Latest Irish Life weekly markets update

Key talking points include:

• Political uncertainty and investor concerns over potential US tariff risks weighed on overall market performance as both the S&P 500 and Nasdaq fell for the second week in a row. Shares of Nvidia fell 8.5% on Thursday following the chipmakers highly anticipated earnings report.
• The S&P 500 fell by 1.0% (MTD -1.4%, YTD 1.2%) while the Euro Stoxx 600 rose by 0.6% (MTD 3.3%, YTD 9.8%).
• This week, attention will be on the ECB meeting and press conference (Thursday), with a 25bps cut in the deposit rate to 2.50% expected, as well as the US employment report (Friday) to help assess how many Fed rate cuts might be feasible.