Greetings,
The United States: Starting off, used vehicle prices have been declining.
Household net worth tumbled last quarter as stocks slumped.
The United Kingdom: BoE rate hikes are expected to outpace the Fed’s tightening.
Commodities: Commodity trading has been profitable for banks this year.
Equities: Short-covering gave stocks a boost last week.
Here’s last week’s performance for the stocks of the largest tech firms.
Global Developments: Barclays downgraded its global GDP growth estimate while boosting inflation forecasts.
China’s tumbling PPI will help ease global price pressures.
Food for Thought: No areas experienced a record cold in 2022.
Edited by Alexander Bowers
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