# Weekly Market Update – Beyond the US debt ceiling - BNP Paribas Asset Management - United States

> A BNP Paribas weekly update says markets are turning back to macro data after the US avoided a debt-ceiling default. Inflation in the US, eurozone and UK came in above expectations, and Germany entered a technical recession. The asset manager downgraded US equities to 'dislike' and remains constructive on emerging market Asia stocks.

- Date: 2023-06-01 · published 2023-06-01T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/9787-weekly-market-update-beyond-the-us-debt-ceiling-bnp-paribas-asset-management
- Commodities: [TSP](https://feedsoft.ai/c/TSP.md)

## Why it matters

Persistent inflation and tighter central bank policy raise financing costs and can weigh on global demand, which is a broad macro headwind for commodity markets.

## Sources

- bnpparibas-am.com: https://www.bnpparibas-am.com/en-us/front-of-mind/weekly-market-update-beyond-the-us-debt-ceiling/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.