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.