Bonds & Stocks
Wall Street’s epic rebound from April’s meltdown is showing some signs of exhaustion amid speculation the market has run too fast amid risks stemming from a trade war to an economic slowdown and sticky inflation.
Economy
US ports face a volatile operating environment this year. Cargo shipments could be pulled forward again amid a 90-day tariff de-escalation with China that expires toward the end of the peak holiday-shipment season. That raises the risk of supply-chain bottlenecks that could push up shipping costs.
World
The Japanese government is likely to establish 1% growth in real wages as its first-ever official target for pay increases, a move that comes as prolonged inflation continues to exert a drag on domestic demand.