While the U.S. economy has remained surprisingly robust through the past few years, Europe has languished in the doldrums.

The U.S. Citi Economic Surprise Index turned positive for the first time since early May, showing that more recent economic data releases have been surprising.

Since unveiling its latest round of economic stimulus, China’s equity market has seen a dramatic 16% rally and had its best week of performance since 1996. While the recent rally has many considering whether to call an end to Chinese equities’ underperformance, issues regarding the country’s economy remain. Which leaves us to ask, this the dawning of a new era, or is it a dead cat bounce? 

In the biggest stimulus package since the pandemic, China’s central bank simultaneously cut interest rates