Latest Irish Life weekly markets update

Key talking points include:

• Global equity markets ended the week lower, with the S&P 500 recording its first weekly loss since March as a sell-off in semiconductor stocks weighed on broader market sentiment. A stronger-than-expected US jobs report reinforced expectations that the Federal Reserve will keep interest rates higher for longer.
• The S&P 500 fell by 2.5% (MTD -2.8%, YTD 7.9%) while the Euro Stoxx 600 fell by 0.5% (MTD -0.5%, YTD 5.2%).
• This week, attention turns to the ECB's rate meeting on Thursday (0.25% increase expected), US CPI inflation data and the market impact of the record-breaking SpaceX initial public offering (IPO).