The global markets are currently in a precarious state as investors are becoming increasingly worried about the possibility of stocks being overvalued. Despite a relatively solid earnings season, there is a prevailing sense of unease that seems to overshadow any positive news. Around half of the developed-market central banks have already started cutting interest rates,
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The recent flash estimate for HICP inflation revealed an unexpected but marginal increase in headline inflation in July, rising to 2.6% from 2.5% in June. This uptick was influenced by a stronger energy sector, with energy prices rising by 1.3% year-on-year, compared to a mere 0.2% increase in June. The spike in petrol prices and
China’s manufacturing activity has continued to shrink for the third consecutive month in July, according to an official factory survey released on Wednesday. This ongoing trend has raised concerns about the need for Beijing to implement further stimulus measures to counteract the negative impact of a protracted property crisis and job insecurity on economic growth.