US Flash PMI Data: Manufacturing Contracts while Services Remain in Expansion
US Futures lower; Japan takes a tumble; PMI numbers coming in lower; Ford cuts jobs
LEI declined yet again in May 2023
Bank of England and Norwegian Central Bank surprise with 50 bps rate hikes; Yield Curve cross -100bps; Powell reiterates further rate hikes; Turkey hikes to 15% lower than expected.
A look at the corporate bond market
Fed Chair Powell testifies before Congress at 10am ET; FedEx misses on revenues; UK Inflation comes in hotter
China lowers LPR by 0.10%; German PPI data comes in cooler; BoE inflation data and rate decision awaited this week; Taiwan's May export orders fell 17.6% y/y
Price Target Cuts on Oil; The Market Breadth Story; Lennar; Closing Thoughts - Bucking the Trend?
A curated selection of illuminating charts
Encouraging developments from the University of Michigan's survey data
But the data shows a very measured improvement overall
