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Guy Foster, Chief Strategist, discusses the reopening of the Strait of Hormuz and its implications for the economy. Plus, our Head of Market Analysis, Janet Mui, reviews the latest inflation figures.
Markets in a Minute is produced by RBC Brewin Dolphin.
Key Highlights
The polarity of equity markets:
AI stocks, which rallied sharply in May, hit a speed bump last week on the back of disappointing tech industry earnings results.
The wait in the Strait:
Progress towards reopening the Strait of Hormuz stalled as Iran made an Israel-Lebanon ceasefire a condition for continuing negotiations.
U.S. jobs growth beats expectations:
The number of new jobs created in May was double expert estimates.