International Markets Update

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Equities and most bond markets gained in May as investors continued to speculate about the timing of the next US interest rate rise.  Oil pr.....

Summary

  1. Equities and most bond markets gained in May as investors continued to speculate about the timing of the next US interest rate rise. 
  2. Oil prices gained with Brent rising to $50 per barrel during the month. 
  3. The US economy added 38,000 jobs in May, down from April’s 123,000, casting doubt on hopes for a stronger economic recovery as well as Fed’s summertime rate hike plans. 
  4. Consumer confidence in the Eurozone’s second largest economy has now surged to its highest level since before the financial crisis, on the back of a cheaper euro, low inflation and signs of sustained economic growth. 
  5. Japan's economy expanded at the fastest pace in a year in the first quarter, thanks in part to a leap year consumption boost. 
  6. Moody’s has downgraded its rating for sovereign debt issued by the Chinese territory of Macau on concerns of a weakening economy.

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International Markets Update

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