Transcript US growth: nearing stall speed Friday's payrolls report reinforced our view that US growth is running below potential and near stall speed—a pace below which the labor market weakens in a self-reinforcing fashion. While the unemployment rate rose only modestly in July (to 4.25%), we estimate that the pace of underlying job growth plummeted to 28k (from 206k in Q1), reflecting weakness in the July survey data as well as a surprisingly sharp downward revision to May and June payroll growth that con ...

Market Trends - Emerging markets experienced a rally due to expectations of central bank rate cuts and positive earnings outlook [1] - Increased risk sentiment fueled the rally in emerging markets [1]

June 16, 2025 01:13 PM GMT Morgan Stanley Research Global Morgan Stanley Global Macro Forum Geopolitical Tensions in the Middle East – Our Early Thoughts on Implications for the Economy and Markets June 16, 2025 Serena Tang – Global Head of Cross-Asset Strategy | Strategist Seth Carpenter – Chief Global Economist Brian Gibbons – Head of Energy Credit Research | Credit Analyst MORGAN STANLEY & CO. LLC Martijn Rats – Global Commodities Strategist | Equity Analyst and Commodities Strategist Marina Zavolock – C ...