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The United States: Robust Amazon Prime Day and back-to-school sales contributed to the upside surprise. The charts below provide the breakdown by sector.
The United Kingdom: Inflation was higher than expected last month, with the core CPI remaining stubbornly high.
Europe: Sweden’s core inflation remains stubbornly high.
China: International air travel remains below pre-COVID levels.
Equities: Global fund managers are becoming less bearish.
Global Developments: NDR’s global recession probability has declined.
Food for Thought: US credit card delinquencies:
Edited by Josh Oldmixon
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