Daily Market Commentary 11th May 2024
Equity markets closed out yet another strong week of gains, especially European bourses, which broke into record territory. The fuel for the rally was the
Equity markets closed out yet another strong week of gains, especially European bourses, which broke into record territory. The fuel for the rally was the
The Bank of England left rates unchanged, as did the Central Bank of Poland, in line with expectations and the Fed. The BofE is coming
Markets sentiment remains strong, with equities rising for more than a week, in both Europe and the USA, while bond yields continue to drift lower.
European and US equity markets continued to rally strongly, supported by the growing confidence in Central Bank rate cuts and the conquest over inflation. The
The weaker than expected Non-Farm Payroll number released Friday boosted market confidence that interest rate cuts would come sooner rather than later. The weaker than
The important Non-Farm Payrolls missed expectations Friday, coming in at 175,000 jobs added, from an anticipated 250,000. The headline unemployment rate jumped up to 3.9%
Markets digested the Fed’s latest interest rate decision, to hold rates steady, following the initial surge in market confidence. The initial surge in market sentiment
The Fed left rates unchanged and commented on the ‘lack of progress’ on lowering inflation to target levels. This did not deter markets, with equities
Markets closed out a dramatic month of trading in April, with some big losses on equity markets, followed by a recovery later in the month.
Markets opened the week on a positive note, with US and European equities climbing and bond yields on the decline. The week will be dominated
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