Factories Slow Down From US To Asia

A measure of U.S. manufacturing activity weakened in June to a two-year low, and several regional Federal Reserve surveys indicated business activity shrank. Factory purchasing managers’ gauges across Asia eased, with South Korea, Thailand and India among those showing the biggest declines, according to S&P Global. .

Stocks in Asia, US Futures Dip on Inflation Anxiety: Markets Wrap

“I would not rush in to buy anything blindly right now; I still think we are going to have some pains over the next couple of weeks and months as inflation starts to stabilize, ”Erin Browne, multi-asset strategies portfolio manager at Pacific Investment Management Co., said on the“ Bloomberg Surveillance ”show. .

Sri Lanka Is Put On Virtual Lockdown As Fuel Supplies Are Halted

Citizens were put on a virtual lockdown amid crippling sovereign debt crisis that’s left the nation with no fresh fuel supplies. .

Ray Dalio Says Reducing Inflation Will Come at Great Cost

While tightening leads to less consumer spending, which may reduce inflation, it does not make things better, the billionaire founder of Bridgewater Associates LP said. “It just shifts some of the squeezing of people via inflation to squeezing them via giving them less buying power,” Dalio added. .

Gut-Wrenching Surge in US Real Yields Is Crushing Risky Assets

Inflation-adjusted bond yields were negative for about two years, providing a key pillar of support for risk assets, which looked more appealing as a result. Their climb above zero has evaporated that positive backdrop, undermining equity valuations and threatening their relative attraction to bonds. .