Daily Archives: June 13, 2023

Macro Briefing: 13 June 2023

* China unexpectedly cuts key interest rate amid concerns of slowing growth
* US junk loan defaults rise sharply as higher interest rates take a toll
* Japan’s Nikkei 225 stock index rises to highest level since 1990
* A sharp downturn in commercial real estate would threaten big banks
* US regulators seek to block Microsoft’s Activision takeover
* Consumer inflation expectations for year-ahead outlook ease in May: NY Fed

Continue reading