Trade tensions weigh on sentiment, as oil jump on Ukraine drone attacks deep into Russia

Welcome to June. So we’re in June. The month of May ended with a whopping 6% advance for the S&P500, defying the ‘Sell in May and Go Away’ adage on Wall Street that points to a generally unfavourable seasonal trend for the month. But the S&P500’s performance is hiding a few issues on the US debt and global trade fronts: trade tensions are rising between the US and EU/China, oil prices are up on escalating tensions between Russia and Ukraine and risk appetite is limited this morning, except for defense and energy companies. This week, investors will watch the PMI figures, the European Central Bank (ECB) and Bank of Canada (BoC) decisions, the US jobs data, and earnings from Crowdstrike and Broadcom. Listen to find out more!