EN
You can call us, Monday to Friday, between the hours of 9am and 5pm CET for help and advice.
PLU Financial - Registered Office
Wey House
Farnham Road
Guildford
United Kingdom
GU1 4YD
PLU Financial Review March 2024
1st April 2024
That’s it then, in a blink of an eye the first quarter is done and dusted!
It has been a fairly eventful first quarter of 2024, with US bond yields rising after the first much anticipated interest rate cut not coming and based upon other data, those hopeful it will arise sooner rather than later, might be left disappointed.
Most other bond yields, like those in the UK and Europe, also followed suit as central bankers sat on their hands and refused to cut interest rates.
It could be that June will be the earliest that rates are cut, but if the data continues to surprise on the upside, this could be pushed out a little longer still. Watch this space!
On to inflation: again back in the US, it came in a little hotter than expected. This was largely due to transportation, where airfares and used car prices rose, although markets seemed to take this in their stride – something that would not have happened 12 months ago!
Equity markets have powered on overall so far this year, with the US and Europe leading the charge. The UK, unfortunately, continues to struggle and is flat year to date.
Coming into this year you could be forgiven for thinking that earnings expectations were a bit high, but overall company earnings have been pretty solid in 2024.
Tech and the more growth orientated part of the market continues to dominate and make headlines, but there are some signs that the much wanted breadth of the market is starting to tentatively appear, although there is still a long way to go.
Time to finish the leftover Easter eggs…
This communication is for informational purposes only based on our understanding of current legislation and practices which are subject to change and are not intended to constitute, and should not be construed as, tax advice, investment advice, investment recommendations or investment research. Investing involves risk. The value of investments can go down as well as up, and you may not get back the amount originally invested. Past performance is not a reliable indicator of future results. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.