According to a Reuters survey, economists expect that the U.S. rate of inflation for June will be slightly lower at 5%. This is down from 5.3% last May. The tech-focused sector gained the most, at 0.93%. The bank's analysts stated that they see downside risks to the consensus 2023/24E earnings per share.
Lee also explained the reasons why markets will crash and where to go when a downturn starts.
The stock rose 11.3% on Tuesday, after a San Francisco federal judge denied the Federal Trade Commission’s request for a preliminary order to prevent Microsoft from completing the acquisition of the videogame company. The price of crude oil settled up by 2.5% to 74.83. This is the highest since May 1 when it was 75.66. The commodity settled at 79.4, its highest level since April 28. The commodity will be down 7.6% by 2023.
-- Hakyung Kim, Gina Francolla