Broker News
A round up of the latest news, views, commentary and analysis on the insurance, pensions and investment industry.
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In the US, equities posted modest gains during a trading week shortened by the Juneteenth holiday.
Positive sentiment saw a strong month for both global equities and fixed income in May as investors grew more confident that central banks are on track to cut interest rates.
US equities rose at the end of the week, driven by lower-than-expected inflation indicators for May, as reflected in the Consumer Price Index (CPI) and Producer Price Index (PPI), writes Ian Slattery.
US equities had a mixed performance for the week due to indications of a cooling economy and varying signals within the labour market, writes Ian Slattery.
During the holiday-shortened week, the major US equity indices closed lower. The release of the Personal Consumption Expenditures Price Index (PCE), which is the Federal Reserve's preferred gauge for tracking inflation, showed little change compared to previous months, writes Ian Slattery.
The latest Financial Broker newsletter has been published. Read the full newsletter here.
The major indices recorded widely varying results over the week. Equities saw a surge in the major tech-heavy indices, largely driven by NIVIDA’s strong earnings report, while the Dow suffered its worst week since early April, writes Ian Slattery.
Regularly reviewing and updating a clients protection plan is important to ensure that it remains aligned with changing financial circumstances, goals, and market conditions.
April marked a shift in investor sentiment as a series of higher readings from inflation metrics in the US saw investors re-evaluate their interest rate expectations. Higher inflation triggered stock markets to pull back from recent highs as the Federal Reserve’s willingness to cut interest rates decreased, writes Richard Temperley.
Last week US equities rallied on the back of better-than-expected inflation news, writes Ian Slattery.
Last week saw US equities end the week in positive territory, as hopes that the labour market may be beginning to cool prevailed, writes Ian Slattery.