{"id":11561,"date":"2025-06-10T13:21:52","date_gmt":"2025-06-10T13:21:52","guid":{"rendered":"https:\/\/sib.co.ke\/reports\/?p=11561"},"modified":"2025-06-10T13:21:53","modified_gmt":"2025-06-10T13:21:53","slug":"sib-global-markets-weekly-market-brief-10-june-2025","status":"publish","type":"post","link":"https:\/\/sib.co.ke\/reports\/sib-global-markets-weekly-market-brief-10-june-2025\/","title":{"rendered":"SIB GLOBAL MARKETS WEEKLY MARKET BRIEF | 10 June 2025"},"content":{"rendered":"\n
SIB Weekly GM Brief 10 Jun 2025<\/a>Download<\/a><\/div>\n\n\n\n

Highlights<\/h4>\n\n\n\n

U.S. stocks notched a second week of gains, marking the third positive week in five, as information technology stocks outperformed, due in part to upbeat sentiment around artificial intelligence (AI)-related stocks in the wake of several positive corporate earnings reports. That said, the honeymoon is over and there is a storm brewing in the Trump-Elon paradise, as the rift between the two widened in a public spat on social media. The escalating dispute between President Trump and Tesla CEO Elon Musk on Thursday sent the car maker to a marketvalue decline of around $152.4 billion, its biggest one-day slide on record. The stock recouped some 3.67% on the following day as tensions seemed to ease but investors continue to keep a watchful eye on the ripple effects of the fallout. Trade also remained a notable talking point during the week, with tensions between the U.S. and China continuing to re-escalate following social media comments from President Donald Trump at the end of the prior week. However, on Thursday, Trump and President Xi Jinping held a phone call that \u201cresulted in a very positive conclusion for both countries,\u201d according to a social media post from Trump, which gave investors some hope that the issues could be resolved. Across the big pond, the European Central Bank cut its key interest rate by 25bps to 2.15%, capping an eighth consecutive rate cutting cycle. President Christine Lagarde said that the ECB had \u201cnearly concluded\u201d the latest policy cycle while reiterating that the policy stance was in a \u201cgood place\u201d and that rate setters were not on any \u201cpre-set path\u201d and would continue to be led by economic data. Her counterpart in the Bank of England, Governor Andrew Bailey, also maintained that the path for interest rates in the U.K. remained downwards but uncertainty remained on the pace and depth of the cuts. Separately, there was no apparent agreement in the bilateral trade talks between the U.S. and Japan, although the talks reinforced preparation for an agreement to potentially be announced in June at the Group of Seven (G7) summit.<\/p>\n\n\n\n

Data Highlights<\/h5>\n\n\n\n

The Bank of Canada held its key interest rate steady at 2.75% which matched market expectation. Canada\u2019s unemployment rate for May was reported at 7%, the highest since 2016. The Eurozone unemployment rate in April fell to 6.2%, from 6.3% in March. Inflation rate YoY in the Eurozone, eased to 1.9% in May from 2.2% a month earlier. This came in lower than market expectation of 2%. The European Central Bank reduced its key interest by 25 basis points to 2.15%, which matched analysts\u2019 expectation. The Eurozone employment change Quarter on Quarter, changed by 0.2%. Lower than the analyst\u2019s expectation of 0.3%. The Non-Farm Payroll in the U.S showed that 139k jobs were added in May 2025. This was higher than the market expectation of 130k. Australia\u2019s GDP Year on year for Q1 grew by 1.3%. Lower than the 1.5% expectation by analysts.<\/p>\n\n\n\n

Week Ahead<\/h5>\n\n\n\n

U.K Unemployment rate\u2013 Tuesday | U.S Consumer Price Index \u2013 Wednesday | U.K GDP, U.S Producer Price Index \u2013 Thursday.<\/p>\n\n\n\n

Read Full Report<\/h5>\n\n\n\n
SIB Weekly GM Brief 10 Jun 2025<\/a>Download<\/a><\/div>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Highlights U.S. stocks notched a second week of gains, marking the third positive week in five, as information technology stocks outperformed, due in part to upbeat sentiment around artificial intelligence (AI)-related stocks in the wake of several positive corporate earnings reports. That said, the honeymoon is over and there is a storm brewing in the…<\/p>\n","protected":false},"author":4,"featured_media":11164,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[172,1],"tags":[210,122,198,156,207,67,195,116,140,124,149,199],"class_list":["post-11561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-markets-reports","category-weekly-reports","tag-bank-of-canada","tag-commodities","tag-copper","tag-currencies","tag-donald-trump","tag-equities","tag-gold","tag-sp-500","tag-treasury-yields","tag-us-stocks","tag-wheat","tag-wti-crude"],"yoast_head":"\nSIB GLOBAL MARKETS WEEKLY MARKET BRIEF | 10 June 2025 - 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