Hey there! Just a quick note to let you know that this edition of the Blockhead Business Bulletin is brought to you by our sponsor, Franklin Templeton. They're a global investment management organisation with over 75 years of investment experience. Being a California-based company, they offer value by leveraging its Silicon Valley roots and relationships with countless fintech, blockchain, and AI companies to bring insights directly to their clients. So, sit back, relax, and enjoy today's news knowing that it's made possible by our friends at Franklin Templeton.
CAPITAL FLOWS IN GLOBAL MARKETS
Government data showed that US employment growth slowed more than anticipated in June, alleviating anxieties about the future of Federal Reserve rate hikes, and the dollar finished Friday's session lower while global share indexes were essentially steady.
The focus area of strategists' yearly forecasts as the new year began was that the world was about to enter a recession. The basic assumption was that as stock prices retested their bear-market lows, bond prices would soar.
The dramatic rate rises that caused so much market distress in 2022 would soon be reversed by central banks. If growth were to slow much more, hazardous investments would suffer even more.
