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European shares traded within a narrow range but closed lower yesterday, with the Euro Stoxx 50 Index falling 0.2%, as investors remained cautious amidst uncertainty surrounding global interest rates. Meantime, US markets were closed on Tuesday for the Fourth of July holiday and closed early on Monday. The major averages notched gains during Monday’s session which kicked off the start of a new month, quarter and half-year for the market. Investors now look ahead to the latest Federal Reserve policy meeting minutes on Wednesday for more clues on the path for interest rates, as well as May factory orders data.
Summary for 05.07.2023
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