Saxo's Global Market Quick Take - 31 May 2023
<p><b>Summary:</b><span> The major US stock indices traded lower overnight on signs that the AI-hype fueled rally was running out of steam and after China manufacturing PMI weakened more than expected. Treasury yields softened on hopes the US Congress will pass a debt deal today that will avoid a default. In commodities copper and iron ore prices traded lower in response to the weakness in China data supporting a stronger dollar.</span></p>
Source: mondovisione.com
