Greetings,
The Eurozone: Let’s begin with the French elections.
The euro moved higher.
China: The PMI index from S&P Global shows robust growth in factory activity.
But the official PMI measure remains in contraction.
Commodities: Most commodities are in a bear market, which typically precedes a period of weakness in the broad index.
Credit: Demand for leveraged loans remains robust.
Global Developments: Here is currency performance data for June and year-to-date.
Food for Thought: Actions taken by adjustable-rate mortgage holders after the fixed-rate period ends:
Edited by William Villacis
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