The Daily Shot Brief – June 10, 2026
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 edged down to the lowest level since October 2024.
Euro Area
The German Weekly Activity Index slumped to the lowest level since October 2022.
China
China’s headline inflation held steady at 1.2% year over year, as a drop in food prices offset higher energy costs. Core CPI softened to 1.1% year over year, driven by weaker tourism-related services.
India
While AI has fueled a surge in EM technology stocks, India’s IT sector has been left behind.
Equities
The three-month return spread between the highest- and lowest-performing deciles in the technology sector has surged to dot-com-bubble levels.
Energy
The Brent–WTI spread has fallen below where it stood before the Iran conflict.
Global Developments
Over the past 125 years, all major paper currencies have lost nearly 100% of their value relative to gold.
