Global market uncertainty persists, US bullish, French turmoil, China home prices drop

From Yahoo Finance: 2024-06-17 06:09:29

Wall Street stocks and bonds held steady amidst global market uncertainty. Goldman Sachs raised S&P500 year-end target to 5,600. Dollar surged despite U.S. Treasury yield drop. French political turmoil led to concern as far right gained ground. European equities downgraded by Citi due to French political risks. French and euro zone markets calmed slightly on Monday. China’s economic data showed retail sales beat forecasts but industrial production missed. New home prices in China dropped for the 11th consecutive month. Japanese Nikkei index fell due to economic growth concerns. Toyota extended production halt amid certification scandal fallout. Japanese PM Kishida said no plans to buy BOJ holdings of ETFs. U.S. markets await New York Fed manufacturing survey and corporate earnings reports.



Read more at Yahoo Finance: Buoyant US eyes French angst, China home woes