It was a relatively quiet week in the financial markets, with most indices finishing close to where they started. French President Macron dissolved the National Assembly after a far-right victory in the EU parliament elections. The Swiss National Bank cut interest rates, while the Japanese yen weakened against the US dollar.
Month: June 2024
Actionable Insight – June
US equities surge as S&P 500 hits 25 all-time highs this year, driven by tech stocks and semiconductor outperformance. Despite slower GDP growth, concerns arise over consumer fatigue and rising default rates, while labor market strength shows signs of softening. Gold’s prominence grows amid central bank purchases and other major economies initiate interest rate cuts. Please find enclosed our newsletter for June 2024.
Weekly Newsletter – 31st May , 2024
US stocks concluded the last trading day of May on a high note, marking the sixth positive month in the last seven for all three major indexes. The S&P 500 and Nasdaq Composite posted their best May performances since 2003, while the Dow Jones Industrial Average saw its best May since 2020.