Market Highlights 💡- 5 June 2024
@Shyon:
*Global markets end higher on rate cut optimism 🇺🇸 S&P 500: 0.16% 📈 🇺🇸 Nasdaq: 0.17% 📈 🇪🇺 Stoxx 600 Index: -0.53% 📉 🇯🇵 Nikkei 225 Index: -0.22% 📉 🇭🇰 Hang Seng Index: 0.24% 📈 🇨🇳 CSI 300 Index: 0.76% 📈 * U.S. markets were broadly higher on Monday, with the S&P 500 and Nasdaq Composite rising 0.2% and 0.2%, respectively, after weaker-than-expected labor market data reaffirmed expectations of a rate cut from the Federal Reserve. * The number of U.S. job openings fell more than expected in April, falling by 296,000 to 8.06 million (8.37 million expected), the lowest level in nearly three years, as labor market conditions eased, which could help the Fed fight inflation. * Asia-Pacific stocks ended broadly higher, with the Hang Seng Composite and the CSI 300 up 0.2% and 0.8%, respectively