This is the one-month anniversary of the bulletin.
Today was another dysfuntionally busy day for the world's data, mainly thanks to the profusion of Markit's manufacturing PMIs. They show different economies at different stages of recovery, and I split them into those which are still facing very tough times; those nearly stabilizing, and those which actually began to grow again in June.
But the only one which really mattered today was the US ISM, which was very strong.
I also look at recovery signals coming from global international air freight volumes in May, headed by US, with Europe and Asia lagging.
