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Quick tips when studying for professional exams

This week we hosted the Chartered Institute for Securities and Investment (CISI) Birmingham Young Professionals Network at the EFG Harris Allday Head office in Birmingham.

Global Market Review – May 2023

We observed a continuation of several trends throughout May, including further stabilisation of banking sector risks, persistently high core inflation, and market leadership becoming increasingly concentrated into technology companies.

Non-farm payrolls report lifts US stocks

In a holiday-shortened week, Wall Street posted solid gains with the rally broad-based.

Surge in Nvidia helps lift Nasdaq to fifth weekly gain

Investors remained on edge for a lot of the week as the deadline for the US to avert default loomed.

Japan’s Nikkei hits 30 year high

The main catalyst of the week was sentiment around the US debt ceiling. The S&P 500 and Nasdaq managed to touch their highest levels since August 2022 on Thursday, advancing as President Joe Biden and Republican House Speaker Kevin McCarthy signalled that a deal to avert default was doable.

Wall Street mixed as investors weigh inflation data

One of the focal points of the week was the latest inflation data out of the US. The CPI index cooled for its tenth consecutive month, easing to 4.9% year-on-year in April, slightly weaker than expected.