๐บ๐ธ New York City: 349,500
๐บ๐ธ The Bay Area: 305,700
๐ฏ๐ต Tokyo: 298,300
๐ธ๐ฌ Singapore: 244,800
๐ฌ๐ง London: 227,000
๐บ๐ธ Los Angeles: 212,100
๐ซ๐ท Paris and Ile-de-France: 165,000
๐ฆ๐บ Sydney: 147,000
๐ญ๐ฐ Hong Kong: 143,400
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๐จ๐จ Germany ๐ฉ๐ช has blocked the sale of a #Volkswagen subsidiary to China ๐จ๐ณ on national security grounds.
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๐จ๐จ๐จ BREAKING: Biden ๐บ๐ธ is reportedly experiencing a medical emergency on Air Force One.
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@Fin_Watch
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๐บ๐ธ FED'S WILLIAMS: THERE IS STILL A WAY TO GO TO REACH 2% INFLATION TARGET ON A SUSTAINED BASIS
๐บ๐ธ FED'S WILLIAMS: ECONOMY IS DOING REMARKABLY WELL
@Fin_Watch
๐บ๐ธ FED'S WILLIAMS: ECONOMY IS DOING REMARKABLY WELL
@Fin_Watch
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๐บ๐ธ FED WARNS THAT VALUATIONS ARE HIGH RELATIVE TO FUNDAMENTALS IN MAJOR ASSET CLASSES
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๐จ๐จ JUST IN: ๐ฌ๐ง Brexit has accelerated immigration to 3x higher.
Almost ALL UK immigration now comes from non-EU countries, while Europeans continue to leave the UK.
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Almost ALL UK immigration now comes from non-EU countries, while Europeans continue to leave the UK.
@Fin_Watch
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Russia now has the 4th largest economy in the world in terms of purchasing power parity, despite 2 years of western sanctions.
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๐จ๐จ๐จ BREAKING: NBC News reports that 'more than half a dozen Democrats in Congress' described President Biden's ๐บ๐ธ political situation in stark terms including โheartbroken,โ โdoomedโ and a โf-----g disaster'.
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1. Fed Chair Powell Testifies - Tuesday
2. OPEC Monthly Report - Wednesday
3. June CPI Inflation data - Thursday
4. June PPI Inflation data - Friday
5. Michigan Consumer Sentiment data - Friday
6. Total of 9 Fed speaker events this week
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๐บ๐ธ More evidence of a slowing US economy:
US services activity contracted in June at the fastest pace since the 2020 pandemic.
The ISM services PMI index fell by 5 points to 48.8, missing expectations of 52.5 points.
This was primarily driven by an 11.6 point decline in the business activity index to its lowest since level April 2020.
In the past 30 years, such a service activity drop happened only during recessions.
Furthermore, new orders shrunk for the first time since 2022.
@Fin_Watch
US services activity contracted in June at the fastest pace since the 2020 pandemic.
The ISM services PMI index fell by 5 points to 48.8, missing expectations of 52.5 points.
This was primarily driven by an 11.6 point decline in the business activity index to its lowest since level April 2020.
In the past 30 years, such a service activity drop happened only during recessions.
Furthermore, new orders shrunk for the first time since 2022.
@Fin_Watch
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๐ซ๐ท BREAKING: Left-wing bloc has won 184 seats, Macron's centrist bloc wins 156 and Marine Le Pen's RN has won 141 seats so far.
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@News_Crypto
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๐บ๐ธ House Democrats and Republicans may come together next week to overturn President Joe Biden's veto on crypto legislation SAB 121
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JUST IN: ๐บ๐ธ Morgan Stanley's Wilson says a 10% fall in S&P 500 by US election is 'highly likely'
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๐บ๐ธ The Federal Reserve might cut interest rates 8 straight times beginning in September for a total of 200 basis points, says Citi
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