Global markets rebounded sharply in May, with the exception of commodities, based on a set of ETF proxies. Otherwise, gains dominated the major asset classes after April’s widespread pummeling.
Daily Archives: June 3, 2024
Macro Briefing: 3 June 2024
* European Central Bank expected to announce rate cut this week
* Opec announces extension of oil-production cuts into next year
* Eurozone factory output close to stabilizing in May via PMI survey data
* China manufacturing activity surges in May, survey data show
* Chicago PMI plunges to 4-year low in May
* US PCE inflation held steady at 2.7% year-over-year pace in April
* US consumer spending and income growth slow in April:
