Daily Market Commentary 30th May 2023
Markets in the US were closed for the long Memorial Day weekend, so trading was very quiet. As expected, the US debt ceiling negotiations were
Markets in the US were closed for the long Memorial Day weekend, so trading was very quiet. As expected, the US debt ceiling negotiations were
Markets sentiment surged on Friday’s close, in New York, as reports of a deal on the Debt Ceiling Negotiations, was at hand. This was always
Reports of progress on the US Debt Ceiling Negotiations (DCN), boosted market sentiment and equities reversed into positive territory. The news that both sides were
Market sentiment continues to tumble, as Debt Ceiling Negotiations (DCN) in the US, stumble. There has been no real progress made, with the Republicans determined
Markets are being dominated by the ongoing debt ceiling negotiations in the US. The negotiations are apparently progressing well, but so far, no compromise has
The G7 meeting in Japan over the weekend had little to no impact on markets, as expected, but provided a place under ‘the rising sun’
European and US markets were sailing towards a strong close, following a week of strong gains, until the ‘Debt Ceiling Negotiations’ hit a rock and
Dallas Fed President, Lorie Logan, set the bond market alight, with her hawkish monetary statements overnight. She iterated that current economic data did not support
US market sentiment turned positive overnight, with growing optimism that the debt ceiling will be raised and a deal done. A process of negotiation is
US equities slid lower overnight, as Retail Sales missed expectations and the Debt Ceiling negotiations stumble along, threateningly. US Retail Sales missed projections, coming in
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