Eurozone, Japan And China Are Slowing Down

#JAPAN JUN PRELIMINARY PMI MANUFACTURING: 53.1 V 52.8 PRIOR *Export orders index declines for first time since Aug 2016 in a warning sign about overseas demand❗ *Link: https://bit.ly/2K6u9K0 COPPER: down -17.5% in 2018, the Chinese have not been able to …

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Japan has a 2.5% unemployment rate and a higher labor participation rate than America so its labor market is tight. However, economists are only expecting 1% wage growth in Japan in 2018. Will America become Japanified?

via upfina: The April jobs report in the US wasn’t great as there were misses across the board. The total jobs created was 164,000 which missed estimates of 191,000. The participation rate missed estimates for 62.9%, coming in at 62.8%. …

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QE Party Over, even by the Bank of Japan

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter First decline in its colossal balance sheet since 2012. An amazing – or on second thought, given how central banks operate, not so amazing – thing is happening. On one hand… Bank of Japan Governor Haruhiko …

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