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Capital Economics says the Bank of Canada’s decision was stand-pat but had a hawkish tilt, citing concern that upside inflation risks have increased amid the prolonged Middle East conflict.
Summary US equity market looked to finish off quarter and month on an up note. Tech did a good portion of the heavy lifting, unwinding some the mega-cap weakness/rotations seen into quarters end. May JOLTS jobs data jumped up towards 7.6M openings pushing up Treasury yields marginally. EU CPI readings were broadly cool