— 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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