The Unio Week Ahead 07 05 2024

Welcome to the Unio View, our weekly update of markets and macro news.

- Central banks will make some big interest rate calls this week.

- Up first today is the Reserve Bank of Australia, followed by the Bank of England on the 9th. The base interest rate in the UK stands at 5.25% however Governor Andrew Bailey has hinted that rate cuts will be on the cards over the coming months.

- Staying in the UK, on the 10th Q1 GDP will be released. Q4 data showed a contraction in the economy of -0.2%. It is anticipated that the economy will stay the same and record 0% growth.

- On the earnings side, it’s another busy week with some big names releasing their quarterly results starting today with Saudi Aramco. With a strong rise in oil prices YTD, it could prove to be a very profitable quarter for Saudi Aramco.

- Walt Disney, who last week announced a record spend of $543m on renovating hotels across Disney's resorts, also release today. On the 8th, Toyota will post their Q4 2023 earnings.

Check out our full investment update below:

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At Unio, we are here to help. If you have any questions on any of the information provided in this update, speak to your Client Manager or contact us at enquiries@unio.ie.