Markets in Europe saw a major decrease due to the sudden election call in France, which brought down the CAC by over 7% in two weeks. US markets rose as tech giant Nvidia continued its rise to the top. This period also saw a decrease in interest rates by the European Central Bank, raising hope for others to follow. 

Index Performance

FSTE 100: -1.57%

FTSE 250: -2.94%

CAC 40: -7.04%

DAX: -2.71%

SSE: -1.73%

Hang Seng: -1.83%

Nikkei: 0.21%

ASX 200: -0.17%

Dow Jones: -0.32%

NASDAQ: 5.3%

S&P 500: 2.53%

Events

A price increase announcement from Spotify for its US customers led to an over 5% jump in its share price.

GSK shares fell by more than 9% after a testimony potentially linking one of their drugs to cancer risk.

Indian stocks lost more than $371 billion in a day after the election results showed current Prime Minister Narendra Modi fell short of a majority.

The European Central Bank cut interest rates by 25 basis points to 3.75%, filling the market with hope of other central banks following suit.

The United States is investigating Microsoft and Nvidia for concerns over AI.

The United States job market surpassed expectations by adding 272,000 jobs in May. However, the unemployment rate clicked over 4% for the first time since January 2022.

Apple announced its much-anticipated entry into the AI world with its partnership with OpenAI. This partnership saw Apple regain the most valuable company in the world once more.

Oracle’s share price purged more than 13% after it announced partnerships with Google and OpenAI.

Support for Elon Musk’s 56-billion-dollar compensation package led to a spike in Tesla’s share price. 

Upcoming Events

June 18^th: Royal Bank of Australia Interest Rate Decisions.

June 19^th: Brazil Interest Rate Decisions, New Zealand (QoQ and YoY).

June 20^th: Interest Rate Decisions for the United Kingdom, Switzerland, Norway, and China.

June 24^th: Netherlands (YoY and QoQ) and Argentina (YoY).

June 25^th: Spain (QoQ and YoY)

June 27^th: United States (Annualized) and the Price Index (Interest Rate Decisions, Philippines, Sweden, Turkey, and Czech Republic).

June 28^th: United Kingdom (QoQ and YoY), Denmark (QoQ and YoY), Czech Republic (YoY), and Canada (MoM).

Dividend Payments for Major Companies

June 17^th: Alphabet ($0.20), Duke Energy ($1.02), NextEra Energy ($0.52), Barrick Gold ($0.10), McDonalds ($1.67), and Sony ($0.29)

June 20^th: Qualcomm ($0.85) and Danaos ($0.80)

June 21^st: HSBC ($0.10)

June 24^th: BlackRock ($5.10) and Shell ($0.34)

June 26^th: Meta ($0.50)

June 27^th: Gilead Sciences ($0.77), Goldman Sachs ($2.75), and Newmont Mining ($0.25)

June 28^th: Nvidia ($0.01), Bank of America ($0.24), Pepsi ($1.36), Lockheed Martin ($3.15), Tesco (£0.08), Kraft Heinz ($0.40), Iridium Communications ($0.14), Brookfield Infrastructure ($0.40), Frontline ($0.62), and Scorpio Tankers ($0.12).

Earnings of major companies

June 20^th: Jabil (JBL)

June 25^th: Carnival (CCL)

June 27^th: Nike (NKE) and Walgreens (WBA)

P.S.: Do not take this as financial advice; make your own decisions and do further research before investing in the markets, as your capital is at risk.