Key Rate and CPI , %
The central banks of China, Brazil, Indonesia and Mexico followed the previously outlined policy, keeping key rates at the level set in May. At the same time, China decided to stimulate key sectors of the economy by issuing long-term treasury bonds instead of cutting its key rate.
Industrial production in developed countries 2 years, YoY, %
In June, retail sales in the United States decreased to 2.30% year-on-year. Retail sales in China rose 2.00%, slowing significantly from a 3.70% increase in May. However, according to JATO Dynamics, China will overtake the US in auto sales for the first time in 2023. Chinese brands sold 13.43 million new cars, while US brands sold 11.93 million.
US industrial production rose 1.58% year-on-year in June, beating expectations, and capacity utilization in the manufacturing sector rose to 78.8% from 78.3%.
The US unemployment rate rose to 4.10% in June, an anti-record since December 2021. The number of unemployed rose by 162,000 to 6.81 million.
Yield curves for June 2024, 2023, and 2022 years
The US Treasury yield curve shifted lower after US retail sales data for May rose less than expected, while French long-term bond yields rose after President Emmanuel Macron decided to call snap parliamentary elections.
The dollar index (DXY), which measures its strength against a basket of six other currencies, rose to 105.85 by the end of June from 104.62 at the end of May. According to a report released by the European Central Bank, global central bank euro holdings are set to fall by around €100 billion in 2023 to a three-year low of 20%.
During June, the S&P 500 Index rose by 3.47%, the NASDAQ Composite by 5.96%, and the Dow Jones Industrial Average by 1.12%. Since the beginning of the year, the indices have increased by 14.48%, 18.13%, and 3.79%, respectively.
Dynamics of key stock indices, YTD
At the June 2 meeting, OPEC+ countries extended voluntary oil production cuts by about 2 million barrels per day. The price of WTI crude oil rose by 5.56% in June and Brent by 4.52%, bringing the year-to-date growth to 14.00% and 10.47%, respectively.
Dynamics of energy commodities prices, YTD
IPO dynamics in the USA, 2016 – 2024
M&A dynamics in the USA, 2016 – 2024
The list of unicorns was expanded to include 3 new non-public technology companies valued at more than $1 billion.
Dynamics of Bitcoin and Ethereum prices, YTD
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