* Joe Biden arrives in the UK before this week NATO Summit in Lithuania
*Yellen said China talks about ‘productivity’ after meeting in Beijing
* This week’s US inflation report provide new clues for Fed rate hike outlook
* China on the edge of deflation
* U.S. banks should report biggest loan losses since pandemic
* Don’t rule out a US recession just yet, said Dry Treasury. Yellen
* US private sector hires in June relieved at the slowest pace in 2.5 years:
Real yields are rising again, threatening equities. “There is a big risk that this rise in real yields will start to hurt the corporate sector,” said Salman Ahmed, global head of macro and strategic asset allocation at Fidelity International. “It’s a huge shock if you’re refinancing right now.” Arun Sai, senior multi-asset strategist at Pictet, advises: “What (equities) are pricing in is that ultimately real rates will come down quite steeply next year,” said Arun Sai, strategist. senior multi-asset at Pictet. . “But if real yields stay high, it will hurt equities.”
