Investors on recession watch learnt little they didn't already know from the world's top central bankers. Fighting inflation is the top priority and avoiding a recession comes second. U.S. Fed Chair Jerome Powell acknowledged that some "pain" would be involved in the process.

The first half of 2022 constitutes the worst semester for Wall Street's S&P 500 (.SPX) since the 2008 financial crisis. With just one session left to go, the U.S. index is set for a decline of 20% over the past six months. The plunge, matched only twice during the past 50 years.

Japan's factory output posted its biggest monthly drop in two years. New Zealand business sentiment fell again in June. Swedish Riksbank meeting; Monetary policy report to be published at 0730 GMT. U.S. PCE index and German retail sales to be released on Thursday.
Posted by WA wagmi
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