Greetings,
The United States: The employment index held in contraction territory.
The United Kingdom: Home prices rebounded in May.
Emerging Markets: Mexico’s manufacturing activity remains in recession.
Energy: Solar curtailments in California surged in 2024, with spring showing the most excess as midday solar output outpaced demand and transmission constraints limited exports. Despite record battery deployment and real-time trading gains via the Western Energy Imbalance Market, structural oversupply and grid inflexibility continue to force large volumes of solar offline.
Equities: US earnings revisions have rebounded more quickly than those in the rest of the world.
Food for Thought: How workers “look busy” during the workday:
Edited by Josh Oldmixon
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