News

Global Market Review – May 2024

Following April’s pullback, developed economy equity markets rebounded in May, buoyed by a stronger than anticipated corporate earnings season.

S&P 500 snaps five-week winning streak

US stocks were cautious for much of the week as investors eyed up Friday’s release of the Federal Reserve’s preferred inflation gauge, the personal consumption expenditure (PCE) price index.

Making the most of fixed income

Whilst central banks continue to steer economies toward their 2% inflation targets, it’s looking likely we’ll see a delay in the start of the interest rate cutting cycle.

Dow Jones close above 40,000 for first time

US stocks had gotten off to a poor start to the week, with the Dow Jones Industrial Average snapping an eight-day winning streak.

Euro STOXX 600 at record high on earnings and rate cut optimism

US stocks continued to extend their May advance, looking to put April’s losses behind them albeit in a relatively quiet trading week.

Spring updates with The Bank of England

EFG Harris Allday joined Birmingham Chamber of Commerce to welcome The Bank of England to 33 Great Charles Street.