The US stock market has pulled back after briefly hitting a 14-month high on June 16, but there’s still a case for expecting the recent revival in risk-on sentiment to roll on and push markets higher in the near term.
Daily Archives: June 27, 2023
Macro Briefing: 27 June 2023
* Russia appears to resolve stand-off with Wagner paramilitary force
* Central banks should keep rates higher for longer, says IMF chief
* Banking crisis isn’t over — inflation is key factor, advises head of BIS
* Recession forecasts still premature, says economist at Renaissance Macro, but…
* HSBC predicts US recession will start in the fourth quarter
* Major banking reforms advance in Congress
* Japan government to buy semiconductor materials giant for $6.3 billion
* Digital asset inflows surge after BlackRock’s bitcoin ETF filing: