In this week’s Market Review- In the US the Federal Open Market Committee (FOMC) held its April meeting. As expected, there was no change to the interest rate, staying at its current rate of 5.50%. During the week we also saw Q1 earnings announcements with both Amazon and Apple coming in ahead of forecasted revenues. In Europe, inflation and GDP data was released with the annual rate of inflation for the Euro area remaining at 2.4%. In GDP, the Eurozone economy grew by 0.3% in Q1 2024. In the UK, according to the OCED’s May Economic Outlook, the UK is expected to grow at a slower rate than almost all of the G20. In Ireland estimates from the CSO last week showed GDP grew by 1.1% in Q1 2024. In Asia-Pacific news the OECD last week unveiled its May Economic Outlook, in which it estimates that the Chinese economy will grow by less than the 5% target set by the Chinese Communist Party (CCP).
WEEKLY MARKET REVIEW
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Weekly Market Review – 06th May 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!