Key events: USA - Average Hourly Earnings (MoM) (Jun) USA - Nonfarm Payrolls (Jun) USA - Unemployment Rate (Jun) On Thursday, the Dow closed with a decrease as strong job market data prompted expectations of additional Federal Reserve rate hikes. This led to a surge in Treasury yields, causing concerns in the market. The Dow Jones Industrial Average dropped by 1.1% or 366 points, while the Nasdaq and the S&P 500 both experienced declines of 0.8% and 0.80% respectively.

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The confluence of factors within the finance industry and the broader economy led to the onset of the 2008 financial crisis. However, the primary cause of this crisis can be attributed to the deregulation of the financial industry, which allowed banks to participate in hedge fund trading involving derivatives. This deregulation enabled banks to demand an increased number of mortgages to support the profitable sale of these derivatives. To cater to subprime borrowers, the banks introduced interest-only loans that appeared to be affordable.

In the world of investing, the pursuit of beneficial opportunities is a central goal. Over the course of history, long-term investments in assets like housing and the stock market have demonstrated their potential for generating wealth. However, it is important to acknowledge the inherent unpredictability of short-term performance, which can lead to significant losses in various investment avenues.

Key events: USA - Fed Chair Powell Speaks USA - GDP (QoQ) (Q1) USA - Initial Jobless Claims USA - Pending Home Sales (MoM) (May) On Wednesday, the Nasdaq experienced a modest increase, supported by the performance of large-cap stocks. However, the S&P 500 and the Dow closed lower following remarks from US Federal Reserve Chair Jerome Powell. Powell indicated the likelihood of additional rate hikes and expressed skepticism that inflation would reach the central bank's target rate "this year or next year."

Key events: UK - CPI (YoY) (May) USA - Fed Chair Powell Testifies On Tuesday, US stocks experienced a decline, closing with negative results as investors took the opportunity to secure profits after a sustained rally. The market displayed signs of weakening global demand, prompting cautious behavior at the start of the holiday-shortened week.

Key events: UK - Unemployment Rate (Apr) UK - Average Earnings Index +Bonus (Apr)     USA - Core CPI (MoM) (May) On Monday, the S&P 500 and the Nasdaq experienced a surge, reaching their highest closing levels since April 2022. Additionally, Oracle (NYSE: ORCL) achieved a record high in anticipation of its quarterly results. Investors were eagerly awaiting inflation data and the Federal Reserve's interest rate decision scheduled for later in the week.

Key events: UK - BoE MPC Member Mann USA - Federal Budget Balance (May) On Friday, the S&P 500 experienced a rise in its closing value, although it fell short of the session's peak levels. The market failed to rally extensively despite a notable surge in Tesla (NASDAQ: TSLA) shares, as investors remained cautious ahead of the Federal Reserve's policy meeting and upcoming inflation data the following week.

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Key events: Australia - GDP (QoQ) (Q1) Canada - BoC Interest Rate Decision USA - Crude Oil Inventories On Tuesday, despite some progress in economically sensitive sectors, US stocks exhibited a sense of uncertainty as investors awaited crucial inflation data and the upcoming policy meeting of the Federal Reserve.