Wolf Money(world market review 26 Jul - 01 Aug 2021)
Navin Rawanchaikul Thailand 1971 Rirkrit Tiravanija Argentina 1961 Cities on the move 6 circa 1999 Collection of The National Gallery Singapore Market Summary 26 Jul – 01Aug 2021 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸 - US consumer sentiment fell to 5-mth low at preliminary reading 80.8 in July + US Senate voted to advance trillions of infrastructure packages after weeks of negotiations + US key inflation barometer closely followed by Fed gauge up 3.5% annually in June for fastest gain since 1991 + US consumer spending up 1% in June, faster than expected + US GDP rose 6.5% in Q2, below estimate 8.4%, initial claims for unemployment at 400,000 vs 380,000 expectations - SEC blocks Chinese IPO filing until risks better disclosed + US equity funds saw strong inflows in the week to July 28, bolstered by optimism over earnings and faster recovery + Biden wants US automakers to pledge 40% EVs by 2030: source + Fed holds its benchmark interest rate near zero, says economy has gotten better even wi