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US business cycle in downturn according to the CEIC Leading Indicator
This is the sixth consecutive drop of the non-smoothed indicator

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India’s INR/USD exchange rate continues to depreciate, closing at 78.94 in June 2022
By July 7, 2022, the INR/USD had reached 79.19

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US job openings drop for the second month in a row
The data reveals that the sharpest monthly drop in May was posted by the sub-group of the professional business services

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India posts another record high trade deficit in June
India's exports grew by 16.8% y/y in June 2022, decelerating from the 20.6% y/y in May

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India’s Bombay Stock Exchange Sensex closes at 53,018.94 in June 2022
The decline reverberated across all sectors

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Brazil’s unemployment falls to 9.8% in May
The country recorded 97.5mn occupied workers in May

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Euro Area: Credit growth accelerates in May
Euro Area accelerated in May, increasing by 5.8% y/y from 5.5% y/y in April

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Euro Area: Manufacturing PMI posts the largest drop since September 2021
The S&P Global Manufacturing Purchasing Managers' Index dropped to 52 from 54.6 in May

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India's financial account posts surplus of 14,225.52 USD mn in March 2022
In the previous quarter, there was a surplus of 22,226.19 USD mn

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CEIC Leading Indicator for Indonesia slows further in May
The non-smoothed indicator fell 2.6 points m/m to 117.9

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Euro Area trade deficit deepens further in April
Exports annual growth decelerated to 12.6%

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China retail sales down by 6.7% y/y in May 2022
Retail sales declined by 11.1% y/y in April