The Week Ahead 29.01.2024
The Week Ahead 29.01.2024
Check out The Unio View in 60 Seconds, our weekly commentary on market and macro data.
Overall it was a positive week in markets, with global equities up 1.5% largely attributable to the strong GDP data released in the US for Q4.
US equities across the board were up as a result however the latest GDP print takes pressure off the Federal Reserve to start cutting rates.
In the EU, the ECB kept the base interest rate constant at 4.5% but did signal that underlying inflation concerns were easing throughout the bloc. It helped spark a further rally in the US dollar relative to the Euro whilst sovereign debt yields (10 year) remained relatively unchanged.
The main talking points this week will be the Federal Reserve interest rate call on the 31st followed by Non-Farm payroll and unemployment rate data on the 2nd. Microsoft (30th), Alphabet (30th) and Apple (1st) will all post their quarterly earnings this week.
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