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The latest market updates are brought to you by Investment Managers & Analysts at Wealth at Work Limited which is a member of the Wealth at Work group of companies.
Week ending 9th February 2024
12th February 2024
In a shortened trading week due to the Lunar New Year, Asian markets, including China, South Korea, and Taiwan remained closed on Friday. Investors digested China's CPI data, revealing a 0.8% decline in January which surpassed the expected 0.5% drop and marked the fourth straight month of decline.
Week ending 2nd February 2024.
5th February 2024
As expected, the Federal Reserve maintained interest rates between 5.25%-5.5% for the fourth consecutive meeting.
Week ending 26th January 2024.
29th January 2024
It was a busy week for markets with plenty of economic data to digest as well as central bank interest rate decisions.
Week ending 19th January 2024.
22nd January 2024
US stocks closed the week higher, with the S&P 500 reaching a record high for the first time in two years, fuelled by a rally in chipmakers and other tech stocks. Booming demand for high-end chips, as noted by Taiwan Semiconductor Manufacturing Company, contributed to the chipmaker stocks' rise.
Week ending 12th January 2024.
15th January 2024
Despite a slight uptick in the headline rate of inflation in December 2023, US markets closed higher this week.
Week ending 5th January 2024.
8th January 2024
It was a quiet and short trading week for markets after the New year holiday. Data was thin on the ground, but we did get some insight into the US labour market alongside the latest inflation data across the eurozone and Ireland.