Each month we bring you a short selection of the most relevant up to date topics we feel will be of interest to our Credit Unions.
11th November 2024
This month in our November newsletter, Kevin Walsh, Head of Credit Union Consultancy Service reviews the trend in higher bond yields and the steepening in yield curves over October, while Kevin Timoney, Chief Economist and Diarmuid Sheridan, Analyst discuss the recent US elections and what economic uncertainty awaits Ireland. They also have an interesting article on the scale of Irelands infrastructure gaps ahead of the upcoming general election.
Read the November 2024 Issue
8th October 2024
This month in our October Credit Union newsletter Kevin Walsh, head of Credit Union Consultancy Service & Donough Kilmurray, Chief Investment Officer review the bond market and the macro environment while Kevin Timoney, Chief Economist discusses the 3% rise in mortgage approvals year to date.
Read the October 2024 Issue
9th September 2024
In our September Credit Union Consultancy Services newsletter, we discuss the recent bond market rally and the Jackson Hole symposium in an article from Kevin Walsh, Head of Credit Union Consultancy Services. Kevin Timoney, Chief Economist and Diarmuid Sheridan, Analyst, review the July mortgage approvals, while Stephen Grissing, Director in Investment Strategy, discusses the key drivers in the inflation race. We also feature an article on energy transition from Scott McElhinney, Investment Strategist.
Read the September 2024 Issue
12th August 2024
In our newsletter this month, Donough Kilmurray, Chief Investment Officer, discusses the most important questions that clients are asking him on the market and the economy at large, Diarmuid Sheridan, Analyst, reviews the mortgage activity in Q2, while Kevin Timoney, Economist, asks what would a US recession mean for the Irish economy.
Read the August 2024 Issue
8th July 2024
This month in our July credit union newsletter we have two articles and a very comprehensive report on the Irish economy from our new Davy Chief Economist, Kevin Timoney, Donough Kilmurray, Chief Investment Officer reviews the mixed market over the last month and Kevin Walsh, Head of Credit Union Consultancy Services discusses the bond market and the recent ECB rate cut.
Read the July 2024 Issue
11th June 2024
In our summer edition of our newsletter we have a large selection of articles from Donough Kilmurray, Chief Investment Officer, who discusses the bond market and the most recent fall in inflation, while Kevin Walsh, Head of Credit Union Consultancy Services, gives us an in depth review on the financial conditions of credit unions. We have a very interesting article from Michael MacGrath, Head of Investment Selection who discusses if the European Parliamentary elections could shift Europe’s political centre of gravity. While in our sustainability section in their article ‘The energy transition opportunity’ Eileen Rowsome & Scott McElhinney ask if the upcoming elections will impact on the renewable energy policies.
Read the June 2024 Issue
13th May 2024
This month in our May newsletter, Kevin Walsh, Head of Credit Union Consultancy Services reviews the good and the bad news for bond investors over the course of April while Donough Kilmurray, Chief Investment Officer discuss the proposed ECB rate cutting plans and has a very interesting article on the potential real-life implications post the upcoming elections in the US and further afield.
Read the May 2024 Issue
12th April 2024
In April’s newsletter, Kevin Walsh, Head of Credit Union Consultancy Services, and Donough Kilmurray, Chief Investment Officer discuss the recent bond market movements over the past month and Diarmaid Sheridan, Analyst, examines the first-time buyer mortgage approvals since January.
Read the April 2024 Issue
5th March 2024
This month in our March newsletter, Kevin Walsh, Head of Credit Union Consultancy Services, and Donough Kilmurray, Chief Investment Officer review the bond market over the past month, Diarmaid Sheridan, Analyst, has some very interesting trackers on the opinion polls and potential implications for government formation. Anna Heaney, Investment Business Manager, discusses the mixed outcomes across the generational wealth gap due to the impact of higher rates, while Michael McGrath, Head of Global Investment Selection examines the US elections and the potential political twists and turns that we can expect over the coming months.
Read the March 2024 Issue
12th February 2024
This month we have a very interesting selection of articles from Diarmaid Sheridan, Analyst, on deposit movement and an in-depth article on rate expectations and the mortgage market. Donough Kilmurray, Chief Investment Officer, discusses if higher rates will eventually cause a recession while Kevin Walsh, Head of Credit Union Consultancy Services, reviews the bond sell off in January.
Read the February 2024 Issue
12th January 2024
In our January newsletter, Kevin Walsh, Head of Credit Union Consultancy Services, reviews the bond market over the past 12 months and looks forward to what to expect in 2024. While Paul Nicholson, Head of Investment Strategy, discusses why he believes that bond markets are now in their prime.
