PCE Meets Expectations, but Tech Selloff Caps Risk Appetite as BTC Fails to Reclaim $60,000

🔍 Key Insights

• 📊 Market Overview

• Although the U.S. May PCE inflation data came in higher than the previous reading, it was broadly in line with expectations and below the market’s worst-case fears. Combined with lower gasoline prices, concerns over further inflation acceleration eased. The 2-year U.S. Treasury yield fell 2 basis points to 4.13%, while ongoing concerns over potential energy supply disruptions pushed WTI crude oil up 2.6%. Strong earnings from Micron lifted semiconductor stocks, but price hikes by tech giants such as Apple and Microsoft weighed on sentiment, resulting in a mixed equity market. The S&P 500 ended…