News

Non-farm payrolls report lifts US stocks

In a holiday-shortened week, Wall Street posted solid gains with the rally broad-based.

Surge in Nvidia helps lift Nasdaq to fifth weekly gain

Investors remained on edge for a lot of the week as the deadline for the US to avert default loomed.

Japan’s Nikkei hits 30 year high

The main catalyst of the week was sentiment around the US debt ceiling. The S&P 500 and Nasdaq managed to touch their highest levels since August 2022 on Thursday, advancing as President Joe Biden and Republican House Speaker Kevin McCarthy signalled that a deal to avert default was doable.

Wall Street mixed as investors weigh inflation data

One of the focal points of the week was the latest inflation data out of the US. The CPI index cooled for its tenth consecutive month, easing to 4.9% year-on-year in April, slightly weaker than expected.

PAM Nextgen Leaders 2023

Stewart Mackness, Assistant Director from our Shrewsbury office has joined the 2023 Pam Nextgen Leaders List, recognising top talent across the industry.

Friday rally not enough for S&P 500 to avoid weekly loss