Read the January 2024 Issue
11th December 2023
This month in our December newsletter, Kevin Walsh, Head of Credit Union Consultancy Services, discusses the bond market while Donough Kilmurray, Chief Investment Officer, analyses the lower than expected inflation figures from across Europe and the US which brought good news across markets in November. We also have an article from Clare Collins, Head of Discretionary Portfolio Management on the potential power of compounding on investments and Eileen Rowsome, Senior Investment Selection Analyst, discusses responsible investing.
Read the December 2023 Issue
9th November 2023
In our newsletter this November, Donough Kilmurray, Chief Investment Officer, discusses the geo-political knock on effects of the Gaza/Israeli attacks on markets and gives us his global outlook for the coming months. While Kevin Walsh, Head of Credit Union Consultancy Services reviews the bond market and the sell off in October, and Mark Caffrey, Director of Structured Products discusses the potential merits of considering the inclusion of i structured investments in an investment portfolio.
Read the November 2023 Issue
11th October 2023
This month Donough Kilmurray, Chief Investment Officer, focusses on central banks and inflation while Kevin Walsh, Head of Credit Union Consultancy Services reviews the bond market over the last month and Davy Chief Economist, Conall MacCoille, gives his views on the Irish economy along with the revision down of Irish GDP and discusses the property market in his MyHome Q3 report.
Read the October 2023 Issue
11th September 2023
This month Donough Kilmurray, Chief Investment Officer discusses the US downgrading by ratings agency Fitch, while Kevin Walsh, Head of Credit Union Consultancy Services reviews the bond market and the Jackson Hole symposium and we have an interesting article from Michael MacGrath, Head of Global Investment Selection gives an insight on the types of decisions the Davy Investment Team make for portfolios. Anna Heaney, Business Manager also talks us through the many ways on how to navigate the financial journey for you and your finances.
Read the September 2023 Issue
3rd August 2023
This month Donough Kilmurray, Chief Investment Officer, questions if central banks are trying to cause a recession, while Kevin Walsh, Head of Credit Union Consultancy Services and Stephen Grissing, Investment Strategist, both review the bond market over the last few months and Davy Chief Economist, Conall MacCoille, gives his views on the Irish Economy.
Read the August 2023 Issue
10th July 2023
This month Donough Kilmurray, Chief Investment Officer discusses the constant raising of interest rates across the Eurozone along with the continued warnings from Central Banks across the world, while Kevin Walsh, Senior Investment Strategist reviews the bond market and European Central Banks borrowing costs for the future.
Read the July 2023 Issue
8th June 2023
In our newsletter this June, Donough Kilmurray, Chief Investment Officer, discusses the banking crisis in US regional banks. While Kevin Walsh, Head of Credit Union Consultancy Services reviews the bond market and the recent upgrade in Irelands credit rating.
Read the June 2023 Issue
8th May 2023
This month in our May newsletter Donough Kilmurray, Chief Investment Officer, discusses if continued growth and inflation will mean a further increase in rates in Europe along with an in depth article on the global economy and if the economy is braced for a hard or soft landing. While Kevin Walsh, Senior Investment Strategist gives us his monthly review of the bond market.
Read the May 2023 Issue
18th April 2023
In our April newsletter, Donough Kilmurray, Chief Investment Officer, discuss the interest rate expectations across Europe and the US, Kevin Walsh, Senior Investment Strategist reviews the bond market. While Conall MacCoille, Chief Economist, discusses the Irish budget surplus this year along with the economic expectations for the coming months.
Read the April 2023 Issue
10th March 2023
In our March newsletter this month Donough Kilmurray, Chief Investment Officer, discusses a new potential scenario of “no landing”, where the economy endures higher interest rates and inflation without a recession while Kevin Walsh, Senior Investment Strategist, reviews the market and the sharp drop in bond prices in February.
Read the March 2023 Issue
8th February 2023
In this months edition Donough Kilmurray our chief investment officer discusses what happened in January with better than expected growth and lower than expected inflation proving positive for markets. Kevin Walsh our senior investment analyst discusses what happened in bond markets in January and Stephen Grissing our investment analyst looks back over the dramatic year that was 2022 in bond markets with the outcome proving to be the worst year for bonds in many decades as a result of the inflation crisis.
Read the February 2023 Issue
20th January 2023
In our January newsletter, we have some interesting articles on our outlook for 2023 from Donough Kilmurray, Chief Investment Officer, who gives us his view on the coming months, Kevin Walsh, Senior Investment Strategist reviews the bond market. While Conall MacCoille, Chief Economist, discusses the resilience of the Irish economy to recession for 2023.
