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The apparent lack of progress on the debt-ceiling negotiations weighed on equities Tuesday, with the S&P 500 Index dropping to its lowest level in a week. While negotiations continued on Tuesday, there have been no signs of progress as the 1st June deadline approaches with the risk of default. European equities also declined yesterday, with the Euro Stoxx 50 index down 1%, driven by losses in the luxury goods sector due to concerns over weakening demand in the United States.
Summary for 24.05.2023
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