Latest Irish Life weekly markets update

Key talking points include:

• Global markets fell on the week as renewed concerns over AI-linked company valuations and fears of an AI bubble triggered a sell-off in US mega-cap tech stocks. The Nasdaq bore the brunt of the sell-off and ended the week down 3.0%.
• The S&P 500 fell by 1.6% (MTD -1.6%, YTD 14.4%) while the Euro Stoxx 600 fell by 1.2% (MTD -1.2%, YTD 11.3%).

• This week, we will get inflation data from the US despite the shutdown though the latest news suggests a deal may be soon reached to end the deadlock. Markets may turn to global investor and business survey data for indications of sentiment. In Europe, revised GDP releases will give insight into the health of the EU economy.