Rio Times Global Economy Briefing
The Big Three
Chips bounced, partially. The Nasdaq rose 0.86% and the semiconductor ETF gained 5%, recovering some of Friday’s losses, though the rebound faded into the close.
Yields kept rising. The 10-year Treasury yield climbed 2.8 basis points to 4.564% even as stocks stabilised — the bond market still bracing for the Fed.
China’s exports surged. May exports jumped 19.4% year-on-year and the trade surplus hit a record $105.4 billion, a demand signal that lifts the commodity complex.
