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China: With investors significantly underweight in China’s equities, stocks surged in response to the new stimulus measures.
Asia-Pacific: The RBA maintained the current interest rates, and Governor Michele Bullock indicated that a rate hike was not actively deliberated, even though inflation continues to persist. Bond yields dropped.
The Eurozone: Total business activity contracted at the Eurozone level.
Equities: What are the drivers of the current rally? This chart is based on Bloomberg’s attribution model.
Credit: Small caps are facing a steeper debt maturity wall than large caps.
The United States: Around 45,000 dockworkers at major ports along the East and Gulf coasts are threatening to strike in October. A prolonged strike could lead to a spike in prices by disrupting supply chains.
Food for Thought: America’s favorite car brands by generation:
Edited by William Villacis
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