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United States
Carlyle’s portfolio-company KPIs remain consistent with real GDP growth of 2.4% and corporate revenue growth of 6%.
Euro Area
French 10-year OATs have delivered the worst year-to-date returns among major developed-market government bonds.
China
China is stepping up enforcement of a 20% tax on income from offshore trusts, including interest and dividends, as authorities tighten scrutiny of overseas wealth. The chart below shows that Hong Kong dominates offshore allocations among affluent mainland Chinese.
India
The Reserve Bank of India delivered its first rate hike in nearly four years, lifting the repo rate by 25 bps to 5.5% and shifting to a “calibrated tightening” stance as oil-driven inflation builds.
Equities
Q3 margin estimates have been revised lower in every sector except tech.
Rates
Are Treasury yields just catching up to improving economic surprises?
Food for Thought
Registrations of Slovenia’s .si domains surged after President Trump directed federal agencies to use “super intelligence” (SI) in place of “artificial intelligence” (AI).
