A partial rebound was in play in July after widespread losses dominated the global markets during the previous two months. Notably, last month witnessed a sharp increase in US real estate investment trusts (REITs)–the first increase after three monthly declines. Stock markets in the developed world were mostly higher in July as well. But July was no stranger to selling in some corners, including hefty declines in emerging-market stocks and bonds and a dramatic slide in commodities overall.
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● US employment costs decelerated sharply in Q2
● US consumer sentiment softens more than expected in July
● Puerto Rico misses bond payments over the weekend
● PMI: Eurozone manufacturing output rises “solidly” in July
● PMI: manufacturing decline in China accelerates in July
● Greek stock market crashes on Monday after 5-week shutdown