Most of the major asset classes continued to rally in July, led by a surge in commodities, based on a set of ETFs. US bonds, by contrast, remained the outlier, posting a third straight monthly loss.
Daily Archives: August 1, 2023
Macro Briefing: 1 August 2023
* Bidenomics seems to be working for the US economy
* Do lackluster earnings projections threaten stock market’s rally?
* America’s first new nuclear reactor in decades becomes operational
* China’s manufacturing sector contracted in July, rippling across Asia’s factories
* China’s new metals export controls will reverberate in global chip industry
* Prices charged for eurozone goods fall at quickest pace since 2009
* Chicago PMI up less than expected in July, continues to indicate contraction
* Texas manufacturing activity continues to contract in July
* US banks expect to tighten loan standards in second half of 2023
