Greetings,
The United States: Markets saw the “supercore” inflation slowdown as a positive sign.
The 1-month T-bill yield surged well above the rest of the curve as the X-date looms.
Equities: Airline shares have sold off in recent days.
Credit: Bankruptcies are expected to surge.
The Eurozone: The economic surprise differential with the US points to downside risks for the euro.
China: State-owned companies have been outperforming.
Global Developments: Global services activity continues to diverge from manufacturing.
Food for Thought: Lastly, here are Bloomberg’s terminal vs. non-terminal revenues:
Edited by William Villacis
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