The Weekly View 20 05 2024

Welcome to the Unio Weekly View for the week beginning 20 May, 2024.

This week in summary:

↗ Equity indices from around the world are reaching new all-time highs and positive inflation readings are leading to hopes of interest rate cuts.

↗ On Wednesday, good news for the UK as April’s inflation rate is predicted to be lower than March, and perhaps, will be as low as the Government’s 2% target.

↗ In contrast, a low reading in Japan on Friday would not be so welcome as it would make it difficult for the Bank of Japan to raise interest rates, something that policymakers have wanted to do for years.

↗ The earnings season is coming to a close but one, highly anticipated mega-cap name remains to report. On Wednesday, AI leader Nvidia will report after the closing bell with analysts expecting a 400% increase in earnings compared to the previous quarter.

Check out our full investments update below:

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.