Global House View and Investment Perspectives: June 2026

US jobs report raises odds of Fed rate hike, pressuring equities

US equity markets logged weekly losses as tech-driven losses accelerated into Friday.

Wall Street ends May at record highs on hopes for Middle East progress

The ongoing situation in the Middle East continued to be a key driver of market sentiment. Although there were some mixed signals, with US strikes on Iranian targets, there were growing expectations that the two sides were close to reaching an agreement to wind down the war.

Inflation concerns offset AI enthusiasm

Wall Street had a mixed week, with stocks initially propelled by artificial intelligence (AI) optimism, but this was later replaced by concerns around inflation.