The Global Market Index fell 1.7% last week (through June 23), marking the first decline for this multi-asset-class benchmark since the final week of May.
Daily Archives: June 26, 2023
Macro Briefing: 26 June 2023
* Putin survived the mini coup launched by Wagner, but his authority takes a hit
* Oil market may face new supply risks after failed uprising in Russia
* World economy at crucial point as inflation struggle continues, advises BIS
* Global economy increasingly relies on consumers for growth
* World’s debt crisis is becoming increasingly complicated due to US-China Rivalry
* Corporate defaults double over year-ago level, reports Moody’s
* China consumer, factor data edge up but still highlight weak economy
* Yen’s recent weakening may be threat to Japanese economy
* Rise in corporate defaults linked to rising interest rates, economic uncertainty
* Pandemic effects, government aid boosting economic resilience, at least for now:
