Stories we should be thinking about
An interesting Sunday! The weekend started so optimistically...
‘Value of global stocks crossed $80tn for 1st time in history as Goldilocks scenario prevails. Now worth $80.3tn, equals to 105% of world GDP’
And of course this was after a Friday which included data like: "Global Manufacturing PMI at 75-month high in August"
And as I noted on Twitter at the time: ‘thanks lower $USD for your contribution to global balance’
Oh yes, the US dollar has been weak YTD...
...and you can see the influence on the manufacturing PMI of higher commodity prices (input costs) which are typically helped by a lower US dollar:
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