacks can have a severely destabilizing impact on longer term companies’ valuations, as noted in numerous posts on this blog. In the COVID19 pandemic, legacy shares buybacks are associated with reduced cash reserves cushions and thiner equity…