Latest Irish Life weekly markets update

Peter Rice
Peter Rice, Investment Proposition Manager
Monday, 20th May 2024
Latest Irish Life weekly investment bulletin

Key talking points include

  • Equity markets extended recent gains and set record highs as softening inflation data revived hopes that both the Fed and the ECB are heading closer to a pivot in monetary policy. 
  • The S&P 500 rose by 1.6% in local currency terms (MTD 5.4%, YTD 11.8%) while the Euro Stoxx 50 fell by 0.2% (MTD 3.7%, YTD 14.4%).
  • This week, focus is set to be on numerous speeches from members of the Fed and the Bank's meeting minutes while in Europe, May business and consumer confidence could be noteworthy.