Floating Button
Home Views Global Markets

A midsummer's night dream where new market trends form

Chew Sutat
Chew Sutat • 9 min read
A midsummer's night dream where new market trends form
Quarrel between Oberon and Titania in Shakespeare’s A Midsummer Night’s Dream. As weather patterns shift, markets are moving in new ways / Image: Wikimedia / Joseph Noel Paton
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The world heated over in July into uncharted climate territory this month. Collectively, we registered the hottest day on record globally on July 6, and as I write, fires rage in Greece, where temperatures hit above 40 degrees Celsius. June was the hottest month ever on record, with the thermometer showing 1.47 degrees above typical June weather during the pre-industrial period.

Average ocean temperatures are beating the high of 2016, and never have we had a marine “beyond extreme” heatwave in the North Atlantic 4 to 5 degrees above average. This corresponds with a record low in Atlantic sea ice, an area 10 times the size of the UK that has gone missing, compared with the 30-year average to 2010, according to The Economist.

It is not conclusive whether this “new era” would lead to “climate collapse” or “runaway warming”, but certainly, new trends and patterns seem to be forming, just like economic data of still rising inflation alongside persistent strong employment numbers in the West, which is keeping policymakers trigger happy for more rate rises.

×
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
© 2026 The Edge Publishing Pte Ltd. All rights reserved.