- When Wall Street's strong second-quarter rise lost steam at the conclusion of last week, the market was more cautious Monday, which resulted in a decline in global stocks.
- With equities, volatility, and the dollar shaking off the effects of 10 rate hikes, Wall Street's surge has now undone more than a year's worth of losses brought on by the Fed. But, as the rate trajectory becomes more ambiguous, traders are torn between the rally's allure and worries that it has run its course and the market is overbought.
- in its most recent meeting last week. The Fed maintained interest rates but issued a warning about further tightening. In the past, stopping rate increases for three months following a lengthy period of rate increases has helped stock values.
- ECB is said to tell banks to brace for harsher stress test result.
- China’s President Xi tells Blinken very good progress was made on US-China relations.
- UK interest rate swaps show greater than 50% chance of BoE rates reaching 6% by February 2024.
