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United States
The New York Fed’s Empire State Manufacturing Index climbed to the highest level since December 2021.
Canada
Leveraged players continue to hold sizable net short positions in CAD.
United Kingdom
Youth unemployment in the UK has overtaken that of the EU.
Euro Area
Greece plans roughly €13 billion of early debt repayments in 2026, supported by fiscal surpluses and ample liquidity, which could reduce debt to 137% of GDP and bring its borrowing stock below Italy’s by year-end.
China
China’s economic activity weakened broadly in July, with incoming data surprising to the downside.
Equities
Big Tech has amassed roughly $3 trillion in mostly AI-related off-balance-sheet commitments.
Rates
The US Treasury 30-year yield is trading at the highest level since June 2007.
Food for Thought
UC Berkeley’s Calculus I diagnostics indicate readiness fell from 71% before test-blind admissions to 51% in 2021–23 and 44% in 2023, while more than one-third of students showed severe math deficits.
