The Monday Mix: July 1 – 7, 2024

hand holding coffee cup

The U.S. unemployment rate edged up slightly in June to 4.1%, the highest level since Oct. 2021, as 205,000 new jobs were added.

U.S. manufacturing output fell 0.5% in May and is down 4.3% annualized in the first quarter of 2024, on weaker demand for durable goods.

The European Commission imposed stiff temporary tariffs on Chinese electric vehicle imports, which at the end of 2023 had 25% of the European market vs. 4% in 2020.

The French stock market rose as France’s Parliamentary elections resulted in a welcomed split between left, center and right;  in UK elections, the Labor Party won a landslide victory.

Through mid-June 2024,  there have been 189 corporate shareholder proposals related to the environment and only two of these were voted on and passed. 

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