Global-Market Insights
Global-Market Insights 1/n
-The US markets edged higher and S&P500 ticks up to close at the highest level in 2023
-S&P500 added 0.24%, trading near a nine-month high, to finish at 4,284
-S&P 500 is closer to rallying 20% off October 2022 lows.
Global-Market Insights 2/n
-BMO bank raised S&P500 year-end target to 4,550 from 4,300
-Nasdaq climbed 0.36% to end at 13,276, a closing high in 2023
Global-Market Insights 3/n
-Chinese stocks listed in the US rallies more than 3%
-China has directed its largest bank to cut rates to support the economy
-China may also announce a fresh stimulus package for real estate
Global-Market Insights 4/n
-Iron ore gained on stimulus hopes, Singapore's futures are up 7.9% in June to a six-week high of US$106.85
Global-Market Insights
-US software vendor GitLab shares rocket 31% as the company boosts forecast, announces generative AI plans
-However, the company notched a loss that was narrower than analysts expected while reporting an improved full-year forecast.
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