Market Highlights 💡- 6 June 2024
@Shyon:
* Rate cut expectations push U.S. markets higher; Asian markets weighed down by weak sentiment 🇺🇸 S&P 500: 1.19% 📈 🇺🇸 Nasdaq: 1.96% 📈 🇪🇺 Stoxx 600: 0.82% 📈 🇯🇵 Nikkei 225 Index: -0.89% 📉 🇭🇰 Hang Seng Index: -0.05% 📉 🇨🇳 CSI 300 Index: -0.53% 📉 * U.S. stocks were generally higher on Wednesday, with the S&P 500 and Nasdaq Composite rising 1.2% and 2.0% respectively, as the market digested some economic data that may support the start of the Federal Reserve's easing policy cycle. Expected by the market. * The U.S. services sector quickly returned to growth mode in May after a brief contraction the previous month, with business activity improving to 53.8, above expectations of 50.8 and the highest in three years. * ADP nonfarm unemployment claims rose by 152,000 jobs last month - the low