The reflation trade continues to lose momentum, or so the ongoing slide in the 10-year Treasury yield suggests.
Energy stocks are having a good year, or so it seems by using the usual suspects as a benchmark. Traditional names – Exxon Mobil and Chevron, for example – have posted sharp rallies after suffering in 2020. The wider world for so-called alternative energy, by contrast, is a mixed bag in 2021.
* Congress under renewed pressure to revise antitrust laws
* US infrastructure plan would boost growth and lower debt, predicts study
* Survey shows economists expect several US rates hikes by 2023
* UK economy fell more than expected in Q1, revised data show
* Eurozone inflation eased in June, ahead of expected rebound in summer
* China Mfg PMI slips to 50.9, indicating a modest pace of growth in June
* US Consumer Confidence rises to new peak in June following onset of pandemic
* US 1-year change in home prices accelerated further in April, above 2005 peak: