Global yields reach 15-year highs amid fears of a rate hikes
Global government bond yields continued their ascent – the US 30-year hit its highest level since 2011 and other benchmarks returned to 2008 levels – as resilient economic data refuted…
Dutch economy officially enters recession
The Netherlands unexpectedly fell into its first recession since the pandemic due to a decline in consumer spending and exports. GDP shrank by 0.3% in Q2 of 2023 compared to…
China Evergrande files for Chapter 15 bankruptcy in New York
China Evergrande Group has sought Chapter 15 bankruptcy protection in New York, court documents showed Thursday. Chapter 15 bankruptcy protects the company’s assets in the US while it restructures elsewhere.…
Japan increased grain imports from Russia by 5680% in July 2023
Yeah, that’s not a typo, 5680%. The data comes from trade statistics released by Japan’s Ministry of Finance. A few other key points: ▪️Exports of vehicles to Russia grew by…
US stock market overheated – BofA analysts say
Bank of America analysts report that, according to all key metrics, the current value of S&P500 companies is higher than it should be, which is a sign of a major…