Read the January 2023 Issue
13th December 2022
In this months December newsletter, Kevin Walsh, Senior Investment Strategist reviews the bond market while Patrick McLaughlin, SRI Multi Asset Manager discusses the impacts of EU Sustainable Finance Disclosure Regulations on investments. We also have a very interesting article from Marie Gillespie, Senior Equity Analyst on home ownership and if it is a fantasy for the younger generations given the current housing crisis.
Read the December 2022 Issue
8th November 2022
In our bumper edition of the newsletter this month Conall MacCoille, Chief Economist discusses the revision in Irish GDP (Gross Domestic Product) growth and CPI (Consumer Price Index) inflation, while Donough Kilmurray, Chief Investment Officer, looks at the drivers of consumer inflation and asks ‘Is Winter coming’ to the Irish economy. Stephen Grissing, Investment Strategist reviews the latest data from the OECD (Organisation for Economic Co-operation and Development) and Kevin Walsh, Senior Investment Strategist, gives us his update on what’s affecting the bond markets.
Read the November 2022 Issue
14 October 2022
This month Donough Kilmurray, Chief Investment Officer, discusses the Federal Reserve’s recent rate hike along with their updated economic projections, while Kevin Walsh Senior Investment Strategist reviews the effects of geopolitics on inflation and the wider bond market.
Read the October 2022 Issue
12 September 2022
Kevin Walsh discusses the recent Jackson Hole, Wyoming gathering of economists, financial market participants, U.S. government representatives and news media to discuss long-term policy issues of mutual concern. This month we also review the recent CXi survey which again found the Credit Union movement ranked as ‘most trusted’ financial service provider for a second year in a row.
Read the September 2022 Issue
10 August 2022
This month Donough Kilmurray, Chief Investment Officer, discusses the recent Federal Reserve meeting along with Consumer Price Inflation while Kevin Walsh, Senior Investment Strategist discusses the recent bond rally over July and Davy Chief Economist, Conall MacCoille, gives his views on the Federal Reserves rate hike.
Read the August 2022 Issue
6 July 2022
In our newsletter this month, Aidan Donnelly, Head of Equities gives us his global market update and discusses the recent Federal Reserve meeting, while Kevin Walsh, Senior Investment Strategist discusses the recent European Central Bank rate hikes and Davy Chief Economist, Conall MacCoille, gives his views on the Irish economy.
Read the July 2022 Issue
8 June 2022
In this months newsletter, Davy Chief Economist, Conall MacCoille, gives his views on Irish Gross Domestic Product (GDP) growth and Consumer Price Index (CPI) inflation in an in-depth forecast report, Donough Kilmurray, Chief Investment Officer discusses what happened in the markets in May and Kevin Walsh, Senior Investment Strategist discusses the US bond market and the looming inflationary pressures.
Read the June 2022 Issue
9 May 2022
This month Donough Kilmurray, Chief Investment Officer discusses the Federal Reserve inflation fears along with the recent Eurozone positive growth for Q1, while Kevin Walsh, Senior Investment Strategist reviews the bond market and gives us a detailed review of what intervention maybe required by government and the Central Bank in light of the unprecedented demands on the economy.
Read the May 2022 Issue
7 April 2022
In our newsletter this month, Kevin Walsh, Senior Investment Strategist reviews the bond market, Donough Kilmurray, Chief Investment Officer discusses the rise in Federal Reserve rates and its effect on the market along with the sanctions imposed on Russia and Anna Heaney, Investment Associate discusses whether crisis in both the past and presence will inevitably make us more risk-averse.
Read the April 2022 Issue
2 March 2022
This month Kevin Walsh, Senior Investment Strategist reviews the bond market and the recent knock on effect of the Russian invasion of Ukraine, along with an in-depth discussion on the energy crisis. Donough Kilmurray, Chief Investment Officer looks back on February and the potential increase in rates and the further rise in inflation.
Read the March 2022 Issue
7 February 2022
In this month’s newsletter Kevin Walsh, Senior Investment Strategist reviews the bond market and the recent selloff in risk markets in the past month and Donough Kilmurray, Chief Investment Officer looks back on January while Anna Heaney, Investment Associate discusses what’s driving the great resignation and the chronic shortage in the labour market.
Read the February 2022 Issue
10 January 2022
In this month’s newsletter Conall MacCoille, Davy Chief Economist discusses his outlook for 2022, Kevin Walsh, Senior Investment Strategist reviews the bond market and the recent Central Bank report on the Financial Conditions of Credit Unions and we have two very interesting articles from Donough Kilmurray our Chief Investment Officer and Stephen Grissing our Investment Strategist on the investment outlook and fixed income.
