Pavan Sharma

Global markets were mixed overnight, as US markets (S&P 500 index -2%) failed to extend the recent bounce back from last week. Weak consumer confidence data for the month of May tumbled down to a 10-year low, reigniting fears of recession and spooking investors.

Global markets bounced on Friday (S&P 500 index +3.1%), as we experienced a much needed relief week for financial markets, with equities bouncing over 5% off their low levels recorded last Monday.

Global markets were lower overnight, as US markets (S&P 500 index -0.1%) ended lower as stocks struggled to end the session in the green following Federal Reserve chair Jerome Powell’s comments to Congress.

Global markets were higher overnight, as US markets (S&P 500 index +2.5%) rebounded as there was a break in heavy selling following the market’s worst weekly decline since 2020.

The US Market was closed for a public holiday yesterday, although futures markets were trading about 1% higher

Global markets were higher on Friday, as the US Market (S&P500 index +0.2%) edged higher in a volatile session, but still ended the week down -5.8%.

Global markets were lower overnight, as US markets (S&P 500 index -3.2%) slumped as recession fears rise, with the benchmark index currently down -6% for the week, on track for the worst weekly performance since March 2020.

Global markets were higher overnight, as the US Market (S&P 500 index +1.5%) snapped its 5-day losing streak, even as the Fed maintains a tough stance to bring inflation down.