Wolf Money(world market review 17-23 July 2023
Salvador Dali Spain 1904-1989 Snail Queen circa 1974 Collection of Parkview Square Market Summary 17-23 Jul 2023 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸 - Conference Board Leading Economic Index fell for 15th straight mth in Jun, declined 0.7% to 106.1 - Fed will raise benchmark overnight interest rate by 25bps to 5.25%-5.5% on Jul 26; 106 economists polled by Reuters + US retail sales rise 0.2% MoM; May’s figure revised up to 0.5% MoM growth from 0.3% + US jobless claims fell last week to lowest level in 2 mths to seasonally adjusted 228,000 + Morgan Stanley raised US economic growth forecast for the year on strong industrial sector and infrastructure investment + US banks increased reserve for commercial real estate exposure + Global private equity firms are sitting on record US$2.49 trillion as dealmaking slows: S&P + US semiconductor trade organization requested govt halt further sanctions on chip sales to China + Micron’s president n CEO met with China’s Ministry of Commerce: Chinese M