A diverse number of dynamic factors have been affecting the Latest Global Market Indices of late. The US stock market has always been prone to volatility.
The rise in investors’ skepticism caused by the coronavirus public health crisis has made stock indices even more sensitive than before.
Given the prevalent uncertainty witnessed in US markets lately, it is imperative to keep oneself updated regarding the latest market insights to make well-informed investment choices.
This article will elucidate some of the overarching market phenomena that one should consider before investing in stocks in June.
Given below is a comprehensive list of market trends to keep an eye on this June:
Dow Futures
Dow futures witnessed a rise despite the newest print of consumer inflation, which shows that consumer prices are rising much faster than previously anticipated since consumer demand is skyrocketing during the coronavirus economic recovery period.
CPI
Overall headline consumer prices rose to 5% above the previous year. This jump in May has been the highest since the 2008 financial crisis recovery period.
Due to this, the ten-year Treasury bill yielded a higher return on Thursday, trading at approximately 1.5% return. Watch out for long-term impacts on the latest global market indices this causes.
S&P 500
S&P 500 shares successfully reversed previous losses on Wednesday, opening at a level just a little below (0.3%) their recently tapped all-time high. The stock ticked up by about 0.4% on Thursday.
Covid Recovery
Now that covid relief measures and federal stimulus funding about the same have been halted during the recovery period, the Fed will probably begin tapering.
Hence, investors seem to be faced with somewhat of a dilemma regarding where to focus their attention next. Therefore, it is essential to keep an eye on what the Fed does to mitigate the ensuing tapering.
Meme Stocks
GameStop (GME) recently placed ex-amazon executives at the help of their operations in CEO and CFO roles. The firm is considering a stock offering after realigning its executive leadership team.
GameStop stocks still slid about 6% in the wake of this announcement, however. Other meme stocks that garnered interest recently include Aethlon Med (AEMD) and Geo Group (GEO).
The latest global market indices of the Dow Jones Industrial Average rose by 0.6%, while the more technology-centric NASDAQ Composite jumped 0.4%. Overall, the market sentiment reflects that investors are striving to balance economic optimism in line with the COVID-19 recovery and the uncertainty caused by rising inflation, stopgaps in supply chain operations, etc.
In the forex currency market, the euro fell 0.2% against the USD in the wake of the Euro Central Bank’s decision to keep buying bonds and hold off on key interest rates. In a global context, leisure, travel, and retail stocks dipped in value.
On the other hand, Asian stock markets did well, closing at consistently higher values. The Shanghai Composite index closed at a 0.5% uptick, while Nikkei 225 ended its day at a 0.3% rise.
Conclusion
The next few weeks will be crucial as more apparent indications and deterministic factors affecting the market come to light.
Therefore, investors are advised to keep an eye on the above-mentioned emerging trends to aid them in making well-researched financial decisions.
