World Bank cuts global growth forecast to 2.5% for 2026
The World Bank cut its 2026 global growth forecast to 2.5%, the weakest outlook since the pandemic began in 2019.
Coverage of market moves, trends, and key drivers across asset classes.
The World Bank cut its 2026 global growth forecast to 2.5%, the weakest outlook since the pandemic began in 2019.
Bankers value SpaceX at $1.75 trillion in the planned share sale, putting it among the world’s 10 most valuable companies.
The Dow fell 953 points and the Nasdaq slid nearly 2% as energy and rate fears hit stocks.
SpaceX set a fixed offering price of $135 a share and aims to raise $75 billion at a roughly $1.75 trillion valuation.
The cryptocurrency is trading near $60,000, a psychological level that previously drew buyers and sits close to its 200-week moving average at $61,778.
Private employers added 122,000 jobs in May, the strongest hiring month since January 2025, with gains spread across eight of ten sectors.
South Korean markets gained over 80% this year while Indonesia fell 25% as investors pivot to nations with robust energy buffers and technology exposure.
The 10-year Treasury yield jumped 24 basis points to top 4.6% as oil prices remained above $100 a barrel amid the ongoing conflict in Iran.
Japan's annualized GDP grew 2.1% in the first quarter to beat estimates even as the Bank of Japan halved its full-year growth forecast to 0.5%.
Rising energy costs pushed annual inflation to 3.8% in April, driving the 10-year Treasury yield to its highest level in nearly a year.
U.S. crude futures rose above $107 a barrel as 10-year Treasury yields climbed to 4.6% following President Trump's military warnings to Iran.
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