This week’s Market Review- In the US, annual inflation data for March was released. Surprisingly, the rate of inflation for March rose to 3.5%, well above the 3.2% rate in February. Energy prices were one of the key factors, rising by 2.1% in March. Alphabet, the parent company of Google reached a new all-time high in terms of stock price. In Europe, the European Central Bank had its governing council meeting last Thursday, where rates stayed at their current rate of 4.50%, as expected. For the week, the Eurostoxx50 & STOXX 600 finished lower, down 1.33% and 0.40%. In the UK, Gross Domestic Product (GDP) was positive for the second month in a row with positive GDP growth. The FTSE 100 finished the week 1.03% higher. In Ireland, it was announced that wind energy has produced 40% of Ireland’s total power output overall in 2024 and Simon Harris was officially sworn in as Ireland’s new Taoiseach. In Asia-Pacific the ratings agency Fitch announced it had revised its outlook for China’s long term credit rating, changing it from Stable to Negative last week.
WEEKLY MARKET REVIEW
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Weekly Market Review – 15th April 2024
The Week in Numbers
Key Events
Stay Informed with Our Seaspray Private Weekly Financial Market Review
Get the latest insights on global financial markets with our Weekly Market Review. In it we discuss the key financial headlines from the U.S, Europe, UK, Ireland, and Asia-Pacific, along with in-depth analysis of major asset classes, including:
Equities – U.S, Europe, and UK market trends
Bonds – Interest rate movements and fixed-income insights
Commodities – Oil, gold, and other key market drivers
Stay ahead of market trends with our expert insights. Read the latest update now!