Important data early in the week on Chinese manufacturing and services will have to serve as entertainment while markets await the real action of both the European Central Bank interest rate decision on Thursday and the US employment numbers on Friday. In May, global financial markets gained, led by Technology equities and falling interest rates, largely reversing equity declines and interest rate increases from the prior month. Technology, small-caps, and commodity-sensitive sectors led Global equity market gains; Germany, Hong Kong, and Taiwan led regional gains. Interest rates declined as the US Dollar weakened against most currencies, and investors positioned for rate cuts by the US Federal Reserve in the 2nd half of 2024. On the wealth planning front, we discuss the importance of marital agreements.
Click Here to Read the June 3, 2024, Economic Commentary
Click Here to Read the June 3, 2024, Investment Commentary
Click Here to Read the June 3, 2024, Wealth Planning Commentary
