Greetings,
The United States: Fewer service firms are boosting wages.

The United Kingdom: Gilt issuance has been climbing.

Europe: This map shows six different socioeconomic clusters across European regions.

China: Corporate profits in China have fallen for three consecutive years, with 2024’s year-to-date decline notably sharp. Meanwhile, 25% of Chinese firms with revenue exceeding Rmb 20mn reported losses, reflecting a rising proportion of loss-making companies amid growing overall totals.

Equities: Related to the above, the average S&P 500 stock (equal-weight index) and midcaps have outperformed the S&P 500.

Food for Thought: The US insurance industry’s market value totals $1.7 trillion.

Edited by Josh Oldmixon
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