Market overview 2023-06-29

Another volatile day showed us the US stock market at Thursday's trading. The market participants tried to play up the growth. Nevertheless they paid attention to the negative which came from the labor market in the form of the next data on low activity in the segment of initial jobless claims, as well as the next negative data on inflation in the EU, after which almost all European central banks reported that they are considering further increases of interest rates. However, it is worth noting that the major stock indices managed to stay in the positive zone. The Financials sector was the strongest during the trades, based on relatively good results of stress tests of US banks, while the Communication services sector was under pressure.