Greetings,
United States: Morgan Stanley expects the latest initial unemployment claims to hit 4.45 million.
Below is an updated set of Q2 GDP growth estimates.
Asia-Pacific: South Korea’s manufacturing PMI hit the lowest level since 2009.
China: China’s government bonds have been less volatile than debt markets elsewhere.
Energy: BCA Research expects the Brent oil price to fall lower before staging a rebound above $60 per barrel.
Credit: European investment-grade spreads haven’t tightened as quickly as US counterparts, which were helped by the Fed.
Food for Thought: Skipping medications due to cost:
Edited by Daniel Moskovits
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