Market Commentary | The week that was – June 11th

By |2024-06-10T17:42:21+02:00June 11, 2024|Market Commentary|

Meta Platforms will enhance WhatsApp with an AI assistant to aid businesses in customer engagement, inquiries, and sales, starting tests in India, Singapore, and Brazil. Nvidia's stock surged to a record high of $1,214.90 making it the third-most valuable company globally. U.S. financial markets showed resilience amid Federal Reserve tightening due to private market risk absorption, government spending, and balanced Fed policies. In the markets, South African indices closed higher due to gains in mining and consumer staples, while the tech firm Naspers saw a decline. The upcoming week includes key economic indicators from South Africa, the Eurozone, Japan, the UK, and the US.