Latest Irish Life weekly markets update

Peter Rice
Peter Rice, Investment Proposition Manager
Monday, 17th June 2024
Latest Irish Life weekly investment bulletin

Key talking points include

  • Equity markets diverged sharply on the week with US markets boosted by lower inflation while European markets were weighed down by political risks in France as a parliamentary election was unexpectedly called.
  • The S&P 500 rose by 2.8% (MTD 4.6%, YTD 18.5%) while the Euro Stoxx 50 fell by 4.2% (MTD -2.9%, YTD 9.8%). 
  • This week, activity data from China (today) and the US (tomorrow) are likely to be in focus ahead of global PMI (business survey) data on Friday. Overall, the data should give a snapshot of current economic and business conditions and expectations for the months ahead.