Market Highlights 💡- 14 June 2024
@Shyon:
* Wall Street rises on signs of further pullback in inflation; Chinese EVs rally despite EU hikes in tariffs 🇺🇸 S&P 500: 0.24% 📈 🇺🇸 Nasdaq: 0.34% 📈 🇪🇺 Stoxx 600 Index: -1.30% 📉 🇯🇵 Nikkei 225 Index: -0.40% 📉 🇭🇰 Hang Seng Index: 1.07% 📈 🇨🇳 CSI 300 Index: -0.46% 📉 * U.S. stocks continued their rally, with the S&P 500 and Nasdaq Composite up 0.2% and 0.3% respectively, as further signs of slowing inflation strengthened the case for a rate cut this year, while the U.S. 10-year Treasury yield fell 7 points basis points to 4.24%. * U.S. producer prices fell -0.2% m/m in May 2024, compared with expectations for a 0.1% rise, compared with a 0.5% rise in April, mainly due to a 7.1% drop in gasoline prices. * U.S. jobless claims rose to 242k, well above market expectations of 225k and the hig