Weekly Market Report (12 June 23)

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News Last Week

Morgan Stanley strategists predict a 16% decrease in S&P 500 earnings per share this year due to a deteriorating liquidity backdrop, slowing revenue growth, and contracting margins.
Investment opportunities identified in Japanese, Taiwanese, and South Korean equities, developed-market government bonds, and the dollar.
Derivatives markets now predict the Federal Reserve's target rate to reach around 5% by year-end.
Global commodity prices have decreased, offering some potential relief to central banks fighting against inflation.
The SEC has charged Binance, the world's largest cryptocurrency exchange, with securities law violations, causing a drop in cryptocurrency prices.
Apple's shares reached their highest price in the stock’s 43-year history before declining after the company announced a higher-than-expected retail price for its mixed reality Vision Pro headset.
The Bank of Canada raised its policy rates by 25 basis points, taking its overnight rate to 4.75% — the highest in 22 years due to concerns about inflation.