The Daily Shot Brief – June 30, 2026
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United States
Every measure of consumer confidence has declined this year.
United Kingdom
Households reduced their saving rate in the first quarter as higher spending outpaced flat incomes.
Euro Area
German retail sales posted a surprisingly strong rebound. However, the quality of the data is questionable, with analysts citing an unusual deflator and overly supportive seasonal factors.
Asia-Pacific
New Zealand business confidence surged in June, with activity strengthening and inflation indicators easing.
China
China’s official NBS Manufacturing PMI edged up and returned to expansionary territory.
Emerging Markets
The consensus long-term earnings growth estimate for emerging markets has accelerated significantly.
Equities
The trailing one-year correlation between the cap-weighted and equal-weighted S&P 500 has fallen to a record low.
h/t Goldman Sachs
Global Developments
This chart shows developed-country economic conditions based on Variant Perception’s leading indicators.
