Macro
Search catalysts, news stories, and pressures, or browse the trust-weighted news feed below.
month values ▾
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|
| +0.05 | +0.10 | +0.10 | +0.10 | -0.76 | -0.81 | +0.05 | -0.79 | -0.05 | +0.05 | +0.10 | +0.10 |
Financial markets remain neutral despite heightened stress in European banking due to Greece's bank closures and capital controls, as the crisis is perceived as contained rather than systemic. The limited cross-border spillover and strong liquidity measures from the ECB have prevented broader contagion, anchoring sector sentiment. Global financial conditions remain stable, with investors treating the Greek situation as idiosyncratic rather than indicative of wider eurozone instability.
How this mood is scored ▾
Greek Prime Minister Alexis Tsipras ordered banks closed and imposed capital controls after the ECB refused to extend emergency liquidity, prompting a run on ATMs. The move follows a breakdown in bailout talks and Tsipras's call for a July 5 referendum, increasing the risk of Greece defaulting on its IMF debt and potentially exiting the eurozone. The crisis has sparked international concern, with U.S. Treasury urging a negotiated solution to keep Greece in the Eurozone.
Puerto Rico missed a $58 million bond payment on its Public Finance Corporation debt, marking its first default amid $72 billion in total debt. The move, driven by economic decline and lack of bankruptcy protections, may trigger prolonged legal battles with creditors and signal further defaults ahead. While the government prioritized essential services, investors are expected to pursue court action, with potential implications for municipal bond markets and U.S. policy intervention.