Greetings,
United States: Initial jobless claims remain stubbornly high relative to pre-pandemic levels.
Eurozone: The ECB slightly adjusted its forward guidance based on the new strategy. The central bank is now even more dovish, with tapering unlikely to be announced this quarter.
The statement language was shorter and more direct.
China: Lower trade policy uncertainty has been a positive for the renminbi.
Commodities: Coffee futures soared in response to the situation in Brazil
Equities: Buyback activity has been recovering this year.
Food for Thought: Opposition to Tokyo Olympics:
Edited by Richard Holmes
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