Brazil reached 500,000 deaths from Covid-19 on Saturday, a toll second only to the U.S. As the milestone was officially passed, thousands protested in major cities against President Jair Bolsonaro and his handling of the pandemic.
The Bank of England’s chief economist is poised to sound an alarm bell on inflation before he leaves the building.
The thought of central bank policy makers easing off their campaign to liquefy bond markets has hung like a sword over equity investors for years. At least at the earnings level, there may be less reason for anguish than is usually recognized.
New high-grade bond sales are expected to slow next week as the U.S. summer lull starts to kick in, with syndicate desks calling for just $15 billion to $20 billion of fresh supply.
U.S. bank stocks are morphing from leaders into losers amid more signs that their searing 35% rally through this year’s first five months may have outrun the fundamentals.
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