Market focus back on inflation and rates after agreement reached on debt ceiling

Market Review from Realm Investment Management – week ending 2nd June 2023

Stocks in Europe were broadly flat last week but the US had a strong week following the approval of the debt ceiling agreement.

US equities had a strong end to the week despite Friday’s payrolls report which showed the economy added 339,000 jobs in May. The number was much higher than expected and continues to indicate a tight labour market suggesting the Fed may not have room to cut rates any time soon.

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