A relief rally lifted most markets around the globe for the trading week through Friday, June 24, based on a set of ETF proxies. The question is whether the recovery is sustainable or just a bounce within an ongoing bear market for risk assets?
Daily Archives: June 27, 2022
Macro Briefing: 27 June 2022
* G-7 leaders reaffirm their commitment to Ukraine and…
* Plan new sanctions on Russia including ban on Russian gold imports
* US economy will slow in 2022-23 but “narrowly avoid recession,” IMF predicts
* Russia defaults on its foreign debt for first time since 1918
* Central banks should act decisively to tame inflation, BIS advises
* Prominent crypto hedge fund at risk of default to repay $670 million
* Industrial metals prices set for the worst quarter since 2008 financial crisis
* Revised US consumer sentiment data confirms sharpe slide in June
* New US home sales rose in May — first monthly gain this year:
