From Morningstar: 2024-05-28 07:16:00

Key market trends and economic insights were discussed by Dan Kemp, Morningstar’s global chief research and investment officer. Following the FOMC meeting, the US Market index ended flat while the US Technology index rose 2.72%, notably supported by Nvidia’s strong results and share split announcement.

In contrast, emerging markets showed weakness, with the Emerging Market index declining 1.7% due to a 4.61% drop in Chinese stocks. Despite short-term volatility, long-term opportunities in emerging markets are identified by Morningstar’s research team.

UK General Election on July 4 announced by Rishi Sunak, leading to potential impact on investors. Morningstar Wealth advises treating politics as risk management rather than an investment source. Elections should not dictate investment decisions, as investors may be biased based on political preferences.

Inflation data will be in focus as the Personal Consumption Expenditure index is released, with year-on-year inflation expected to remain steady for April. Any significant deviation from this forecast could lead to market volatility at the end of the week.



Read more at Morningstar: Markets Brief: US Inflation Back in the Spotlight