The Week Ahead 26.02.2024

Check out the Unio Weekly View for the week beginning the 26th February, 2024.

The Unio Weekly View: Week Beginning 26th February 2024 from Unio on Vimeo.

This week in summary:

As inflation concerns subside, last week saw European natural gas prices fall back to pre-energy crisis levels. Prices fell to €22.9/MWh as strong imports of LNG and warmer weather reduced demand.

In macro news, it’s a relatively quiet week however, it is worth looking out for Japanese inflation data today. The rate for December was 2.6%.

On the 29th, the Fed’s preferred measure of inflation, the PCE Price Index for January, will be updated. On March 1st, flash core inflation data in the EU will be released.

In earnings news, last week was dominated by Nvidia’s latest earnings report. Both the top and bottom lines surpassed analysts' expectations, driving a rally in the stock price, up 20% after the announcement.

This week will see the release of Berkshire Hathaway’s quarterly earnings on the 26th. So far this year the stock is up a healthy 15.5%.

Other earnings to keep an eye out for are Workday on the 26th and Salesforce on the 28th. Salesforce shares are up c.79% over the last year as the company has benefitted from momentum in AI.

How can we help?

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.