Asia kicks off the new trading month for global markets on Monday, with manufacturing PMI data from the continent's biggest economies setting the local tone and investors still banking on U.S. and other interest rates coming down soon.
Economists at Barclays reckon growth in the second quarter will be virtually zero, and Citi's economic surprises index for China is negative for the first time in nearly four months. The European Central Bank is set to cut rates this week, and Citi's economic surprises indices across major and emerging economies have all fallen substantially recently.
The rupiah's bounce lasted only a few weeks. The currency is back probing fresh four-year lows, and last week fell 1.6% for one of its biggest weekly losses since the pandemic. Fact Check: Trump Once Said a Candidate Under Federal Investigation 'Has No Right to Be Running.' Here's the ContextThe former president was found guilty of 34 felony counts on Thursday, May 30, over his attempts to conceal $130,000 in hush money that was paid to DanielsMan Who Picked Nvidia Before Jump Reveals New PredictionIt’s unclear what effect Donald Trump’s conviction will have on his run for president, but it has already taken a toll on his physical appearance.
Video shows Ukrainian drone taking out a jet ski with 2 Russian soldiers who were attempting to cross the Dnipro River