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Still rising? UBS Group raises MSCI global index.
On June 4th, UBS Group (UBS) raised its forecast for the MSCI global index at the end of 2024 from 800 points to 830 points. UBS said the upward revision was based on multiple factors, including improved stock risk appetite, optimism about artificial intelligence, and the possibility of a slowdown in US wage growth.
Market sold off? Despite bullish data, gold temporarily dropped below the $2320 threshold.
Despite the good news from the US labor market, there seems to be a pervasive sentiment of "selling everything" in the market.
The US stock market may have entered a period of irrational prosperity, but that doesn't mean it won't continue to rise.
In the past, the U.S. stock market has also risen when many worrying signals were disregarded by people.
Express News | The Fed rate swap shows that the Fed will accelerate its interest rate cuts in 2024.
US stocks fell collectively in early trading, with Dell rising nearly 4% against the trend; some Chinese concept stocks rose, with Alibaba and Netease rising about 1%.
On the evening of the 4th in Beijing time, the U.S. stock market opened low on Tuesday. Investors continued to focus on economic data and the Fed's monetary policy path. This week, the market is focusing on the May nonfarm payroll report to be released on Friday.
Express News | In April, there were 8.059 million job openings in the USA JOLTs report, lower than the expected 8.355 million and below the previous value of 8.488 million.