Read the January 2022 Issue
8 December 2021
In this months newsletter Donough Kilmurray, our Chief Investment Officer discusses what’s causing the large increase in energy prices and inflation while Kevin Walsh, Senior Investment Strategist, Davy reviews the recent report from the Regulator of Credit Unions (RCU) in the Central Bank and the findings they have made in relation to credit union investment portfolios, along with his review of the bond market over the past month.
Read the December 2021 Issue
5 November 2021
This month we have a bumper newsletter with articles from Donough Kilmurray, Chief Investment Officer on the recent volatility in the bond market, an update from Conall MacCoille our Chief Economist on the increase in GDP (Gross Domestic Product) and a very interesting article from Anna Heaney, Investment Associate on the similarities and learnings from post war 1920’s to our experiences of 2021.
Read the November 2021 Issue
6 October 2021
In our newsletter this month Donough Kilmurray, Chief Investment Officer discusses rate hikes, the reversal of QE and the European Central Banks proposal to slow down its monthly bond purchases while Kevin Walsh, Senior Investment Strategist looks into the upcoming affect of inflation and the rising consumer costs.
Read the October 2021 Issue
8 September 2021
This month we discuss what role credit unions are playing when it comes to ESG, Kevin Walsh, Senior Investment Strategist reviews the bond market while Donough Kilmurray, Chief Investment Officer discusses the unexpectedly strong Q2 earnings which have buoyed the stock markets over the last few weeks.
Read the September 2021 Issue
6 August 2021
This month our emphasis is on the bond market rally, with prices up and yields down Kevin Walsh, Senior Investment Strategist discusses what the real issues are at play. Stephen Grissing, Investment Strategist contemplates if we are entering the next supercycle and Donough Kilmurray, Chief Investment Officer analyzes the economic recovery against the ever increasing spike in inflation.
Read the August 2021 Issue
8 July 2021
This month Donough Kilmurray, Chief Investment Officer discusses the 5% rise in CPI in the US and the effects of inflation. Kevin Walsh our Senior Investment Strategist gives us his monthly bond update and also discusses the fall in demand of cash and the rise of digital currency.
Read the July 2021 Issue
10 June 2021
This month, Donough Kilmurray our Chief Investment Officer discusses inflation in the US which was again the biggest economic news of the month, where the headline year-on-year rate rose to 4.2%. Kevin Walsh our Senior Investment Strategist gives us his monthly bond review across Europe and the US along with his insight on the Central Banks latest update on the Irish economy and the high level of savings within household sector.
7 May 2021
This month, Conall MacCoille our Chief Economist discusses the marked pick up in business and customer confidence which is edging towards pre-pandemic levels, Donough Kilmurray, our Chief Investment Officer, reviews the US economic growth versus the Eurozone registered contraction. Anna Heaney - Investment Associate discusses the corrosive impact of inflation on the economy and Kevin Walsh our Senior Investment Strategist gives us his monthly bond review across Europe and the US.
This month, Kevin Walsh our Senior Investment Strategist discusses the challenging financial conditions and concerns which credit unions are currently facing, along with his analysis on the growing debate about inflation. While Donough Kilmurray, our Chief Investment Officer, reviews the massive spending plan that President Biden in the US is hoping to push through in the coming months, and the resurgence in growth which is expected in the UK due to the successful Covid vaccine roll out.
This month we focus on the latest developments in the Eurozone bond market and Kevin Walsh, our Senior Investment Strategist, discusses the recent credit union sector CXi (Customer Experience) Survey win along with improvements which credit unions could make to their business models for the future.
This month Aidan Donnelly Head of Equities, Davy Private Clients discusses the political divide in the US on the eve of incoming US President Joe Biden’s inauguration, Kevin Walsh - Senior Investment Strategist breaks down the last month in the bond market while Neil Connaughton - Ass. Director discusses key learnings from the last 3 lockdowns.
In our newsletter this month Donough Kilmurray, Chief Investment Officer reviews the past months US election and vaccine news which proved as rocket fuel for a November stock market rally, delivering double-digit returns across most countries and sectors. Kevin Walsh – Senior Investment Strategist discusses the increase in interest rates and bond yields on the back of vaccine news and political developments mid-month along with a special report on the Central Bank of Ireland Quarterly Financial Accounts (QFA).
In our first issue of our newsletter Donough Kilmurray, Chief Investment Officer discusses the UK-EU Brexit negotiations along with the US election race, while Kevin Walsh - Senior Investment Strategist reviews the European Central Bank (ECB) bond purchase program and the Pandemic Unemployment Payment (PUP) along with a spotlight on the upcoming Brexit implications for Ireland and Northern Ireland.
