Market Report Jul 06 2023

Written By Javid Shaik

Equity markets closed on the first trading day after the holiday with minor declines on Wednesday.

Concerns persisted as Treasury note yields ascended after the publicised minutes of the Federal Open Market Committee (FOMC) meeting held from June 13 to 14. The meeting's account revealed a hawkish undertone, with some officials expressing favour for an interest rate hike.

US major averages closed in the red as did the European main averages.
VIX gained 3.50%.

Javid Shaik
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