23 May 2023
US and European stock markets were mixed ahead of talks in Washington to avert a US debt default; while gold prices retreated under pressure from hawkish remarks by Federal Reserve officials. World oil prices were somewhat finished higher on demand optimism; US Treasury yields also crept up.
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22 May 2023
The bearish sentiment on Friday trading (19/05/23) due to the deadlock in talks over the US debt ceiling solution, has become more optimistic after President Joe Biden and Republican Kevin McCarthy promised to meet as soon as Biden returns from the G7 Summit.
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19 May 2023
The US market rose for the second consecutive day amid optimism that negotiations over raising the nation's debt ceiling can be resolved in the next few days. In economic data release, Initial Jobless Claims fell to 242,000 (lower than expectations and the previous week), a sign of a tight labor market.
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17 May 2023
US stocks market closed lower on Tuesday (16/05/23), after a disappointing forecast from Home Depot, and several economic data such as US Retail Sales (Apr.) pointed to softer consumer spending, while uncertainty about interest rates and debt limit negotiations weighed on the market sentiment.
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16 May 2023
US stock markets slowly moved into positive territory, and government bond yields also crept up on optimism that the officials will be able to reach an agreement regarding the US debt ceiling issue.
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