The expected risk premium for the Global Market Index (GMI) ticked down in June to an annualized 4.8%, a fractional decline from the previous month’s outlook. The projected return over the “risk-free” rate is a long-run estimate for the index, which is an unmanaged market-value-weighted portfolio that holds all the major asset classes.
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Germany’s Merkel stays in power by compromising on migration: CNN
Trump and Mexico’s new president vow to work together: USA Today
Trump warns World Trade Organization of action if US isn’t treated fairly: Reuters
Trump warns NATO countries to spend more on defense: NY Times
Construction spending in US rose 0.4% in May: MarketWatch
ISM Mfg Index: US factory output up more than expected in June: Bloomberg
PMI: US mfg growth eased but remained strong in June: IHS Markit
Eurozone mfg growth dipped to 18-month low last month: IHS Markit
10 Tech stocks account for all of S&P 500’s gain in 2018’s first half: Bloomberg