2024-05-17: Markets

Today a very brief comment supplemented with the customary returns table.

Markets recorded another positive week, propelled by relatively good news on US inflation which in turn rekindled hopes for earlier and more numerous cuts in interest rates in the country. Shares touched new all-time highs.

Coherently, we also saw a weakening of the US dollar and this impacted global equity returns in other currencies (about 65% of the MSCI All-Country World Index is in North America, with Canada accounting for a minimal part of that).

[Cover: Axios]