Latest Irish Life weekly markets update

Peter Rice
Peter Rice, Investment Proposition Manager
Monday, 15th April 2024
Latest Irish Life weekly investment bulletin

Key talking points include

  • Equity markets retreated for the second consecutive week as higher US inflation figures deterred market expectations that interest rates will be cut in June.
  • The S&P 500 rose by 0.2% (MTD -0.88%, YTD 12.1%) though in local currency terms it fell -1.5%, while the Euro Stoxx 50 fell by -1.0% (MTD -2.4%, YTD 10.3%).
  • This week, investors will be closely focused on developments between Israel & Iran which may overshadow some key activity data including US retail sales and industrial production, as well as Eurozone industrial production and Germany's ZEW business survey.