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Unless rain falls soon, southern Alabama could face the driest first half of a year in this century.
Between January and June Japanese firms made 262 foreign acquisitions, according to Recof, a consultancy: a record for the first half of a year.
It has been more than a decade since stock markets have traded in such a narrow range for the first half of a year.
Uneven price staggering may affect the timing of optimal monetary policy response to changing economic conditions, similar to the Olivei and Tenreyro's (2007) argument that uneven wage staggering makes monetary policy more effective in the first half of a year.
But the gains followed the S.& P.'s rally of 12.6 percent in the first six months of 2013, which is the strongest first half of a year since 1998 for the benchmark.
The June data see all of the first six months of 2017 sitting among the three warmest months on record, making it the second-hottest first half of a year on record – again, beaten only by the previous year.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com