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United States
A substantially larger share of outstanding mortgages now carries interest rates below prevailing market rates than in 2022.
Euro Area
Italy’s high concentration of employment in small firms may contribute to its weak productivity growth relative to the G7 and OECD averages.
Europe
Demand for data center workers is accelerating across Europe, even as hiring for other technology roles remains subdued.
Japan
Households’ government bond holdings as a share of cash savings have risen recently from a low base.
Emerging Markets
Surging AI-driven earnings forecasts for Asian chip and hardware suppliers …
… have pushed emerging-market stocks to a record valuation discount to US peers.
Equities
Only 3.2% of the utilities sector’s constituents yield more than the 10-year Treasury, challenging the sector’s traditional income appeal.
Rates
Bridgewater’s analysis shows that global term premiums have historically been correlated with the share of outstanding bonds held by price-sensitive investors.
Food for Thought
Americans are increasingly choosing solitude over socializing, even as participation in some out-of-home activities rises.
