Jonathan Pie’s take is worth sharing, but it is not for those offended by a certain amount of swearing:

As I mentioned this morning, whatever is said today is bound, to some degree,  to be proved wrong by events quite quickly. But my sense,
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IHS Markit, working with J P Morgan, has indicated this morning that: Global cost pressures eased in June, according to S&P Global’s PMI business survey
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  There are moments when it is quite hard to work out what to blog. Having reviewed the carnage of yesterday when waking this morning,
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