📍Despite rising tensions in the Middle East and market fears of sudden U.S. trade decisions, global economic activity continued to register growth in June, in clear signs of business resilience in the world's major economies
📍According to S&P Global Flash PMI data, the growth rate in the United States slowed slightly but remained above the 50 mark, indicating continued expansion, as the index fell to 52.8 from 53.0 in May
📍Price pressures recorded a notable jump, with production costs and final prices rising at the fastest pace since July 2022, when the inflation wave peaked post-pandemic
📍Despite European concerns about a return to tariff escalation, some analysts believe that the private sector has begun to treat Trump's threats as a "deferred panic"
📍The biggest threat comes from another direction, as after U.S. airstrikes on Iranian nuclear facilities over the weekend, and Trump's refusal to rule out the option of "regime change" in Tehran, oil prices rose significantly on Monday
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