The Weekly View 27 05 2024

Welcome to the Unio Weekly View for the week beginning 27 May, 2024.

This week’s summary of markets and macro news:

↗ Inflation will dominate this week.

↗ Germany, Europe’s largest economy, will post its preliminary May print on the 29th. The current rate stands at 2.2%, and no doubt, a higher print will pressure the ECB to start cutting rates.

↗ On the 31st, the Federal Reserve’s preferred inflation measure - the PCE Price Index (headline and core) - is released. The current rates stand at 2.7% and 2.8% respectively.

↗ On the earnings side, quarterlies are now coming to a close. Last week, Nvidia delivered excellent earnings again for Q1 with YoY revenue up 262% and diluted EPS up 600% over the year. Meta and Exxon Mobil Corp will hold their AGMs on the 29th. Both companies have had strong YTD performance, with Meta up 34.5% and Exxon up 10.9%. Costco Wholesale will post its Q3 earnings on the 30th.

View this week's update in full:

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