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Updated inflation figures in the US, indicating a continued slowdown in price growth in April, did little to push the major equity indices out of their sideways grinds Wednesday – with the broad S&P 500 Index edging higher and tech-focused Nasdaq touching a more-than eight-month high. Meantime, the Dow Jones Industrial Average lagged as the odds of a major change in the Federal Reserve’s rate posture appear slim. Elsewhere, European equity markets fell yesterday, with the Euro Stoxx 50 Index down 0.4% dragged lower by food and beverages shares while tech equities advanced by over 1%.
Summary for 11.05.2023
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