The Daily Shot Brief – June 5, 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
A Boston Fed study finds that while a 33% real oil price shock would lift PCE inflation by about 1.5 percentage points over the following year, the US economy is far less vulnerable to employment losses than in the 1970s, because lower oil dependence and increased domestic production help offset the shock’s labor market impact.
United Kingdom
Potential redundancy notices rose to the highest level since late 2020, signaling a deteriorating labor market.
Japan
Nominal average cash earnings accelerated, driven by a jump in volatile special wages while core basic wage growth held firm.
Asia-Pacific
The percentage of Kospi members at 52-week lows has surged to late-2024 levels.
Equities
The total assets held by Vanguard S&P 500 ETF (VOO) have surpassed $1 trillion.
Commodities
Metals Focus forecasts physical investment demand for gold to rise to its highest level since 2013 and surpass jewelry demand for the first time in 2026.
Global Developments
Global food prices held near a three-year high in May.
