Archive for July 11th, 2022

New Overnight Developments Abroad - Daily Update

Dollar Up on Fresh Concerns Out of China and Russia and Continuing Worries that Fight to Constrain Inflation Will Cause a Global Recession

July 11, 2022

The highly contagious BA.5 subvariant of Omicron has emerged in China, prompting officials there to reimpose Covid restrictions that previously slowed that economy significantly. Russian President Putin warned that western sanctions will lead to an intensifying energy crisis. Higher inflation has been reported in several countries. Factors like these would make this a very challenging […] More