On Monday, the S&P 500 reached new heights as a rally in tech stocks pushed Wall Street to another record. This marked the thirtieth time this year that the index has set a new record. The increase in Wall Street also had an impact on the central stock market indices of Asia, with Japan’s Nikkei 225 and South Korea’s Kospi index both up by 0.8 percent, while Mainland China’s CSI 300 index was up by 0.1 percent. However, Hong Kong’s Hang Seng was down by 0.3 percent.
Wall Street’s tech stocks were a major factor in the rise of Asian semiconductor manufacturers, with Korean SK Hynix hitting a record high on Tuesday. The Central Bank of Australia also kept its key interest rate unchanged on Monday, marking the fifth consecutive meeting without a rate change in 12 years.
This week, several macroeconomic indicators are expected in Europe and North America as central banks meet to make interest rate decisions. In Europe, the central banks of England and Norway will meet on Thursday and their outlook will be influenced by the final consumer price index for the euro area in May, which will be released later on Tuesday. In the United States, several macroeconomic indicators are expected, including retail sales and industrial production in May.
Futures for stock market indices predict mostly upward openings for European stock exchanges, with the S&P 500 and Nasdaq 100 futures slightly in the red after a strong day of growth. Overall, global markets are showing signs of optimism and potential growth as investors continue to see opportunities for growth despite ongoing challenges such as geopolitical tensions and concerns about inflation
