The Nasdaq is on track for its best H1 in 40 years with A.I. demand fuelling tech stocks. China’s post-Covid recovery, however, continues to stutter with factory activity contracting for a third consecutive month. EU leaders meet in Brussels and make pledges to shore up military and financial aid to Ukraine in the wake of last week’s attempted Wagner Group mutiny in Russia. In retail news, U.S. sportswear giant Nike reports its first quarterly miss in three years. And there are signs of a thaw in the IPO market as shares in the U.S. thrift store chain Savers Value Village jump on the Wall Street debut. Online Chinese fashion brand Shein is also reportedly eyeing a New York listing later this year. 

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