This is the Daily Shot Brief, an abridged version of The Daily Shot. If you would like to subscribe to the full-length Daily Shot (see example), please register here.
United States
The NFIB Small Business Optimism Index jumped, although a response rate of around 9% calls into question the reliability of the data.
United Kingdom
Britain is an outlier where the graduate earnings premium has declined despite higher-education expansion.
Euro Area
How do euro area countries generate electricity?
Asia-Pacific
Advanced Asian economies have the greatest labor-market exposure to AI.
China
China’s national saving rate remains far above those of global peers.
Emerging Markets
Frontier high-yield sovereign spreads have tightened by roughly 100 basis points over the past year, extending a substantial post-pandemic compression.
Equities
BCA expects the AI capex boom to divide tech between hyperscalers—whose higher returns on invested capital relative to their cost of capital support value creation—and neoclouds—whose weaker returns and higher financing costs increase the risk of value destruction.
