The World Grows Together

Global share prices are higher than ever!??However, the supply of stocks is gradually shrinking. Ask yourself, when was the last time you got shares allotted in a highly competitive IPO???

Markets have been more volatile lately, teaching us essential investment lessons and testing our faith in stocks??.

Let us look at the market movements over the last week.

Keeping Up The optimism

The stock market continued its green streak?for the fourth straight session on Tuesday (18 Jun). But retaining the green wasn’t simple, especially with the FIIs??turning net sellers of shares worth ?3033 crores on Tuesday last week (13 June). There was also pessimism around the accelerated WPI data for May 2024 that made the INR end lower against the US$ on Friday (14 Jun)??. Soon after, rejoicing was regained, with Moody’s Ratings’ statement mentioning India to remain the fastest-growing Asia-Pacific economy in the second half of 2024.

The US stock market ended higher on Monday (17 Jun), backed by last week’s positive investor sentiment??. Investors anticipate the release of key economic data on industrial production and retail sales. The Philadelphia Oil Service Index and NYSE Arca Computer Hardware Index zoomed by >2% each last week??. Considerable rises were observed in semiconductor, utilities, banking, and telecom stocks over the same period. All of these seemed to help the Indian markets stay upbeat??.

More From the Globe

NASDAQ and S&P 500 closed at record highs with enthusiasm over AI????on Monday (17 Jun). Shares of Microsoft and Megacaps Apple ended by 1.31% and 1.97%, respectively. Furthermore, in the international markets, Gold??has started to shine again, gaining ~1.7% over the last week. The Nikkei, too, rose marginally by ~0.4%.

While European stock investors may be grappling with surprise election pessimism, the overall global headwinds suggest that markets are poised for growth. As we look ahead to the next week, stay tuned for more market themes and updates that will continue to inspire optimism.

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