The Unio Weekly View 10.06.2024

Welcome to the Unio Weekly View for the week beginning 10 June, 2024, our summary of macro and markets news.

This week in summary:

- After the ECB’s rate cut last week, attention will turn to the US where the Federal Reserve will make an interest rate call on the 12th. The current rate stands at 5.5%, however there is an expectation that rates will stay unchanged at the upcoming meeting. On the same day, the inflation rate for May will be released in the US. Current headline inflation stands at 3.4%.

- Economists have pencilled in the September meeting as when the US central bank may start to cut rates.

- In markets news, Oracle Corp will announce their Q4 earnings on the 11th. The stock has performed strongly YTD, up c.18.6%.

- Adobe post their quarterly results on the 13th. The stock has sold off c.21% YTD in part due to the collapse of its $20bn buyout of Figma. At their Q1 results, management did provide weaker than expected Q2 guidance.

- And finally, Nvidia became the second most valuable company in the world after surpassing Apple and breaking through the $3 Tr Market Cap value.

Watch The Unio Weekly View, our investment brief for the week ahead:

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