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Customer LoginsResearch Signals - July 2021
In a month of exciting and record-breaking competition during the Tokyo Olympics, several chart-topping events affected global markets and a broad representation of factors competed for the monthly performance lead across regions (Table 1). US and European equity markets continued to post all-time highs, though stocks struggled in Asia as rising coronavirus cases, including daily counts in the Japanese capital which topped earlier records, fueled concerns on the strength of the global economic recovery. While the J.P.Morgan Global Manufacturing PMI maintained a solid pace of expansion, with gold, silver and bronze medals awarded to the Netherlands, Germany and Austria and the US just shy of making the podium, record supply chain constraints drove up input prices and hindered growth.
Table 1
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This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.
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